By Obas Esiedesa WITH Nigeria’s oil production restricted to 1.74 million barrels per day by the Organization of the Petroleum Exporting Countries, OPEC, the Nigerian National Petroleum Corporation (NNPC) says it will focus on increasing gas and condensate productions to boost revenue for the country. The Corporation’s Group Managing Director, Mallam Mele Kyari who disclosed […]

By Udeme Akpan, Energy Editor With the outbreak of the Coronavirus pandemic, and lockdown, economic activities contracted significantly, leading to low demand for crude oil and dwindling prices, thus putting pressure on oil and gas companies and other stakeholders to put on their thinking caps, required to drive operations. Take the Mallam Mele Kyari-led Nigerian […]

By Sonny Atumah Nigeria’s President Muhammadu Buhari, last week, commissioned the Nigeria Petroleum Development Company, NPDC Integrated Gas Handling Facility in Ologbo, Edo State. The Liquefied Petroleum Gas plant that receives gas from the Oredo Field, estimated to be the largest onshore plant in Nigeria is to process wasted or flared gas to produce several […]

By Obas Esiedesa Nigeria will from January 1, 2021 come under obligation to make terms of contracts entered into in the oil and gas, and solid minerals sectors available to citizens in line with a new standard by the Extractive Industries Transparency Initiative (EITI). Under the 2019 EITI Standard, implementing countries are required to disclose […]

The year 2020 is a year like no other. A year that threw up a health challenge which brought the whole world to its knees. The coronavirus pandemic precipitated the lockdown of social and economic activities across the world, displacing the fortunes of many nations and businesses with the Oil and Gas Sector not being […]

Malam Mele Kyari, the Group Managing Director, Nigeria National Petroleum Corporation (NNPC) says the new Oredo Integrated Gas Handling Facility (IGHF) will boost the establishment of Small and Medium Enterprises (SMEs) through improved power supply to the immediate environment. Kyari spoke on Tuesday in Oredo, Edo, during the inauguration of the 200-million cubic litre capacity […]

8 others ongoing; NLNG’s payment issue to be resolved soon By Michael Eboh The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved. In a statement in Abuja, NEITI, also noted that […]

Says no cause for alarm By Prince Okafor As a move to control the gas pipeline breakage along Lagos-Ibadan Expressway, the Nigerian National Petroleum Corporation (NNPC) has isolated and depressurized the pipeline. This came even as the corporation assured of safety around the scene of the gas pipeline rupture. The gas pipeline breakage which occurred […]

*Says no cause for alarm By Udeme Akpan The Nigerian National Petroleum Corporation (NNPC) has commenced the rehabilitation of the broken gas pipeline along Lagos-Ibadan Expressway. In a statement obtained by Vanguard, the NNPC spokesperson, Dr Kennie Obateru, urged members of the public to go about their duties normally as all safety measures have been […]

By Levinus Nwabughiogu – Abuja Senate on Tuesday directed the Nigerian National Petroleum Corporation (NNPC) to prioritize enlarging the capacities of Indigenous shipping firms and also patronize them to save Nigeria of the $120 million annual loss to foreign companies in the shipment of petroleum products. This was a decision reached by the Senate Committee […]