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Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has denied knowledge of reports that oil giant, ExxonMobil, “is set to leave Nigeria.” The minister spoke with correspondents yesterday during the opening of 2019 Nigeria Oil…
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A cargo of Nigeria’s distillate-rich Bonga crude is due to move to the United States (U.S.) from the May loading programme, traders have disclosed, after a near six-month hiatus. According to U.S. Customs data, the last cargo of Bonga…
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The Group General Manager, Public Affair Division, NNPC, Ndu Ughamadu was quoted by The Cable to have confirmed that the recruitment advertisement on its portal was genuine. He said, “The portal was opened today and I have received…
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Group Managing Director of the Nigeria National Petroleum Corporation, (NNPC), Dr. Maikanti Baru, has said oil exploration in the North would continue until the commodity is found, TheSun reports. Baru said this would enable the…
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It will be recalled that the Independent Petroleum Marketers Association (IPMAN) had, said plans were underway to increase the pump price of petrol above the current N145. Speaking with journalists at the pavilion of the NNPC during the…
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Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu admitted that reducing oil production to the quota assigned by OPEC is a challenge, not least because of the start of production at the Egina oil field. The offshore field will have a…
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The Executive Board of the International Monetary Fund (IMF) has concluded its Article IV consultation with Nigeria and called for the removal of fuel subsidy. According to a statement by the fund, this afternoon, in place of fuel…
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The non passage of the Petroleum Industry Bill (PIB) has been identified as the sole reason delaying the review of the Production Sharing Contracts (PSCs) with oil companies, Managing partner, J.O Adidi and Co., John Adidi, has said. …
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Seplat Petroleum Development Company Plc, has urged the public and private sectors to invest more in research and development aimed at promoting safety. The oil company noted that such investments should cut across the various sectors…
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Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has assured the Federal Government that oil workers may not embark on another round of industrial action if the plans by the Nigerian National Petroleum Corporation…
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