NNPC

The Federal High Court sitting in Abuja has ordered the suspension of Nigeria National Petroleum Corporation (NNPC) ongoing job recruitment pending determination of a suit filed by one Mr Pelumi Olajengbesi.

The Federal High Court sitting in Abuja has ordered the suspension of Nigeria National Petroleum Corporation (NNPC) ongoing job recruitment pending determination of a suit filed by one Mr Pelumi Olajengbesi.

The Federal Government on Tuesday sought the approval of the Senate for the issuance of N10.69 billion promissory note for refund on federal projects executed by the Kogi State government.

Senate President Ahmad Lawan has declared the Federal Government would be $1.5billion richer next year following the passage of the Deep Offshore and Inland Basin Production Sharing Contract (PSC) (Amendment) Bill by the Senate.

The Federal Government has said that a target of three million barrels per day of oil production has been set and steps are being taken to realise it before the end of 2023. The Federal Government has said that a target of three million barrels per day of oil production has been set and steps are being taken to realise it before the end of 2023.

Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said under-recovery of premium motor spirit (PMS), popularly referred to as fuel subsidy, will gulp N450 billion in 2020.

The federal government has vowed to recover over $62 billion it claims as arrears of profits due it from 1998 under the production sharing contracts (PSCs) between the Nigerian National Petroleum Corporation (NNPC) and its joint venture partners.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) Kano unit, has commended the launching of the automation of the downstream sector of the petroleum industry.

Dare-devil armed robbers on Saturday attacked Nigerian National Petroleum Corporation (NNPC) mega station in Ilorin, the Kwara state capital.

The National Union of Ogoni Students International USA, Ogoni Lives Matter INTL USA and Movement For The Survival of Ogoni People (MOSOP) USA, have warned Governor Nyesom Wike of Rivers State over his alleged plan to acquire 45% shares of OML 11 from Shell Oil Plc.

The Nigerian National Petroleum Corporation (NNPC) says it has discovered hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North Eastern part of the country.

The federal government has inaugurated ‘Operation White,’ a critical transparency initiative to be carried out by an 89-man monitoring team for the tracking of movement of petroleum products in and out of the country including importation and distribution.

The Nigerian National Petroleum Corporation (NNPC) has challenged shareholders of the Nigeria Liquefied Natural Gas (NLNG) to work very quickly towards expanding the production capacity of the company beyond Train 7 to take advantage of developments in the global LNG market.

The Nigerian Petroleum Development Company Limited (NPDC), an Upstream Subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a fire incident which occurred at Oil Mining Lease (OML) 20 at Egbema-West, Imo State Monday 7th October 2019.

The agreement is “for upstream gas development projects to supply trains 1-6”, Nigerian National Petroleum Corp (NNPC) said on Twitter.

The federal government, through its attorney-General, Abubakar Malami, says it is determined to recover over $62 billion from multi-national oil companies for ‘under-payment’ to the country since 1998.

The arrest of yet another scammer linked with the Buhari Presidency further confirms that the Presidency under President Muhammadu Buhari has become a den of thieves, the opposition Peoples Democratic Party, PDP, has said.

The Nigerian National Petroleum Corporation (NNPC) has raised the alarm on the increasing menace of oil pipeline vandalism which hit a record high of 228 pulverized points in July.