Trial continued in an Italian court on Wednesday over the controversial $1.3 billion OPL 245 deal between Shell, Eni-Agip and Malabu in 2011, with a star witness alleging that Eni-Agip officials knew that bribes would paid to Nigerian politicians.Vincenzo Armanna, former Eni manager and defendant in the corruption trial, also informed the court that Mohammed Bello Adoke, former Nigerian attorney-general, told [...]
Petrobarometer
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Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), says he would work towards getting the nation's four refineries working at optimal performance by 2023. [...]
Maikanti Baru, immediate past group managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says he has sacrificed 45.6% of his terminal benefit for the corporation's pensioners.Speaking at his valedictory speech in Abuja, on Monday, Baru said he lost N1.5 million to the deliberate sacrifice.He commended the efforts of other officers who worked with him during his tenure.Commending Isiaka [...]
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President Muhammadu Buhari has appointed Thomas John as acting alternate chairman of the Nigerian National Petroleum Corporation (NNPC) Governing Board. [...]
The Nigerian National Petroleum Corporation (NNPC) says it will resume oil search in the Chad Basin as soon as it receive security clearance. [...]
President Muhammadu Buhari has appointed Mele Kyari to head the Nigerian National Petroleum Corporation (NNPC).This is the second appointment the president will be making since his inauguration in May.Kyari, who is the current group general manager, crude marketing division, will assume office as NNPC GMD on July 7.He will replace Maikanti Baru, the current GMD who was appointed in July [...]
Nigeria made about N85 trillion ($236.2 billion) from oil between 2014 and 2018, the 54th edition of Annual Statistical Bulletin by the Organisation of Petroleum Exporting Countries (OPEC), has revealed. [...]
Oil theft has replaced the activities of militants, costing the nation trillions of naira, according to a report by Bloomberg. [...]
The Department of Petroleum Resources (DPR) has revoked five oil mining licences (OML) and one oil prospecting licence (OPL) belonging to five companies.In a public notice issued on Thursday, the regulatory body said the revocation was based on a presidential directive to "recover legacy debts" owed by the companies operating the licences.The five companies affected are Pan Ocean Oil Corporation [...]
In the last four years and even as far back as one would want to go, Nigeria’s oil and gas industry has been an unending subject of controversy as it has been the nation’s cash cow for decades. [...]
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