News

-By Kenny Folarin The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has reaffirmed its commitment to partner government at all levels to combat adulteration of petroleum products. National President of NOGASA Mr.…
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The Nigeria National Petroleum Corporation, NNPC, has sharply raised January official selling prices, OSPs, for Bonny Light to dated Brent plus 251 cents from plus 128 cents in January, and Qua Iboe crude oil to plus 266 cents from 150…
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ExxonMobil Nigeria upstream affiliate, Mobil Producing Nigeria (MPN), operator of the Nigerian Petroleum Corporation (NNPC/MPN) joint venture, has contributed in excess of N160 billion to the Niger Delta Development Commission (NDDC),…
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-By Kenny Folarin The Federal High Court in Abuja has sentenced the Director General of the Bureau of Public Enterprise, BPE, Mr Alex Oko, to 30 days imprisonment for allegedly disobeying court order in implementing the Share…
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-By Kenny Folarin The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has tasked members of the Petroleum Technology Association of Nigeria (PETAN) on focusing more on gas development and…
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The House of Representatives Wednesday mandated its committee on petroleum resources (downstream) to investigate allegations of alleged withholding of N1.343 trillion internally generated revenue by the Petroleum Products Pricing…
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Indigenous oil and gas companies have accessed 70 per cent of the Nigerian Content Development Monitoring Board, NCDMB’s, $200 million local content fund. This was revealed by the Board’s General Manager, Corporate Communications and…
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The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, yesterday in Abuja, received a delegation of the key top management of Seplat Petroleum Development Company Plc. The delegation led by the Chairman of…
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The three refineries owned by the Federal Government lost a total of N111.27bn from January to September this year, the Nigerian National Petroleum Corporation said in its September report. The refineries posted a loss of N96.31bn in…
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The Honourable Minister of State for Petroleum Resources Chief Timipre Sylva, received today, the British High Commissioner to Nigeria, Catriona Liang in Abuja, Nigeria. She was accompanied by Stuart Tibbs (Senior Economic Advisor,…
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