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The Nigerian National Petroleum Corporation (NNPC) will be heading to the capital market to raise more funds to execute new oil and gas projects it had scheduled in 2018 and beyond, its Group Managing Director, Dr. Maikanti Baru, has disclosed.
The National Assembly on Friday said it had finally transmitted the final harmonised copy of the Petroleum Industry Governance Bill (PIGB) to President Muhammadu Buhari for assent, making it the second time it has claimed to do so in about one month even though the presidency denied receiving the bill at the first occasion.
The Senate Committee on Local Content says the Senate will investigate the alleged non-patronage of a multi-million dollar internationally certified Nigerian pipe manufacturing and coating company, SCC Nigeria Limited, by NIgerian National Petroleum Corporation (NNPC) and International Oil Companies (IOCs).
At least 198 Kaduna State indigenes have benefited from scholarship programmes initiated by the Texaco Nigeria Outer Self, a Chevron Company, between 2013 and 2017.
A Federal High Court in Lagos thursday awarded N100,000 cost against Chevron Nigeria Limited in a $12 billion missing crude oil revenue suit filed by the federal government.
The Olu of Warri, His Majesty, Ogiame Ikenwoli, has said the emergence of Chief Ayirimi Emami as the Ologbotsere of Warri, should unite and not divide the Itsekiri nation under his reign.
The Nigerian National Petroleum Corporation, NNPC, and Chevron Nigeria Limited, CNL, have executed the second and final phase of an Alternative Financing Agreement meant to increase crude oil production in the country by about 39,000 barrels per day.
Minister of Health, Prof Isaac Adewole, has expressed gratitude to Chevron Nigeria Limited (CNL) for donating a total of US$5 million to Global Fund to tackle HIV, tuberculosis and malaria for the implementation of the Chevron-Global Fund Anti-Retroviral Treatment Service Maintenance Program (ART Program) in Delta, Bayelsa, Ondo and Lagos States.
As the Niger Delta Avengers threatens to resume fresh attacks on oil facilities in Nigeria, the Manufacturers Association of Nigeria, the Lagos Chamber of Commerce and Industry and others have said such action would have a grave impact on the nation’s economy and its people.
The Nigerian National Petroleum Corporation, NNPC, on Monday named its upstream oil exploration and production subsidiary, the Nigerian Petroleum Development Company, NPDC, as the fifth largest oil producer in Nigeria.
Caverton Offshore Support Group Plc has secured a five year logistics support contract from Chevron Nigeria Limited, the operator of NNPC/CNL Joint Venture, for the provision of aviation services.
Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, indicted four oil and gas companies for failing to comply with its on-going independent audit of the oil and gas industry covering 2015, while 12 others were listed as failing to provide some documents required for the audit.
Chevron Nigeria Limited on Wednesday lauded its team for winning multiple awards at this year’s Nigeria Annual International Conference and Exhibition (NAICE) of the Society of Petroleum Engineers (SPE) in Lagos.
Chevron Nigeria Limited (CNL) said it spent $2.5 billion on local content development in Nigeria’s oil and gas sector, representing 65 per cent of the total Nigerian goods and services expenditures for the year.
The Nigerian National Petroleum Corporation has put the cash call arrears owed oil companies for the development of joint venture assets at $6.6bn (N2.01tn).
Dr. Baru commended the NNPC finance and technical teams for being able to attract the much needed foreign investment at a period when it has become increasingly difficult to attract foreign credit facilities.
The principals have chosen to speak as there were concerns that Volpi’s press release implied that they, Whitmore Limited, had a total indebtedness of $680 million.
National Leader of the All Progressives Congress, (APC) Sen. Bola Tinubu, on Sunday said the election of Dr Kayode Fayemi in Saturday’s gubernatorial poll was a victory for the people.
Femi Kuti has spent his life railing in song against the ills holding back Africa. But these days he is feeling some optimism.
Oyo State Governor, Senator Abiola Ajimobi, has described the victory of Dr. Kayode Fayemi in the just-concluded gubernatorial election in Ekiti State as a demonstration of the people’s trust in the All Progressives Congress (APC) as a party that has the capacity to liberate the state from mis-governance and gross under-development.
The Edo State Chapter of the All Progressives Congress (APC), held a victory rally to celebrate the success of the party’s candidate in Saturday’s governorship election in Ekiti State, Dr. John Kayode Fayemi, who has been announced winner of the polls.
A witness at the Internally Displaced Persons (IDPs) camp at Geo-science, Angulu-D, Zawan, where Governor Simon Bako Lalong was attacked on Saturday afternoon, Mr Francis Pwajok, has revealed how the IDPs initially murmured at the governor’s behaviour before pelting his convoy with stones.
Two members of the National Youth Service Corps (NYSC), Aminat Dauda from Ogun and Gbenga Osuntan from Ondo State have received the Sultan’s awards for Excellent Service in Sokoto rural communities.
The Senate on Wednesday rejected a motion demanding for details of 30,000 Policemen deployed to monitor the July 14, 2018 governorship election in Ekiti State.
The Peoples Democratic Party (PDP) has cautioned the Independent National Electoral Commission (INEC) not to accept or announce any result that does not reflect the true votes cast at polling centers, as such would be a direct call for crisis.
Chukwulaka quoted EU Commissioner for Humanitarian Aid and Crisis Management, Christos Stylianides, as saying that Sahel region experiences its worst food and nutrition crisis in five years and continued insecurity.