NNPC/FIRST E&P JV Finalize $724m Schlumberger Oil Finance Deal
One year after signing the tripartite term sheet for the financing and technical services arrangement between NNPC/FIRST E&P JV and Schlumberger for the Anyalu and Madu fields under Oil Mining Licence, OML 83 and OML 85, offshore Nigeria, a final nod was given to the package over the weekend in London with the execution of the final contractual agreement.
NNPC rejects Falana’s request for fuel importation information
THE Nigerian National Petroleum Corporation, NNPC, has declared that it has no obligation to respond to the Freedom of Information, FoI, request made by human rights lawyer, Mr. Femi Falana(SAN), on fuel importation and sundry matters.
Fuel under-recovery rises by 192% to N46bn in January — NNPC
The Nigerian National Petroleum Corporation, NNPC, incurred N45.783 billion as under-recovery on Premium Motor Spirit, PMS, also known as petrol, in the month of January 2018, according to data obtained from the corporation.
NNPC denies N36bn compensation to P’Harcourt refinery’s host community
The Nigerian National Petroleum Corporation, NNPC, Sunday, denied approving N36 billion compensation, as royalty to Alesa-Eleme community for playing host to one of its subsidiaries, Port Harcourt Refining Company, PHRC.
NNPC x-rays long-term survival options
The Management of the Nigerian National Petroleum Corporation (NNPC) is fine-tuning strategies to enhance its position as a fully integrated national energy company, ready to prosper despite the changing dynamics of the global Oil and Gas Industry.
NNPC denies non-remittance of revenue to Federation Account
The Nigerian National Petroleum Corporation, NNPC, Thursday, said that it has been faithfully remitting all revenues accruing to it to the Federation Account.
NNPC targets full implementation of 2018 budget
The Nigerian National Petroleum Corporation, NNPC, Friday, said it has introduced measures to ensure the full and effective implementation of its 2018 budget.
NNPC, NAOC to boost power supply by 500MW
The Nigerian National Petroleum Corporation, NNPC, yesterday, said it would implement the Okpai Phase 2 Project along with its Joint Venture partner, Nigeria Agip Oil Company Limited (NAOC), to boost Nigeria’s current power generating capacity by 500 megawatts.
NNPC casual staff accuse mgt of enslavement
CASUAL staff of the Port Harcourt Refining Company, PHRC, Warri Refining and Petrochemical Company, WRPC and the Kaduna Refining and Petrochemical Company, KRPC, have accused the management of Nigeria National Petroleum Company, NNPC of “continuous enslavement” despite their contributions the country’s refineries.
States should determine oil subsidy, not NNPC—Govs
ABUJA—GOVERNORS of the 36 states of the federation, yesterday said that states should be saddled with the responsibility of determining how much should be paid as subsidy by the federal government.
NEC orders NNPC, NPDC, FIRS, Customs, others to refund N8trn unremitted fund
THE National Economic Council, NEC, Thursday, directed the federal government revenue agencies like the Nigeria National Petroleum Corporations, NNPC, Nigerian Petroleum Development Companies, NDPC, Nigerian Custom Service, Nigerian Ports Authority among others to refund N526 billion and $21 billion which is about N8 trillion that was under-remitted to federation account.
NNPC seeks cut in duration, split of oil licenses
Abuja—The Nigerian National Petroleum Corporation, NNPC, yesterday, called for a downward review of the duration of petroleum licences as stipulated in the draft Petroleum Industry Administrative legislation, PIAB, currently before the National Assembly.
Govs allege fraud in NNPC, want tracking devices on fuel trucks
THE Governors Wednesday night expressed displeasure over the handling of affairs at the Nigerian National Petroleum Corporation, NNPC, alleging fraudulent practices.
NNPC engages 50 firms to lift crude
The Nigerian National Petroleum Corporation, NNPC, has awarded a two-year crude oil lifting contract to 50 companies.
NNPC crude oil marketing Chief appointed Nigeria’s OPEC representative
The Nigerian National Petroleum Corporation (NNPC) says its Group General Manager, Crude Oil Marketing Division, Mallam Mele Kyari has been appointed Nigeria’s National Representative to the Organisation of Petroleum Exporting Countries (OPEC).
FAAC: We’ve kept up with $5.1bn JV cash call repayment plan — NNPC
The Nigerian National Petroleum Corporation, NNPC, said yesterday it had so far kept to the terms of the agreement on the $5.1 billion repayment plan entered into with international oil companies in respect of the Joint Venture Cash Call, JVCC.
