NNPC

Buhari sets up committee to revisit $57 oil benchmark

Buhari sets up committee to revisit $57 oil benchmark

—C’ttee to assess impact of Coronavirus on 2020 budget By Johnbosco Agbakwuru ABUJA—-PRESIDENT Muhammadu Buhari on Monday set up a committee to assess the impact of the ravaging Coronavirus on the economy especially the 2020.budget. The committee is saddled with the responsibility of revisiting the crude oil benchmark price of $53 per barrel used to […]
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Abule Egba explosion: Sanwo-Olu seeks NNPC support

Abule Egba explosion: Sanwo-Olu seeks NNPC support

By Olasunkanmi Akoni Lagos State Government has said it would be meeting with the management of Nigeria National Petroleum Corporation (NNPC) to find a way of paying compensation for victims of the January 19 pipeline fire in Abule Egba, area of the state in which several buildings and properties worth millions of naira destroyed in […]

‘NNPC records 45,347 pipeline breaks in 18 yrs’

‘NNPC records 45,347 pipeline breaks in 18 yrs’

In the wake of the dastard act that threw major parts of Lagos into mourning Sunday evening, the Nigerian National Petroleum Corporation (NNPC) has revealed that the numbers of pipeline breaks in the last 18 years are 45, 347. The Group Managing Director of the NNPC, Malam Mele Kyari, who released the figures, also emphasised […]

UPDATED: 2 die in Abule Egba pipeline explosion (VIDEO)

UPDATED: 2 die in Abule Egba pipeline explosion (VIDEO)

Several properties gutted By Olasunkanmi Akoni There is a raging fire at one of the Nigeria National Petroleum Corporation, NNPC, pipelines at Ekoro, Abule Egba area of Lagos State. Several properties were said to have been consumed. Preliminary investigation revealed that the inferno was as a result of pipeline vandals who burst one of the […]

NNPC, Supreme Court ruling and frustration of BCE consultants

NNPC, Supreme Court ruling and frustration of BCE consultants

SOMETIME in or around 1998, the Nigerian National Petroleum Corporation, NNPC, advertised for provision of consultancy services for the Bonga Oil Field Development Project which constituted the first major offshore Deep-Water Development Projects in Nigeria. BCE Consulting Engineering, of which I am the chief executive, applied for the provision of the services and after series of interviews, stages and demonstrations of the firm’s financial capacity to render the requisite services in respect of the Bonga Development Project, it was duly appointed to offer the services to the Bonga Field Development.

FOI violation: MRA slams N15 million suit against NNPC

FOI violation: MRA slams N15 million suit against NNPC

Media Rights Agenda (MRA) has slammed a N15 million suit against the Nigerian National Petroleum Corporation (NNPC) over alleged consistent breaching of the Freedom of Information Act, 2011. MRA, in a statement issued on Wednesday by Mr Idowu Adewale, its Communications Officer, said NNPC violated its statutory duties under the FOI by denying access to […]

Navy arrests foreigners in crude oil siphoning sites in Lagos, Ogun

Navy arrests foreigners in crude oil siphoning sites in Lagos, Ogun

By Kingsley Omonobi – Abuja. Troops of the Nigerian Navy confronting pipeline vandals and oil thieves in the country have dismantled over 300 illegal crude oil siphoning g sites in Ogun and Lagos states even as some foreign collaborators without genuine documentation were also arrested. According to the Navy, this was achieved following clearance operation […]

FG spent N55.5bn to subsidise petrol in December 2019

FG spent N55.5bn to subsidise petrol in December 2019

Fuel subsidy averages N31.4/litre By Michael Eboh The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, spent N55.58 billion to subsidise Premium Motor Spirit, PMS, also known as petrol, in December 2019, according to data obtained, yesterday, from the Petroleum Products Pricing Regulatory Agency, PPPRA, the Nigerian petroleum downstream sector regulator. According to PPPRA’s […]

James Ibori’s ordeal: More enlightenment for ICPC’s Prof Owasonoye

James Ibori’s ordeal: More enlightenment for ICPC’s Prof Owasonoye

Phone calls have poured in asking if  ICPC’s Chairman, Prof Bolaji Owasononye has replied to my offering of 30th November titled, “Ibori’s Corruption Trial Ordeal; Enlightenment for ICPC Chairman.” My reply: “he is a busy man, we should give him time.”

12 years after: NNPC, Shell, Total, other multinationals announce FID for NLNG Train 7 Project to raise gas output

12 years after: NNPC, Shell, Total, other multinationals announce FID for NLNG Train 7 Project to raise gas output

The Nigerian National Petroleum Corporation (NNPC) and shareholders of the Nigeria LNG Limited which include Shell, Total and Eni on Friday announced the Final Investment Decision for the take-off of Train 7 Project of the NLNG. The Train 7 project, which would deliver a significant local content in construction, production of cables, welding, valves, scaffolding, […]

NNPC, Chevron sign agreements over EGTL Project

NNPC, Chevron sign agreements over EGTL Project

The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed agreements over the multi-billion dollars Escravos Gas-to-Liquid (EGTL) project.

Nigeria’s oil, gas export sales surge by 52.84% in one month — NNPC

Nigeria’s oil, gas export sales surge by 52.84% in one month — NNPC

The Nigerian National Petroleum Corporation (NNPC) has announced crude oil and gas export sale of $355.93million in September 2019, indicating a significant increase of 52.84 per cent, compared to the August, 2019 figure of $232.87million, a release by the corporation’s Acting Group General Manager, Group Public Affairs Division, Mr. Samson Makoji, has said.

NNPC pipeline explosion scare stirs panic in Isheri-Olofin

NNPC pipeline explosion scare stirs panic in Isheri-Olofin

By Olasunkanmi Akoni Barely 15 days after fire gutted Isheri-Olofin community where a life was lost, men of the Lagos State Fire Service and other emergency responders raced to the community again on Saturday morning following a fresh fire outbreak scare. The fire alert by residents was, however, discovered, on getting to the site to […]

NNPC adopts new strategy to deal with pipeline vandalism

NNPC adopts new strategy to deal with pipeline vandalism

The recurring pipeline vandalism, which has done a lot of damage to both the Nigerian environment and the economy at large, may be a thing of the past, if the recent involvement of host communities by the Nigerian National Petroleum Corporation, NNPC, is anything to go by.