News

-By Benjamin Ike As a pointer to its pivotal Corporate Social Responsibility (CSR) project, a self-regulatory business model that helps a company to be socially accountable to itself, stakeholders and the public at large, the Kaduna…
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The Federal Government has reconstituted the ministerial steering committee (SteerCo) of the Nigerian Gas Flare Commercialization Programme (NGFCP) in the Ministry of Petroleum Resources (MPR) A press release from the Ministry…
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A Federal High Court Sitting in Lagos has ordered the interim forfeiture to the Federal Government of some jewellery,a customised gold iPhone worth N14bn ($40m) recovered by the Economic and Financial Crimes Commission, EFCC in the…
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Operating and service oil and gas companies that default in remitting one per cent of the value of their contracts to the Nigerian Content Development Fund (NCDF) would henceforth be blocked from participating in the industry tendering…
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The Nigerian National Petroleum Corporation (NNPC) is soon to introduce a new model, tagged the Incorporated Joint Venture (IJV), to ease the funding of joint venture projects that have suffered delays due to financial hitches. Former…
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The retiring Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, yesterday, stated that the Nigerian petroleum industry would attract over $48.04 billion investments, in terms of capital…
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Shell Companies in Nigeria, SCiN, have won the coveted Excellence Award at the 2019 Nigeria Oil and Gas Conference and Exhibition, held in Abuja. SCiN is made up of the Shell Petroleum Development Company, SPDC; Shell Nigeria…
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Managing Director of Aiteo Energy Resources, Mr. Ewariezi Useh, has warned against over-reliance on modular refineries, stating that the country’s fuel supply challenges cannot be addressed by modular refineries alone. Speaking at the…
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From Right: Executive Secretary, NCDMB, Engr, Simbi K. Wabote, outgoing GMD, NNPC, Maikanti Baru and incoming GMD, NNPC, Mele Kolo Kyari with other invited dignitaries observing the National Anthem during the (just…
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The Lagos State Emergency Management Agency has said two people have been confirmed dead and 30 vehicles burnt in the Ijegun, Lagos pipeline explosion. The spokesperson for the agency said the total loss would be determined at the end…
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