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The push by the Management of the Nigerian National Petroleum Corporation (NNPC) to increase crude oil production and grow the nation’s revenue profile gained momentum with the closure of $875.75m alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated OML 65 through the Funding and Technical Services Agreement with CMES-OMS Petroleum Development Company (CPDC).
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.
The Nigerian National Petroleum Corporation (NNPC) says it will begin full rehabilitation of the nations three refineries by January 2020.
The implementation of the proposed reduction of the federal government’s equity holding in the joint ventures in the oil industry is one of the priorities of the Minister of State for Petroleum Resources, Timipre Sylva.
Alternate Chairman of the Board of the Nigerian National Petroleum Corporation (NNPC), Dr Thomas John, has called on shareholders of the Nigerian Liquefied Natural Gas (NLNG) to maximize Nigeria’s abundant gas resources and generate more revenue for the nation.
The Nigerian National Petroleum Corporation (NNPC) on Wednesday in Abuja reported a fire incident involving some fuel trucks at the loading bay of the Ibadan depot operated by the its downstream subsidiary, Nigerian Pipelines and Storage Company (NPSC).
The Federal Government says it has plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter of 2019.
The Federal Government is committed to resolving the challenges facing the power sector and ensure improved power supply to Nigerians.
A U.S. Southern District Court of New York has delivered judgment in favour of the Nigerian National Petroleum Corporation (NNPC) against ESSO Exploration and Production Nigeria Limited and Shell Nigerian Exploration and Production Company Limited (collectively ESSO).
The United States Southern District Court of New York delivered a landmark judgment in favour of the Nigerian National Petroleum Corporation (NNPC) against ESSO Exploration and Production Nigeria Limited and Shell Nigerian Exploration and Production Company Limited (Collectively, “ESSO”) over the weekend.
As local airlines complain about a persistent scarcity of aviation fuel (Jet A1), the Nigerian National Petroleum Corporation (NNPC) on Thursday dismissed their claims, saying that it has 80 million litres of the product stored in facilities nationwide.
The Nigerian National Petroleum Corporation (NNPC) Retail, says it is partnering the Nigerian Navy to ensure effective service delivery and security of its Floating Mega Stations (FMS) across the Niger Delta region of the country.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured host communities of oil and gas installations of sustained and symbiotic engagement with the national oil company in such a way as to entrench mutually beneficial partnership with the industry.
The Group Managing Director of the NNPC, Mallam Mele Kyari, has called on the oil and gas industry unions, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), to support his management’s vision to reposition the corporation.
Edo State Governor Godwin Obaseki said the nation lost about 22 million barrels of its crude oil production to oil theft between January and June 2019.
Gov. Gboyega Oyetola of Osun State on Thursday presented a N119.5 billion budget to the state House of Assembly for the 2020 fiscal year.
Former World Cup and Champions League-winning coach Marcello Lippi has announced his resignation as manager of the Chinese national team after a World Cup qualifying defeat to Syria.
The Edo State Governor, Mr. Godwin Obaseki, has sworn in Dr. Patrick Okundia as the new Commissioner for Health, tasking him to drive the full implementation of the Edo State Healthcare Improvement Programme (Edo-HIP).
A Federal High Court sitting in Yenagoa, on Thursday caused upset in Bayelsa State ahead of the Saturday governorship election following its judgement nullifying the primaries of the All Progressives Congress (APC) that produced Chief David Lyon as the party’s candidate.
The Edo State chapter of the All Progressives Congress has rejected the purported suspension of the State Chairman of the party, Mr Anselm Ojezua by the National Working Committee.
Elder statesman, Emmanuel Iwuanyanwu, has said that the Igbo nation does not hate President Muhammadu Buhari as portrayed but merely seek to be treated fairly in the country they call their own.
State House statement conveying the President’s condolence, reads, partly, “Professor Tamunoemi Sokari David-West, 83, was a consultant virologist of national and international standing. He served as Commissioner of Education in the old Rivers State, Minister of Petroleum and Energy under the Muhammadu Buhari military regime, and Minister of Mines, Power and Steel under Gen. Ibrahim Babangida regime.”
Oman said on Monday that the Organisation of the Petroleum Exporting Countries (OPEC) and allied oil producers could extend a deal to limit crude supply but may not consider deepening cuts.
The Court of Appeal sitting in Makurdi has upheld the decision of the election petition tribunal affirming the election of Abdullahi Sule as governor of Nasarawa State.
As the world observe Adoption Day, the Vice President of The Halal Children’s Home, Mrs. Ramatu Abubakar, has called for a legal framework to encourage fostering of orphans and vulnerable young persons in the society to promote nation building.