News

International oil companies’ bosses and their joint venture partner, the NNPC, on Wednesday backed a key reform policy contained in the Petroleum Industry Governance Bill (PIGB) that seeks to create a single regulator for the petroleum…
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The Nigerian National Petroleum Corporation (NNPC) will revamp the refineries  to improve fuel demands across the country, its Group Managing Director, Mr Mele Kyari, has said. He spoke at the sidelines of the 176th Meeting of…
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Gas producers in the country have said power generation companies owe them a total of N1.3tn for the supply of the fuel to power stations. The nation generates most of its electricity from gas-fired power plants, while output from…
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The Department of Petroleum Resources (DPR) says it is currently working towards reducing barriers to entry, regulatory transaction cost to help create conducive business environment. The acting director, DPR, Mr. Ahmed Rufai Shakur,…
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Oil investors moved out about $15 billion raked in from the 2015 Joint Ventures (JV) assets divestment in Nigeria. Indigenous oil producers, who bought the assets, gave this hint yesterday at the on-going Nigeria Oil and Gas Conference…
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The United Kingdom (UK) and the Norwegian governments yesterday pledged to support efforts that would drive growth and development in the Nigerian oil and gas sector The two countries reiterated their commitment at the ongoing Nigerian…
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President Muhammadu Buhari may have suspended the controversial Ruga Settlement Projects following a public outcry and the seeming misconception about the Projects, an idea designed to stem the tide of herdsmen/farmers clashes across the…
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The group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday expressed optimism that the country’s oil and gas industry will continue to attract huge investments. According to him,…
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…as retirement takes effect July 7 The retiring Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru, on Tuesday, reeled out the over $8bn worth of deals currently being handled and pursued by the NNPC…
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The Nigerian National Petroleum Corporation (NNPC) has so far settled over $2 billion cash call arrears out of the $5 billion Nigeria owes joint venture (JV) partners since 2015, its Group Managing Director, Dr. Maikanti Baru, said in…
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