News

ExxonMobil, one of the largest oil and gas producers in Nigeria, with 106 operated platforms has concluded it plans to exit the country after its acquisition of “oil and gas resources, spreading across more than 1.7 million acres” located…
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The dispute between management and employees of Chevron Nigeria Limited (CNL), over poor welfare and unwarranted workers sack has worsened. Chevron employees under the aegis of Petroleum and Natural Gas Senior Staff Association of…
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…Accuses security agents of aiding illegal oil bunkering The Independent Petroleum Marketers Association of Nigeria, IPMAN, has announced plans to collaborate with Six Division of the Nigerian Army, Port Harcourt, in the fight against…
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...Set for 1m-man march to protest crude oil theft A group known as Partner For Petroleum and Energy Sector Prosperity Initiative (P-PESPI) has called on President Buhari to urgently escalate his intervention to stop criminals to…
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…Gnerates N51m, spends N11.768bn on maintenance ...Corporation declares N13.23bn trading surplus The Nigerian National Petroleum Corporation (NNPC) recorded a whopping N123.251 billion deficit on refineries between January and…
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The Federal Government is looking to further develop marginal oil fields across the country through the establishment of modular refineries that can refine crude oil in smaller volumes. The Minister of State for Petroleum Resources,…
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• Records 81% drop in vandalism The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.23 billion in October 2019, representing an increase of 54 per cent vis-à-vis the ₦8.59billion surplus posted in…
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The Minister of State for Petroleum Resources, Timipre Sylva, said on Wednesday the review of the Petroleum Industry Bill (PIB) is now at an advanced stage and the bill would be passed by the middle of this year. Sylva stated this in a…
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On 18th December 2019, Minister of State for Petroleum Resources, Chief Timipre Sylva, briefed the State House Correspondents as regards the country’s petroleum industry immediately after the weekly Federal Executive Council (FEC) meeting,…
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