NNPC – Page 6 – City Business News

July 10, 2021 No Responses

Profile Of NLNG New CEO, Philip Mshelbila

The Board of Directors, Nigeria LNG Limited (NLNG) on Friday, July 9, 2021 announced the appointment of Dr. Philip Mshelbila as successor to Engr. Tony Attah, Managing Director and Chief Executive Officer. Dr. Philip Mshelbila will resume as the NLNG CEO...

July 7, 2021 No Responses

Crude Oil Rises Further

Oil prices rose slightly on Tuesday after the previous day’s rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off, but concerns that members may start to increase production capped gains.According to ...

July 6, 2021 No Responses

TotalEnergies Explains $60b Investments In Nigeria

Deputy Managing Director, Deep water District. TotalEnergies, Mr Victor Bamidele, on Monday said the company has invested over$60 billion in exploration and other projects in Nigeria. Speaking at the Ongoing Nigeria Oil and Gas (NOG) Conferen...

July 3, 2021 No Responses

Kano, NNPC, GACN Seal MoU On Gas Project

Kano State Government on Friday signed a Memorandum of Understanding (MoU) with the Nigeria National Petroleum Corporation (NNPC) and Gas Aggregation Company Nigeria (GACN) Limited on the Ajaokuta-Kaduna-Kano (AKK) pipelines gas project. Spea...

June 22, 2021 No Responses

Court Orders Mobil, NNPC To Pay N82b To Akwa Ibom Communities

The Federal High Court, Abuja, has ordered Mobil Producing Nigeria Unlimited and the Nigerian National Petroleum Corporation (NNPC) to pay the oil communities in Ibeno Local Government Area of Akwa Ibom State a cumulative damages of N81.9 billion ove...

June 15, 2021 No Responses

PDP Governors Task NNPC, NIMASA, FIRS, Others On Transparency

The PDP Governors’ Forum has advised revenue generating agencies in the country, to be more transparent in their operations as well as in their contributions to the federation account.The forum said this in a communiqué at the end of its...

June 12, 2021 No Responses

FG Signs Brass Petroleum Products Terminal Agreement

The Federal government has signed shareholders agreement on construction of Brass Petroleum products Terminal Limited ( BPPT) to help curb illegal refining and stabilise products pricing in the Niger Delta region. Chief Timipre Sylva, Minister of s...

June 1, 2021 No Responses

NNPC To Acquire Equity In Six Private Refineries

By citybusinessnews@yahoo.com — The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which ...

April 24, 2021 No Responses

Buhari Restores Ownership Of OML 123, Others To NNPC

President Muhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the Nigeria National Petroleum Corporation (NNPC) which is in production sharing contract with Addax Petroleum. Addax Petroleum is wholly owned by Gove...

March 13, 2021 No Responses

IPMAN To Members: Revert To Old Price Of N170

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the South East zone to revert to the old price of N170 and N175 per litre. Mr Chinedu Anyaso, Chairman of IPMAN Enugu Community Depot in charge...

March 1, 2021 No Responses

NNPC Cautions Against Panic Buying

The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor Spirit (PMS) also known as petrol, saying it has no plan to increase the ex-depot price in March. In a statement issued by its spokesman,....

January 15, 2021 No Responses

96 Firms Bid For Rehabilitation Of NNPC’s Downstream Infrastructure

No fewer than 96 companies have indicated interest in the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure. The public opening of the bid was held virtually in Abuja, on Thursday. The Managing Director of the N...

September 23, 2020 No Responses

Local Content: NNPC Seeks Capacity Upgrade for Indigenous Operators

In order to achieve the target of reducing the cost of oil production in Nigeria on a sustainable basis, the Nigerian National Petroleum Corporation (NNPC) says indigenous companies operating in the nation’s oil and gas sector must upscale their capacity...

September 19, 2020 No Responses

NNPC Shortlists 78 Firms For Pipelines Rehabilitation

The Nigerian National Petroleum Corporation (NNPC) has shortlisted 78 companies to bid for the rehabilitation of oil pipelines and deport infrastructure across the country. The News Agency of Nigeria (NAN) recalls that over 300 companies applied thro...