Rather being the one owing the federation, the Nigerian National Petroleum Corporation (NNPC) says the government was indebted to the corporation to the tune of N170.6 billion in outstanding subsidy payments that accrued between January 2006 to December, 2015. [...]
Petrobarometer
Crude oil export revenue by Nigerian National Petroleum Corporation (NNPC) fell sharply by one-half in November 2017 to $113.97 million. [...]
Nigeria struggled to meet its 2017 oil production target of 2.3mbpd and missed revenue projections for the year's budget but militant attacks are not solely responsible for the cuts, TheCable Petrobarometer can report. [...]
Men of the Niger state command of the Nigeria Security and Civil Defence Corps (NSCDC) have seized eight trucks laden with a total of 469,000 litres of Premium Motor Spirit, commonly known as petrol. [...]
Despite the litany of court cases surrounding the award of the juicy deepwater OPL 245, the two principal stakeholders in the acreage, Anglo/Dutch firm Shell and Italian oil giant Eni, are proceeding with the development of the main oil field already discovered in the block. [...]
The Nigerian National Petroleum Corporation (NNPC) said on Tuesday it was inching closer to finalising the financing for the major rehabilitation of its four refineries, as the corporation battles to increase local production and supply of petroleum products amid the continued shortages. [...]
The Nigerian National Petroleum Corporation (NNPC) says it will build more depots for petroleum products across the country. [...]
The Nigerian National Petroleum Corporation (NNPC) says it has released 250 trucks of petrol to Lagos metropolis to combat scarcity. Ndu Ughamadu, the corporation’s spokesman, made this known in an interview with NAN on Sunday. He said there has been a slight change in the distribution network in Lagos, as the state is currently being supplied by members of the Major Oil [...]
The Nigeria Extractive Industries Transparency Initiative (NEITI) says the passage of the petroleum industry governance bill (PIGB) will bring about professionalism and accountability in the oil sector. In a statement on Sunday, Orji Ogbonnaya Orji, its director of communications and advocacy, the organisation commended the senate and the house of representatives for passing the bill into law. Prior to its passage, the [...]
Nigerian oil producing company Shoreline Natural Resources has signed an agreement with international energy and commodity trading group, Vitol, for a $530 million to fund the development of Nigerian onshore oil block OML 30. [...]
Yakubu Dogara, speaker of the house of representatives, has asked President Muhammadu Buhari to, as a matter of urgency, sign into law the petroleum industry governance bills (PIGB) passed by the lower legislative chamber when it is harmonised with the senate and transmitted to him. The green chamber passed the legislation on Wednesday. Dogara said the new legislation will be transmitted to the president [...]
Supply and distribution of premium motor spirit (PMS), commonly known as petrol, has risen by 50 percent over the past four months, according to federal government statistics. [...]
Crude oil export revenue reached the highest mark in 13 months at the end of September 2017 but continued importation of petroleum products is sapping much of the earnings, NNPC’s oil and gas report for the month of October has shown. [...]
Advertisement
