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Shell Shuts Trans Niger Pipeline
The Trans Niger Pipeline in Gio, Tai Local Government Area of Rivers state has been shut by Shell Petroleum Development Company (SPDC) of Nigeria...
Nigeria Loses $5.9 billion to Oil Theft
Waziri Adio, the Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed that Nigeria has lost over USD5.9billion in 2013 to oil theft.
According...
Nigeria’s Oil Output Rises To 1.9 Million Bpd Due To Repairs...
Oil production in Nigeria has risen to about 1.9 million barrels per day (bpd), from 1.6 million bpd, due to repairs and more than...
Hong Kong Firm To Build 200,000 Barrels Refinery In Nigeria
A Hong Kong based firm, Blooming Faith Petroleum Ltd, is partnering the Federal Government to build and operate a 200,000 barrels per day (...
Flared Gas In Nigeria Drops To 750mscf/D
With the increasing utilisation of associated gas, flared gas has dropped from over one billion standard cubic feet per day (bscf/d) to 750 million...
Baru is New NNPC Boss
...Kachikwu Heads Corporation’s 9-Man Board
Dr Maikanti Kacalla Baru
Dr Maikanti Kacalla Baru has emerged as the new Group Managing Director (GMD) of the Nigerian National...
NCDMB, NNPC, NIMASA agree to grow Nigerian Content in crude oil...
Contracts for lifting Nigerian crude oil will begin to yield tangible benefits for the Nigerian economy going by the renewed commitment by the Nigerian...
Seplat Pays Close to $700MM to the Nigerian Government
Seplat has reported it paid a total of six hundred and eighty six million, five hundred and forty thousand and eight hundred and ten...
Direct sales now guarantees premium value on product transactions – NNPC
Nigeria now earns maximum value from the petroleum products it put through a new framework – the Direct Sales-Direct Purchase (DSDP) used by it...
Senate constitutes Committee to probe non-remittance of N1tn by NNPC
The Senate wednesday constituted an ad hoc committee to probe the allegation by the National Extractive Industries and Transparency Initiative (NEITI) that Nigerian National...
FG saving N1.4 trillion per annum from subsidy-Kachikwu
…wants NCDMB to build collaborations
The recent removal of subsidy from the pump price of premium motor spirit is saving the Federal Government over N1.4...
NNPC: Kachikwu is brain behind Barkindo’s appointment
The Nigerian National Petroleum Corporation (NNPC) says diplomatic shuttles by Ibe Kachikwu, the minister of state for petroleum resources, helped in the appointment of...
Nigeria’s Mohammed Barkindo becomes OPEC secretary general as cartel looks forward...
A one-time group managing director of the Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo, was on Thursday appointed the secretary-general of the Organisation of...
Shell Suspend Crude exports Indefinitely Due to Niger Delta Avengers’ Attacks
By Margaret Nongo-Okojokwu
Shell Petroleum Development Company Limited yesterday confirmed an attack by the notorious militant group, Niger Delta Avengers , on their oil installations...
FG remains committed towards implementing local content policy – Kachikwu
...Charges NCDMB, NAPIMS ‎on six months contracting cycle
Houston Texas:Â the Minister of State for Petroleum Resources and Group Managing Director of Nigerian National Petroleum Corporation, NNPC,...
Nigeria: Vitol SA, Seplat among Nine Companies Bidding For Co-Location of...
Vitol SA and Seplat Petroleum Dev. Co. are among nine companies that submitted bids to construct new oil refineries in Nigeria as Africa’s top...
‘NNPC Opens Bids For Co-Location Of Refineries’ – Garba Deen Muhammad
The Nigerian National Petroleum Corporation {NNPC} says it is committed to boosting the nation’s refining capacity which in turn would put an end to...
‘Nigeria produces 2.2mbd of crude in February’
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Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, says Nigeria’s oil production...
Oil swap: Reps caution Kachikwu
The House of Representatives has expressed reservation over the capacity of the present managers of the nation’s oil and gas industry to reposition the...
Direct-sale, direct-purchase to replace crude swap arrangement – Kachikwu
The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has said that the crude-for-products...
