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Shell loses N202 million daily to vandals, oil thieves – official

Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture says it loses about N202 million daily in revenue to activities of criminals in the Niger Delta.

Delta communities shutdown flow stations

Nigeria loses about 79,000 barrels of oil as host communities to Jones Creek, Odidi and Batan flow stations shut down the station operated by NPDC/Neconde OML42 JV this morning.
Nigerian National Petroleum Corporation (NNPC)

NNPC ‘not tax agency’

The Nigerian National Petroleum Corporation (NNPC) yesterday said the collection of taxes and other cash due to the Federal Government in the oil and gas industry was not its responsibility.
Melee Kyari

Melee Kyari: NNPC has no secret account

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the corporation has no secret accounts that breach the Treasury Single Account (TSA).

Oando records six per cent increase in turnover

The oil giant, whose operation was grounded by the Securities and Exchange Commission (SEC) when it laid siege to its head office with the police, weathered the storm and recorded a six per cent increase in revenue of N315.4 billion, from N297.3 billion, in comparative period of 2018.

Chevron: Ojumole Well 1 fire has been put out

Oil giant, Chevron Nigeria Limited (CNL), operator of Joint Venture (JV) between the NNPC and CNL (NNPC/CNL JV), says the fire that gutted its Ojumole Well No 1 has been put out.

Federal government exceeds oil budget target

Nigeria’s crude oil and condensates production has risen to 2.323 million barrels per day (bpd), exceeding the 2019 budget benchmark of 2.3 million bpd.

Federal government revokes license of MKO Abiola’s Summit Oil

The Department of Petroleum Resources (DPR) has revoked five Oil Mining Licenses (OML) and one Oil Prospecting Licence (OPL) belonging to five companies.

NNPC pays N153.01 billion into federation account in January

The Nigerian National Petroleum Corporation (NNPC), says it transferred N153.01 billion into the federation account in January.

Oando steadily wins shareholder confidence, posts N4.6 billion profits in Q1 2019

The year 2019 continues to favor Oando PLC, Nigeria’s leading indigenous energy solutions provider. At the end of March the company published its FYE 2018 results with the announcement of a third consecutive year of profits. The company continues to wax strong posting results for the first quarter of 2019 (Q1
Nigerian National Petroleum Corporation (NNPC)

NNPC: Nigeria’s daily crude production in 2018 stood at 2.019 million barrels

The Nigerian National Petroleum Corporation (NNPC) says that the national average daily crude oil production stood at about 2.019 million barrels in 2018.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Federal government to sell stakes in JVs to improve finances – minister

Udoma Udo Udoma, the minister of budget and national planning, says the federal government will sell some of its stakes in joint ventures with Shell and Chevron to improve its finances.

Chevron, NNPC seal gas supply deal for Dangote fertiliser plant

Chevron Nigeria Limited (CNL), operator of the CNL and the Nigerian National Petroleum Corporation (NNPC) joint venture, on Wednesday, signed a Gas Sale and Aggregation Agreement (GSAA) with Dangote Fertiliser Limited (DFL) and Gas Aggregation Company of Nigeria Limited (GACN) as the ‘aggregator’.

NEITI: Nigeria loses $16 billion to production sharing contracts

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil companies.
Nigeria’s Minister of Finance, Zainab Ahmed on Wednesday debunked claims that the Federal Government was planning to reduce the number of children that a mother could have in Nigeria.

2019 Budget: Federal government to Release New Set Of Taxes, Excise Duties

Zainab Ahmed, Minister of Finance, said on Thursday that the Federal Government will be releasing new revenue initiatives which will include a new set of taxes and excise duties.
Oando and its JV Partners, on Saturday the 1st of December, held the 22nd edition of its annual Green River Project (GRP) - Farmers Day celebration in Igbo-ogene Bayelsa State.-5

PPP: Oando, NAOC JV boost agriculture in Niger Delta

The Farmers Day initiative, which has recorded many successes;at the start took a lot of convincing to get the farmers acceptance of the project. Communities had hitherto blamed oil exploration activities for their poor harvest which in truth was as a result of poor farming techniques and seedlings.
Nigerian National Petroleum Corporation (NNPC)

NNPC nets $470 million from oil, gas export in August

The Nigerian National Petroleum Corporation (NNPC) on Wednesday, released its August 2018 operational report, disclosing that crude oil and gas export sale was $470million, indicating a growth of about $78million in relation to July oil and gas export figures of $391.91million.
Nigerian National Petroleum Corporation (NNPC)

Nigeria’s oil and gas export sale hits $470 million in August

The Nigerian National Petroleum Corporation (NNPC) has said that crude oil and gas export sale by the corporation in August 2018 was $470million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91million.

Recent Stories

Clayson Monyela

South Africa: Nigeria overreacted to recent xenophobic attacks – official

Clayson Monyela, spokesman of the Department of International Relations and Cooperation (DIRCO) in South Africa, says Nigeria overreacted to the recent xenophobic attack in the country.
Big Brother Naija, BBNaija housemate, Khafi has shunned an advice from fellow housemates over her relationship with Gedoni.

Khafi Kareem evicted from BBNaija House

While in the house, the 29-year old won the Innoson vehicle valued at over N3m, and a N220,000 Scanfrost TV.

Expert calls for improved health infrastructure

A Medical Practitioner, Dr Tony Momoh, has advised government to fix dilapidated health infrastructure and provide equipment to make the health sector more functional.

Tribunal upholds elections of two Oyo PDP lawmakers

The House of Assembly Elections Petition Tribunal sitting in Ibadan on Sunday upheld the elections of two People’s Democratic Party (PDP) assembly members in Oyo State.
Femi Fani--Kayode

Xenophobia: Only Julius Malema can save South Africa now – Femi Fani-Kayode

A chieftain of the Peoples Democratic Party, PDP, Femi Fani-Kayode, has revealed the man that can save South Africa at this moment.