By OLA MUDOPE, Lagos – The Nigerian Navy Ship (NNS) BEECROFT has discovered and halted the siphoning of petrol from one of NNPCL’s pipelines at Atlas Cove, Lagos. Commander, NNS BEECROFT, Commodore Kolawole Oguntuga said this in a statement issued by its spokesperson, Sub.-Lt. Happiness Collins...
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By EZEKIEL OBI, Abuja – The Coalition of Civil Society Organisations in Nigeria (COCSON) and the Bloggers and Vloggers, Content Creators Association (BAVCCA) have kicked against the planned protest by 1000 lawyers and various ethnic and Civil Society Organizations (CSOs) groups concerning the recent fuel hike and...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with the Nigerian Content Development and Monitoring Board (NCDMB) and International Oil Companies for optimal contracting cycle in the industry. The MoU will implement industry framework, focused on processes and timelines for achieving...
By DAVID IORJA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “set up a presidential panel of enquiry to promptly probe the grim allegations that over US$15 billion of oil revenues, and N200 billion budgeted to repair the refineries are missing and...
The Nigerian National Petroleum Company (NNPC) Limited. has signed up as a participant of the United Nations Global Compact, thereby becoming the first state-owned oil company to join the global initiative. Group CEO of NNPC Ltd., Malam Mele Kyari,, signed the Letter of Commitment, at the ongoing UN General...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said the oil and gas industry generated over $23billion in 2021. The Executive Secretary of NEITI, Dr Orji Ogbonnaya-Orji said this while presenting highlights on the 2021 Oil and Gas report unveiled on Monday in Abuja. According to Ogbonnaya Orji,...
The National Security Adviser (NSA), Malam Nuhu Ribadu, says the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite efforts to end the menace. Ribadu confirmed this when he led a presidential delegation to inspect oil and gas facilities at Owaza...
Financial economists are worried about the three billion dollars crude oil repayment loan secured by the Nigerian National Petroleum Corporation Ltd., to prevent the Naira from slumping further. The experts expressed their worry in separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos. ...
A member of the People Democratic Party (PDP), National Presidential Campaign Council, Adetokunbo Pearse, says Nigerians have a right to know the actual landing cost of Premium Motor Spirit (PMS). Dr Pearse, speaking on Channels Television’s Sunrise Daily on Monday stated that a thorough scrutiny should be carried out on...
By SADIQ ABUBAKAR, Maiduguri – Borno State Governor, Banagana Umara Zulum, has approved the release of N80m grant for use by Guwori Islamic Academy, a charity institution that provides education to children mostly from low income families. Zulum announced the approval on Sunday at the graduation ceremony of...
The Nigerian National Petroleum Company Limited (NNPCL) says the Gwagwalada Independent Power Plant (GIPP) project is a giant step toward achieving its gas and power mandate to add five Gigawatts into the National power generation by 2024 Malam Mele Kyari, Group CEO, NNPC Ltd., made this known on Friday...
Group Chief Executive Officer, Nigerian National Petroleum Company Ltd., Malam Mele Kyarsi, says the company will aggressively pursue its gas development and gas transportation projects. N Kyari said this on Monday in Lagos, while delivering a keynote address at the ongoing Society of Petroleum Engineers’ Annual International Conference and...
The Arewa Citizens Watch for Good Governance, (ACWGG), a watchdog group advocating good governance, says it will hold massive protests on Aug. 3 against fuel subsidy removal. The group said the protest was to show dissatisfaction with the leadership of the Group Managing Director of the Nigeria National Petroleum...
High-level sources in NNPC Ltd. have come out in full force, to explain the operations of the company against the backdrop of “blatant misinformation’’ on the activities of the firm. The News Agency of Nigeria (NAN) learnt on Thursday in Abuja that the gesture is aimed at facilitating better...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has restated plans to issue its Initial Public Offer(IPO) to investors very soon. The Group Chief Executive Officer (GCEO) of NNPC Ltd, Mele Kyari said this at the 22nd edition of the 2023 Nigeria Oil and Gas (NOG) Energy conference and...
TANTITA Security Services Ltd. has intercepted MT TURA 11 vessel laden with 150, 000 litres of products suspected to be stolen crude oil with 12 crew on board. Capt. Warredi Enisuoh, Executive Director, Technical and Operations, disclosed this while addressing newsman on the arrest on Monday in Oporoza, Warri...
A vessel conveying 800,000 litres of suspected stolen crude oil has been intercepted by a private security contractor engaged by the Nigerian National Petroleum Company Ltd. (NNPC Ltd). The vessel and its crew members were apprehended on July 7, by operatives of Messrs. Tantita Security Services at an offshore...
The Nigeria-Morocco Gas Pipeline Project has advanced with the signing of four Memoranda of Understanding (MoU) to ensure progress and strategic direction of the 25 billion dollars Trans-Atlantic gas pipeline project. The News Agency of Nigeria (NAN) reports that the four MoUs were signed on Friday in Abuja at...
The Federal Government has issued licences to the NNPC Limited Exploration and Production Ltd. and Belema Sweet Export Terminal Ltd for establishment of crude export terminals. The licences were approved and issued to the companies on Tuesday in Abuja by Mr Farouk Ahmed, Authority Chief Executive (ACE), Nigerian Midstream...
The House of Representatives ad-hoc Committee on the state of refineries in the country, says after spending N11.349 trillion to rehabilitate the nation’s refineries, it discovered duplication of projects and double payments. This is sequel to the report of the Committee, chaired by Rep. Ganiyu Johnson. The report was...