Nigeria exports N2.1trillion petroleum products in Q2

Nigeria exports N2.1trillion petroleum products in Q2

The Federal Government  exported not less than  N2.1trillion  petroleum products in the  second quarter of this year (2015). Information put together by  the National Bureau of Statistics (NBS) explained that  this represents a 73.7 per cent of the value of...
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NNPC cancels  crude oil delivery contract  to refineries

NNPC cancels crude oil delivery contract to refineries

AS part of measure to boost operational efficiency, the  Nigerian National Petroleum Corporation (NNPC) has cancelled contracts for supply of  crude oil to refineries. In a statement issued by General Manager, Group Public Affairs Division, Ohi Alegbe, NNPC ...
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DPR clampdown on NNPC petrol station, others over alleged under-dispensing

DPR clampdown on NNPC petrol station, others over alleged under-dispensing

The Department of Petroleum Resources (DPR) has shut down 16 stations in different parts of Lagos including Nigeria National Petroleum Corporation (NNPC) outlets over alleged underdispensing of products. DPR discovered that instead of the N87 per litre on thei...
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Total suspends expedition of crude

Total suspends expedition of crude

CITING  oil spill and fresh excavation on the pipeline’s right of way, the management of Total  Exploration and Production Nigeria Limited  has stopped the expedition of crude on its Obagi-Rumuekpe 12 oil export pipeline. In a statement signed by its...
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Buhari directs NNPC to partner indigenous oil and gas firms

Buhari directs NNPC to partner indigenous oil and gas firms

President Muhammadu Buhari has assured indigenous companies operating in Nigeria’s oil and gas sector of the full support and protection of his administration. At a meeting with members of the Independent Petroleum Producers Association in the Presidential V...
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NNPC probes oil contracts

NNPC probes oil contracts

THE Federal Government through  Nigerian National Petroleum Corporation (NNPC)  has commenced review of  all Production Sharing Contracts, Joint Venture Agreements and all other contracts between it and its various partners. Meanwhile, the NNPC is to meet t...
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Banks confisticates states’ bailout funds

Banks confisticates states’ bailout funds

The Governor of Zamfara State, Abdualziz Yari, has said the $2.1 billion dividend paid into the Federation Account by the Nigeria Liquefied Natural Gas Company (NLNG), which the Federal Government used to bail out debtor- states, were seized by some banks...
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PENGASSAN seeks payment of cash call areas on JV funding

PENGASSAN seeks payment of cash call areas on JV funding

THE Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has  called on the Federal Government to put machinery in place for the payment of cash call in the Nigerian National Petroleum Corporation (NNPC) Joint Venture (JV) operations with...
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NLNG train 7 targets 2018

NLNG train 7 targets 2018

BARRING any last minutes change of plans, the Nigerian Liquefied Natural Gas (NLNG) train 7 may come on stream in 2018. The NLNG is jointly owned by the Nigeria National Petroleum Corporation (NNPC), 49 per cent, Shell (25.6 per cent),...
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PENGASSAN disagrees with El-Rufai’s clamour for disbanding of NNPC

PENGASSAN disagrees with El-Rufai’s clamour for disbanding of NNPC

THE Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has faulted call by the Kaduna State Governor, Mallam Nasir El-Rufai, for the scrapping of the Nigerian National Petroleum Corporation (NNPC). Reacting to  the Governor’s comment ...
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NLNG train 7 targets 2018

NLNG train 7 targets 2018

BARRING any last minutes change of plans, the Nigerian Liquefied Natural Gas (NLNG) train 7 may come on stream in 2018. The NLNG is jointly owned by the Nigeria National Petroleum Corporation (NNPC), 49 per cent, Shell (25.6 per cent),...
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