News

President Muhammadu Buhari has approved the 2019 operational budget of the Nigerian National Petroleum Corporation (NNPC), the Group Managing Director of e state oil company, Dr. Maikanti Baru, disclosed Wednesday. Although Baru did not…
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To further deepen the fight against fraudulent activities in the extractive industry, particularly in the oil and gas sector, the Nigeria Extractive Industries Transparency Initiative on Tuesday held a meeting with officials from…
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Nigerian independent Seplat Petroleum Development could be in the hunt for fresh acreage in the West African oil producer, with both onshore and offshore tracts of interest. The London and Lagos-listed player is open to…
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The Nigerian National Petroleum Corporation (NNPC) has expressed its preparedness to build additional Independent Power Plants (IPP) in Abuja, Kaduna and Kano which is expected to add 4,0000 megawatts of power to stabilise the national…
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NNPC moves against fraudulent oil marketers, seizes N771m assets The Nigerian National Petroleum Corporation, NNPC, Tuesday, stated that together with the country’s anti-corruption agencies and the Department of State Security Services,…
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OVH energy marketing Limited has announced its acquisition of brand new aircraft fueling bowsers as part of its expansion plans to deepen its service offerings in providing fueling solutions to players in the aviation industry. …
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The Secretary of Rivers State petroleum taskforce, Ihunwo Obi Wali has advised the Nigerian Navy and other security agencies against burning of vessels loaded with illegal petroleum products. Mr Ihunwo made the observations while…
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Data from the Nigerian National Petroleum Commission, NNPC, suggest that Nigeria is losing billions of naira on a monthly basis, due to the inability of the country’s refineries to function optimally. According to the NNPC, its…
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The US regulatory investigation into Glencore’s activities in Nigeria and Venezuela is focused on agreements to secure oil supplies for its trading arm, according to the company’s annual report. The Swiss-based group was ordered in…
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A local official says all of the more than 50 people reported missing after an explosion in southern Nigeria early Friday have now been accounted for. The Nembe Chiefs Council spokesman, Chief Nengi James-Eriworio, tells The…
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