Category: Energy

NNPC lifts ban on 113 oil tankers
September 11, 2015 No Responses

NNPC lifts ban on 113 oil tankers

The Nigerian National Petroleum Corporation has lifted ban on 113 vessels from engaging in crude oil/gas loading activities. In a letter dated September 8, 2015 NNPC explained that President Muhammadu Buhari had approved the consideration of all incoming ships subject...
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NNPC unveils agenda for new refineries
September 10, 2015 No Responses

NNPC unveils agenda for new refineries

The Nigerian National Petroleum Corporation (NNPC) has unveiled agenda for new refineries as part of measures to enhance performance in the oil sector. Speaking with Journalists in Kaduna after inspecting Kaduna Refining and Petrochemical Company, the Group Ma...
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NNPC to recover N1.5trillion over-deducted tax benefits from firms
September 7, 2015 No Responses

NNPC to recover N1.5trillion over-deducted tax benefits from firms

THE Federal Government through the Nigerian National Petroleum Cooperation (NNPC) has announced plans to recover $7billion (N1.5trillion) in over-deducted tax benefits from joint venture partners on major capital projects. NNPC has also appointed an accounting...
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Warri refinery gets 90-day Ultimatum
September 4, 2015 No Responses

Warri refinery gets 90-day Ultimatum

THE Nigerian National Petroleum Corporation (NNPC) has challenged the management of Warri Refining and Petrochemicals Company (WRPC) to commenced full production within 90 days. Group Managing Director of NNPC, Dr. Ibe Kachikwu, who gave the ultimatum during ...
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NNPC refutes agenda to sell refineries
September 3, 2015 No Responses

NNPC refutes agenda to sell refineries

The Nigerian National Petroleum Corporation (NNPC) has denied any agenda to  sell existing  refineries. However, NNPC clarified that it may consider encouraging  joint venture investments in the facilities. In a statement, the Group Managing Director of the...
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NNPC to tackle oil theft with drones
September 2, 2015 No Responses

NNPC to tackle oil theft with drones

Nigeria National Petroleum Corporation (NNPC) has announced plans to deploy drones to monitor the movement of oil bearing vessels across the nation’s waterways. The Group Managing Director of NNPC,  Dr. Ibe Kachikwu, explained that from June 2014 to June 20...
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Nigeria exports N2.1trillion petroleum products in Q2
September 1, 2015 No Responses

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...
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NNPC cancels crude oil delivery contract to refineries
August 27, 2015 No Responses

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
August 22, 2015 No Responses

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
August 20, 2015 No Responses

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
August 20, 2015 No Responses

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
August 17, 2015 No Responses

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
July 30, 2015 No Responses

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
July 28, 2015 No Responses

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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