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The Nigerian National Petroleum Corporation (NNPC) yesterday said the only permanent end to fuel scarcity in the country is investment in downstream infrastrcuture. Its Chief Operating Officer, Downstream, Engr. Henry Ikemefuna…
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From Right: Executive Secretary, NCDMB, Engr, Simbi K. Wabote, outgoing GMD, NNPC, Maikanti Baru and incoming GMD, NNPC, Mele Kolo Kyari with other invited dignitaries observing the National Anthem during the (just…
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The Lagos State Emergency Management Agency has said two people have been confirmed dead and 30 vehicles burnt in the Ijegun, Lagos pipeline explosion. The spokesperson for the agency said the total loss would be determined at the end…
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International oil companies’ bosses and their joint venture partner, the NNPC, on Wednesday backed a key reform policy contained in the Petroleum Industry Governance Bill (PIGB) that seeks to create a single regulator for the petroleum…
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The Nigerian National Petroleum Corporation (NNPC) will revamp the refineries  to improve fuel demands across the country, its Group Managing Director, Mr Mele Kyari, has said. He spoke at the sidelines of the 176th Meeting of…
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Smugglers of Premium Motor Spirit, popularly known as petrol, smuggle the commodity to as far as Burkina Faso, Mali and Cote d’Ivoire, the Nigerian National Petroleum Corporation stated on Wednesday. The NNPC also stated that the…
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Gas producers in the country have said power generation companies owe them a total of N1.3tn for the supply of the fuel to power stations. The nation generates most of its electricity from gas-fired power plants, while output from…
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The Department of Petroleum Resources (DPR) says it is currently working towards reducing barriers to entry, regulatory transaction cost to help create conducive business environment. The acting director, DPR, Mr. Ahmed Rufai Shakur,…
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Oil investors moved out about $15 billion raked in from the 2015 Joint Ventures (JV) assets divestment in Nigeria. Indigenous oil producers, who bought the assets, gave this hint yesterday at the on-going Nigeria Oil and Gas Conference…
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The United Kingdom (UK) and the Norwegian governments yesterday pledged to support efforts that would drive growth and development in the Nigerian oil and gas sector The two countries reiterated their commitment at the ongoing Nigerian…
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