The Senate Public Account Committee has described as unacceptable the payment of N98.4m by the Petroleum Resources Ministry for the printing of leaflets. The flyers, according to the 2015 Auditor-General for the Federation’s report, was meant to create awareness campaign…
Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), is aware of media reports suggesting an oil leakage from our Funiwa field in Bayelsa State. We wish to…
The Nigerian National Petroleum Corporation (NNPC) has said it recorded a trading surplus of N28.38 billion in September 2020. The Corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of September, released in Abuja, on…
Nigerian authorities moved to seize assets belonging to one of the nation’s largest banks to recoup damages owed by Royal Dutch Shell Plc to a local community over a decades-long dispute. Federal court officials and police visited First Bank of Nigeria…
…Acquires 45% of OML 17 from Shell, Total and ENI …Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent …Estimated Additional 1 billion barrels of oil equivalent of further…
Gov. Ifeanyi Okowa of Delta on Thursday, performed the groundbreaking for the 40 million dollars (about N15.2 billion) power transmission tower manufacturing industry in the state. The governor performed the function at the project site at KM 25, Asaba-Benin Expressway,…
The Nigerian National Petroleum Corporation (NNPC) has said it is currently diversifying its portfolio beyond oil assets due to the impact of global energy transition. Mr Mele Kyari, Group Managing Director, NNPC made this known on Wednesday while speaking at the Gulf Intelligence…
No fewer than 96 companies have indicated interest in the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure. The public opening of the bid was held virtually in Abuja, on Thursday. The Managing Director of the Nigerian Pipelines…
The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, on Thursday inaugurated a steering committee for the implementation of the Export Expansion Facility (EEF) to boost non-oil exports. Adebayo at the virtual inauguration of the committee warned that the…
…To focus more on gas, Condensates for revenue growth The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at…
