News

Since it was reported that Royal Dutch Shell is mulling to offer staff voluntary severance as part of measures to cut costs following the slump of oil price caused by collapse in demand as COVID-19 pandemic ravages the world, workers of…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva has described the news of the demise of the immediate past Group Managing Director of the NNPC, Dr. Maikanti Baru, as sad and shocking. Sylva, in a statement signed by…
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OPEC says the death of Dr. Maikanti Baru, former Group Managing Director of NNPC,  is a huge loss to the oil and gas sector in Nigeria. The Organisation of Petroleum Exporting Countries (OPEC), says the death of Dr Maikanti Baru, former…
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President Muhammadu Buhari has approved the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC), after the expiration of the term of the board members appointed in 2016. A statement Saturday by the Special…
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The death has occurred last night (29th May, 2020), of Dr. Maikanti Kacalla Baru, the immediate past Group Managing Director of the NNPC. He died in an Abuja hospital after a brief illness. As at the time of filing this report,…
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A British Virgin Islands-based firm allegedly paid more than US$390,000 in bribes to land a natural gas processing plant construction contract in 2009, Nigeria's Attorney-General said in a statement obtained by OCCRP and its Nigerian…
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The Minister of State for Petroleum, Timipre Sylva has announced the appointment of Dr. Ya'u Usman Idris as the Director-General of Nigeria Nuclear Regulatory Authority (NNRC). The appointment was approved by the President, Muhammadu…
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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that efforts are being intensified to achieve a Unit Operating Cost (UOC) of  $10 per barrel across upstream production by 2021. Unit…
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The Federal Government has directed the Ministries of Power, Finance, and the Bureau of Public Enterprise (BPE) to conclude the pre-engineering and concessionary financing agreement with Siemens AG, to boost power supply in Nigeria. The…
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Finally, Nigeria is on the verge of unlocking huge economic benefits arising from its natural gas endowment as OILSERV Limited massively mobilises to site. For many years, the country had been hindered by absence of gas transmission…
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