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Nigerian National Petroleum Corporation (NNPC)

NNPC, PSC partners end dispute over $2.3 billion oil assets’ acquisition

Nigerian National Petroleum Corporation (NNPC), on Saturday, said it has signed an agreement with its partners in Oil Mining Lease, OML, 130, China National Offshore Oil Company (CNOOC) and South Atlantic Petroleum (SAPETRO), to settle all outstanding fiscal issues surrounding the development of the oil assets which had lingered since 2006.
The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Official: Edo modular refinery will drive industrial revolution

Edo Government says the ongoing Modular Refinery project at Ologbo in Ikpoba-Okha Local Government Area of the state, will on completion, drive the state’s industrial revolution quest.

NIMASA dispatches team to investigate Ondo offshore fire

Nigerian Maritime Administration and Safety Agency (NIMASA) has sent an investigative team to unravel the circumstances surrounding a recent fire incident at a wellhead offshore in Ondo State.
The National Oil Spill Detection and Response Agency (NOSDRA) says it is collaborating with Ghana-based Kofi Annan International Peace and Training Centre (KAIPTC) to strengthen the capacity of its staff.

Official: NOSDRA is investigating cause of fire at coronavirus

The National Oil Spills Detection and Response Agency (NOSDRA) on Monday said that the ongoing fire at Ororo oilfield at Oil Mining Lease (OML) 95 is being investigated.
Nigeria has sued an oil exploration production company, ALLIED ENERGY PLC , owned by Texas-based billionaire Kase Luqmon Lawal to demand $35.7million debt.

Nigeria drags Kase Lawal to court over $35 million debt

Nigeria has sued an oil exploration production company, ALLIED ENERGY PLC, owned by Texas-based billionaire Kase Luqmon Lawal to demand $35.7 million debt.
The Peoples Democratic Party (PDP) on Friday in Abuja, congratulated Gov. Nyesom Wike of River, over the Supreme Court judgement that affirmed his election.

OML 11: I will protect my people – Rivers governor

Rivers State Governor, Nyesom Ezenwo Wike, has assured the Ejamah Community and other host communities of Oil Mining Lease (OML) 11 that the Rivers State Government will defend their right in any ensuing legal battle over the oil facility acquired by the Rivers State Government.

Total planning to sell stake in major oil block in Niger Delta

Total is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources have said.

NNPC: 14 companies bid for OML 119 redevelopment financing

The Nigerian National Petroleum Corporation (NNPC) says it has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119.

NIPC tracks $9.29 billion investment in three months

The Nigerian Investment Promotion Commission on Friday said it recorded a total investment commitment of $9.29bn in the third quarter of this year.
Nigerian National Petroleum Corporation (NNPC)

NPDC reports fire incident at company’s OML 20 asset

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.
Nyesom Wike

[email protected]: Rivers governor decries faulty electoral system after 20 years of democracy

Rivers State Governor, Nyesom Wike, has decried the faulty electoral system in the last 20 years of the nation’s democracy, declaring that it is responsible for the poor leadership selection process.
Nyesom Wike

Rivers government acquires Shell’s 45 per cent stake in OML 11

The Rivers State Government has acquired 45 per cent of Shell Petroleum Development Company’s interest in Oil Mining Lease 11 in Ejama and other communities in Ogoni.
Nyesom Wike

Rivers government acquires Shell’s 45 percent interest in OML 11

The Rivers State Governor, Nyesom Wike, on Monday said that the state government had acquired the 45 per cent interest of Shell Petroleum Development Company of Nigeria in Oil Mining Lease 11 located in Ejama Ebubu community, Eleme Local Government Area and other communities in Ogoni.
A former Works Commissioner in Rivers State and current member representing Khana/Gokhana Federal Constituency, Mr. Dumnamene Dekor, has dismissed the claim that the Governor Nyesom Wike demolished a mosque in Rainbow Town to pave the way for a housing estate.

Rivers government acquires Shell’s stake in Ogoni

The Rivers State Government, on Monday, announced that it had acquired Shell Petroleum Development Company’s stake in the Oil Mining Lease 11 in Eleme and other parts of Ogoni land.

Nigeria moves to recover 35,000bpd lost to Shell-Belema oil dispute

The federal government says it is determined to continue to extract over 35,000 barrels per day of crude oil output lost to a community dispute in the Niger Delta region.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

OML 25: $1.7 billion lost to two years closure – NNPC

The Nigerian National Petroleum Corporation (NNPC), says the existing peace in Kula community in Rivers is the best to ensure smooth operation of Oil Mining Lease (OML) 25 flow station.

NNPC transfers stakes in three oil assets to NPDC

The Nigerian National Petroleum Corporation, NNPC, yesterday, signed an agreement with Nigeria Agip Oil Company, NAOC, and Oando, for the transfer of NNPC’s stake in three oil wells, Oil Mining Lease, OML, 61, 62 and 63 to its upstream subsidiary, Nigerian Petroleum Development Company, NPDC.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

NNPC signs agreement with NAOC on four OMLs

The Nigerian National Petroleum Corporation has signed a novation agreement with Nigerian Agip Oil Company on Oil Mining lease 60,61,62 and 63.

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Huawei will stop producing Kirin chipsets on September 15

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House of Reps uncovers abandoned power projects worth over N156 billion

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Biafra group warns Miyetti Allah against operating security outfit in South-east, South-south

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Governor of Kaduna State, Mallam Nasir El-Rufai, has fully recovered from coronavirus. 4

Governor El-Rufai: South should produce next President

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The Lagos Waste Management Authority on Saturday said plans had been concluded to decommission its Olusosun and Solous landfill sites. The Managing Director of LAWMA, Dr Muyiwa Gbadegesin, said in a statement that the decommissioning was due to urban encroachment and increased human activities around the areas.

LAWMA arrests 13 cart pushers for environmental laws violation

Mr Ibrahim Odumboni, Acting Managing Director, Lagos State Waste Management Authority (LAWMA), said the authority arrested 13 cart pushers and seized 29 carts for violating environmental laws of the state.