Industry

NNPC failed to remit a kobo to the federation account since the start of 2022, despite the rising international prices of oil and high demand for gasThe lack of remittance has put serious pressure on the finances of federal, state and…
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...An addition of the N161m that would have been made from the petrol seized at Benin Republic, N86bn from crude oil intercepted by the Navy, and N12.8m from the recovered 16, 000 litres diesel by the Nigeria Security and Civil Defence…
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Slyva Key players in the oil and gas industry, including governors of Bayelsa, Benue and Delta states are set to brainstorm on Sustainable Development Goals in the Niger Delta, as part of activities marking the Gbaramatu Voice 7th year…
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…Tasks government to set up special force to confront oil thieves Former managing director of Warri and Kaduna refineries, Babajide Soyode, has revealed why it is easy to steal crude oil from Nigeria. This is even as he called on…
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According to a review of current statistics from the national oil company, the Nigerian National Petroleum Company Limited (NNPCL) showed a project financing underperformance of $1.216 billion between January and June of this year. …
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•Navy denies involvement The Federal Government and security agencies were, yesterday, indicted in the alleged nonchalance attitude in tackling oil theft in Nigeria. This was even as a vessel with three million barrels of crude…
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The CEO had said, “Subsidy is not NNPC’s burden. Subsidy is the decision of the state and in every jurisdiction anywhere in the world, countries see them differently. In some countries, they put petroleum tax on top of the market price…
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•Says about 700,000bpd currently lost to Shut-ins and oil theft The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, yesterday poured cold water on calls for the…
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A leading International Oil Company ( IOC) in Nigeria, TotalEnergies has explained that there was neither a berthing permit nor oil lifting by the arrested million barrels detained Supertanker. One of the high ranking officials in…
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Oil theft in Nigeria has been a major canckerworm that has eaten deep into the fabrics of the country's source of revenue and the more the government tries to deal with the situation, the worse it becomes. This was the subject of…
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