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Nigerian National Petroleum Corporation (NNPC)

Federal government gives IOCs 14 days to pay outstanding revenue on contracts

The federal government has given International Oil Companies (IOCs) operating in Nigeria’s deep offshore and inland basin a 14-day ultimatum to pay all outstanding revenues on Production Sharing Contracts (PSCs).

NNPC pays IOCs $993.7 million of $5.1 billion cash call debt

The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it had so far paid $993.7 million of the negotiated $5.1 billion cash call debt it owed International Oil Companies (IOCs) whom it is in joint ventures oil production with.

Ogoni people threaten to protest against federal government over cleanup project

More than two years after the federal government flagged off the clean-up of the heavily polluted Ogoniland, in the Niger Delta region, leaders from the area have criticised the project implementation as “flawed”.

MOSOP to dialogue with federal government over neglect of Ogoni, insists on self-determination

The new face of the Movement for the Actualisation of Ogoni People (MOSOP) has reiterated its resolve to effectively engage the Federal Government in dialogue for the realisation of its long-pursued self-determination and political equality for the Ogoni people.

Nigeria’s suit against Chevron, Total to continue February

A Federal High Court Lagos, on Tuesday, adjourned until Feb.13, 2019, a 69 million dollars suit filed by the Federal Government (FG) of Nigeria, against Chevron Petroleum Nigeria Ltd, seeking to recover oil revenue.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Court adjourns hearing of federal government’s $69 million suit

The Federal High Court, Lagos, has adjourned until Feb.13, 2019, a $69 million suit filed by the Federal Government against Chevron Petroleum Nigeria, seeking to recover oil revenue.

Maikanti Baru lauds Saudi Arabia for crude oil output cut

The Nigerian National Petroleum Corporation (NNPC), Group Managing Director, Dr. Maikanti Baru, has commended Saudi Arabia’s recent decision to announce daily crude oil production cut by one million barrels per day from December this year.

Oil firms, federal government raise $180 million for Ogoni clean-up

The Federal Government has revealed that International Oil Companies (IOCs) have made a contribution of $180 million for the Ogoni clean-up exercise which is expected to kick-off in the next two weeks.

PENGASSAN wants NNPC to caution IOCs over anti-labour practice

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) wants the Nigerian National Petroleum Corporation (NNPC) to caution indigenous operators and International Oil Companies (IOCs) involved in anti-labour practice.
Yemi Osinbajo

BMO challenges PDP to disprove Yemi Osinbajo’s clarification on debt profile

The Buhari Media Organisation (BMO) on Tuesday in Abuja challenged the Peoples Democratic Party (PDP) to disprove Vice President Yemi Osinbajo’s clarification of the country’s past and present debt profile.
Maikanti Baru

Maikanti Baru commends NPDC on 100% local content on gas facility

The Nigerian National Petroleum Corporation (NNPC) has commended the Nigerian Petroleum Development Company (NPDC), for achieving 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility (IGHF).
File photo- Construction work at the Dangote refinery and fertiliser site in Lekki Lagos. Company complying with Local Content Act

Dangote refinery partners with NCDMB on local content

The Nigerian Content Development and Monitoring Board (NCDMB) has declared its intention to partner with Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) on the effective implementation of the Local Content Act in the country.
Zainab Ahmed

Federal government seeks support of IMF, G24 to tighten noose on tax defaulters

The Minister of Finance, Mrs. Zainab Ahmed, has appealed to the International Monetary Fund (IMF), and the G24 to assist the federal government in identifying the assets of Nigerians overseas and of international companies doing business in the country for proper inventory, for the purpose of effective taxation.

2019: Akwa Ibom governor urges residents to reject APC

Udom Emmanuel, governor of Akwa Ibom state, has warned residents of the state against voting for the All Progressives Congress (APC) in 2019.
President John Magufuli. AFP Photo-Daniel Hayduk

Tanzania’s John Magufuli accuses oil firms of profiteering

President John Magufuli of Tanzania has accused the international oil and gas companies of seeking huge profits at the expense of the country’s development.

Federal government wants Agip to partake in Niger Delta remediation

The federal government has solicited the support of Nigeria Agip Oil Company (NAOC) in its current remediation (NAOC) efforts in the Niger Delta region, noting that such activities were hamstrung by paucity of funds.
Communities in the Niger Delta have insisted that international oil companies (IOCs) must relocate their headquarters to the region given the magnitude of their projects and the environmental challenges their operations pose to the people.

Communities reject oil firms’ refusal to relocate headquaters to Niger Delta

Communities in the Niger Delta have insisted that international oil companies (IOCs) must relocate their headquarters to the region given the magnitude of their projects and the environmental challenges their operations pose to the people.

Acting President Osinbajo intervenes in Total’s $16bn Egina oilfield dispute

It was alleged that the $33 million demand, which is one per cent of the cost of the FPSO, is frustrating the ongoing integration, thus potentially putting the efforts to bring the Egina field on stream by the end of this year in jeopardy.

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