Abuja- The Group Managing Director (GMD) of NNPC, Mr Austen Oniwon, says the corporation is targeting the refining of at least 700 million barrels of crude per day (mbd) to bridge the gap between domestic consumption of petroleum products and supply.

AS the oil and gas sector in the country eagerly awaits the passage of the Petroleum Industry Bill, PIB, the Federal Government has announced that with the passage of the bill, oil producing communities will begin to receive over $600 million as annual dividends, just as the Presidency urged the National Assembly to ensure the enactment of the PIB before the end of the present administration in May.

power outage at the International Conference Centre, Abuja, cut short the proceedings of the opening ceremony by President Goodluck Jonathan, of Nigeria’s biggest industry annual exhibitions yesterday.

SHELL Nigeria Exploration and Production Company, SNEPCo, operated Bonga Floating, Production, Storage and Offloading, FPSO vessel is scheduled to shut down for 4 weeks for the first of a 5 yearly routine maintenance exercise.

ABUJA – The preferred bidder for the Transmission Company of Nigeria, TCN, Management Contract held in 2007, Power Grid of India, has announced its readiness to take over the management of the electricity transmission system of the country.

THE Olorunsogo power plant in Ogun State, that was handed over to Chinese by the Federal Government on Tuesday (a public holiday), has been shut down by aggrieved workers of the Power Holding Company of Nigeria, PHCN, who yesterday locked out the Chinese from the plant.

The Federal Government has approved extension, by three weeks, of the deadline for the submission of Expressions of Interest, EOIs, for the successor companies created out of the Power Holding Company of Nigeria, PHCN to Friday, March 4.

The implementation of the Nigerian Oil and Gas Industry Content Development (NOGIC) Act is geared towards establishing facilities in Nigeria and ensuring that they are patronized so as to bring Nigerian jobs back home.

SAN RAMON, Calif.,– Chevron Corporation yesterday announced the signing of a memorandum of understanding, MoU, between the United States Agency for International Development (USAID) and the Niger Delta Partnership Initiative (NDPI) Foundation, established by Chevron to help address socio economic challenges in the Niger Delta region of Nigeria.

Port Harcourt – THE Niger Delta Development Commission has engaged no fewer than 65 youths of the region in the flag off of the NDDC Petroleum Engineering/ Drilling Graduate Training Programme for indigenes of the Niger Delta. There were over 5,000 applicants for the training programme.