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The Nigerian National Petroleum Corporation (NNPC) remitted N161.8 billion to the Federation Account in May, the latest figures from the national oil company indicated at the weekend. The N161. 8 billion remitted by the corporation in…
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Crew members kidnapped in early July in a pirate attack on the BW Offshore-owned FPSO Sendje Berge have been released. The pirate attack happened on 2 July 2020 some 30 nautical miles southwest from Bonny Island, Nigeria. Nine…
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The federal government has said disclosed that the proposed construction of a shipyard in Brass Island, Bayelsa State for the maintenance and repair services of cargo vessels, oil tankers and Liquified Natural Gas (LNG) carriers, would…
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The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, on February 10, 2920, launched the National Gas Transportation Network Code. It would he recalled that the launching which was done as part of the opening…
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From quiet skies over Europe to sparse traffic in America’s biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus. That poses a particularly delicate challenge for the OPEC cartel and its…
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The Nigerian National Petroleum Corporation (NNPC) has said that it raked in N92.58 billion from the sale of white (refined) products in the month of May, 2020. A statement by its Group General Manager, Dr. Kennie Obateru, the…
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After spending N101.65 billion as subsidy on Premium Motor Spirit (PMS), also known as petrol, in the first three months of 2020, the Nigerian National Petroleum Corporation (NNPC) recorded zero subsidy figures for April 2020. According…
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President Muhammadu Buhari has approved the establishment of a Judicial Commission of Enquiry to investigate the alleged financial impropriety and mismanagement of recovered assets levelled against the suspended Acting Chairman of the…
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Obrikom community in Ogba/Egbema/Ndoni LGA of Rivers State, has called out for government’s intervention following an oil spill from a facility operated by the Nigerian Agip Oil Company, NAOC. According to the community, the oil spill…
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The Management teams of Kaduna Electric and Kaduna Refining and Petrochemicals Company (KRPC) have reached an agreement to connect KRPC to the national grid. This followed the signing and exchange of contract documents which held at the…
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