NNPC declares N5.20bn trading surplus in August
The Nigerian National Petroleum Corporation (NNPC) said it made ₦5.20billion trading surplus for the month of August, reflecting an increase of 22 per cent compared with the ₦4.26 billion surplus posted in July. The corporation disclosed this in its Monthly Financial and Operations Report (MFOR) for the month of August released in Abuja on Sunday. […]
Amendment of Deep Offshore Act long overdue – NNPC chief
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, said on Tuesday the amendment of the Deep Offshore (and Inland Basin Production Sharing Contract) Act is long overdue. Kyari also allayed the fears of International Oil Companies (IOCs) operating in Nigeria that the NNPC was committed to pushing legislation that […]
NNPC secures $1.16m grant from USTDA for 1,350mw power plant
The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has secured a $1.16 million grant from the United States Trade and Development Agency, USTDA, being part funding for the 1,350 megawatts, MW, electricity NNPC-Abuja Independent Power Project, IPP.
Govt. officials conniving with pipeline vandals must be sanctioned, prosecuted — Lawan
The President of the Senate, Sen. Ahmad Lawan, on Tuesday, said officials of government conniving with criminals involved in vandalising oil pipelines should be prosecuted if identified.
NNPC to pay N8.14bn damages to firm over failed contract
The Supreme Court on Tuesday upheld its earlier judgment, ordering the Nigerian National Petroleum Corporation (NNPC) to pay $22.6 million (N8.1billion) in damages to BCE Consulting Engineers over a failed Consultancy Service Contract. The NNPC through its counsel had approached the apex court and asked for a review of the July 5 judgment over an […]
Armed robbers murder guard after removing his teeth in Ondo
Sources said that the bandits were furious when they could not get cash from all the rooms searched on arrival at the station and vent their anger on the deceased by forcefully removing his teeth before he was shot at close range.
NNPC saves over $3bn from arbitrations
The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has saved over $3 billion from arbitrations.
DAPPMAN faults NNPC’s sole importation of petroleum products
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) says the Nigerian National Petroleum Corporation (NNPC) should not be the sole importer of petroleum products, as this has negatively impacted the industry.
NNPC sets deadline for accurate crude oil, fuel consumption data
THE Nigerian National Petroleum Corporation, NNPC, said within the next 90 days, Nigerians would be able to know the actual volume of crude oil produced in the country, and the actual quantity of petroleum products imported the country.
NNPC signs MoU with Russian oil company, Lukeoil MoU — Presidency
Nigeria and Russia on Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukeoil to elevate the commercial relationship to a government-to-government backed partnership.
Court halts NNPC ongoing job recruitment
The Federal High Court sitting in Abuja has ordered the suspension of Nigeria National Petroleum Corporation (NNPC) ongoing job recruitment pending the determination of a suit filed by one Mr Pelumi Olajengbesi.
Pollution: N’Delta fishermen to convert fish farms to oil bunkering camps —Militants
By Emma Amaize – Yenagoa A militant group, 21st Century Youths of Niger Delta and Agitators with Conscience, has said that some fishermen affected by massive pollution of rivers and lands, which has made the fishing business no longer lucrative at several riverine communities in the oil-rich region were turning their fish farms to crude […]
Armed robbers behead police sergeant in Ilorin
By Demola Akinyemi – Ilorin Dare-devil armed robbers on Saturday night attacked Nigerian National Petroleum Corporation (NNPC) mega station along Asa dam road in Ilorin, the Kwara state capital and among other officers beheaded a police sergeant who was on duty. The area has therefore been thrown into panic as residents now live in fear […]
NNPC discovers crude oil, gas in Northern Nigeria
By Michael Eboh The northern part of Nigeria has joined the league of oil-producing regions, as the Nigerian National Petroleum Corporation (NNPC) Friday announced that it has discovered crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe states. In a statement in Abuja, the NNPC, disclosed […]
Peacemaker in OML 25 dispute closure agreement
A bitter and prolonged disagreement between host communities in the island Kingdom of Kula and Shell Petroleum Development Company, SPDC, operators of the Oil Mining Licence, OML 25 has been amicably resolved by the Group Managing Director, GMD of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari.
BREAKING: NNPC discovers crude oil, gas in Northern Nigeria
By Michael Eboh The northern part of Nigeria has joined the league of oil-producing regions, as the Nigerian National Petroleum Corporation, NNPC, Friday, announced that it has discovered crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe states. In a statement in Abuja, the NNPC, disclosed […]
