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Tag "Nigerian National Petroleum Corporation"

Nembe oil spill: We’ve finally put out the wellhead leak, says Aiteo

    Nembe oil spill: We’ve finally put out the wellhead leak, says Aiteo

Aiteo, operator of oil mining lease (OML) 29, says it has finally put out the leak on its Santa Barbara wellhead in Nembe, Bayelsa state. The wellhead is a joint

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Effects of the petroleum industry act

    Effects of the petroleum industry act

BY SALISU NA’INNA DAMBATTA The petroleum industry act (PIA) 2021 which has lingered for around 20 years as it went through the process of enactment is now being assiduously implemented

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‘It was like Hiroshima site’ — Ikeazor seeks stiff penalties for oil companies after Nembe spillage

    ‘It was like Hiroshima site’ — Ikeazor seeks stiff penalties for oil companies after Nembe spillage

Sharon Ikeazor, minister of environment, says oil spillage in the Niger Delta region caused “massive” devastation to the communities, describing it as a Hiroshima site.  Hiroshima is a city in

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PPMC: Petrol subsidy will escalate to N3tn annually under current market conditions

  PPMC: Petrol subsidy will escalate to N3tn annually under current market conditions

The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), says the annual subsidy on

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FULL LIST: FEC approves NNPC’s request to fix 21 federal roads at N621bn

  FULL LIST: FEC approves NNPC’s request to fix 21 federal roads at N621bn

The federal executive council (FEC) has approved N621.2 billion for the Nigerian National Petroleum Corporation (NNPC) to take over the

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Report: Former BP staff claims oil contracts bribe used to fund Nigeria’s 2019 elections

  Report: Former BP staff claims oil contracts bribe used to fund Nigeria’s 2019 elections

Jonathon Zarembok, a former BP staff member, alleges that bribery for oil contracts from Nigerian National Petroleum Corporation (NNPC) was

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Despite N287bn profit, NNPC’s liabilities exceeded assets by N4.6trn in 2020

  Despite N287bn profit, NNPC’s liabilities exceeded assets by N4.6trn in 2020

The Nigerian National Petroleum Corporation (NNPC) has published its audited financial statements (AFS) for 2020, declaring N287 billion profit —

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FACT CHECK: Did NNPC make first profit in its 44-year history as claimed by Buhari?

  FACT CHECK: Did NNPC make first profit in its 44-year history as claimed by Buhari?

On August 26, 2021, President Muhammadu Buhari announced what was regarded as unprecedented: that the Nigerian National Petroleum Corporation (NNPC)

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‘You made our day’ — reps satisfied with Mele Kyari’s clarification on revenue projection for NNPC

  ‘You made our day’ — reps satisfied with Mele Kyari’s clarification on revenue projection for NNPC

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), has received accolades from the house of representatives

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