Oil& Gas
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Nigeria in more trouble; NNPC writes AG says no contributions to FAAC for April, May
The Nigerian National Petroleum Corporation has written to the Accountant-General of the Federation, raising the alarm that it recorded a…
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DPR says Thirty-two refinery project licences now invalid
Thirty-two refinery project licences issued to private investors in the country have become invalid in the past three years, according…
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Port Harcourt Refinery to gulp $1.5billion
The Federal Executive Council’s weekly meeting presided over by the President, Major General Muhammadu Buhari (retd.), on Wednesday approved the…
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There is no increase in pump price of PMS- PPPRA
The Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA, ), Abdulkadir Saidu, says media report suggesting an increase…
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NNPC defends N966bn expenditure on pipeline repairs
Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015. NNPC stated this…
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Port Harcourt Refinery, two others record N6 billion operational expenses without production
A recent report released by the Nigerian National Petroleum Corporation, NNPC, reveals that without production, the three national refineries recorded…
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Oil Spills: Dutch court orders Shell to pay Nigerian farmers
A Dutch court has ordered the Nigerian subsidiary of Shell to pay compensation over oil spills in Nigeria’s Niger Delta,…
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Host communities kick against proposed privatisation of NNPC
The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has faulted Federal Government’s proposal to unbundle the Nigerian National…
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NNPC to raise about $1 billion in a prepayment to refurbish Port Harcourt Refinery
The Nigerian National Petroleum Corporation (NNPC) is in talks to raise about $1 billion in a prepayment with trading firms…
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Rivers State Govt acquires SPDC 45% interest in Oil Mining Lease (OML) 11
Rivers State Governor, Nyesom Wike, has announced that the Rivers State Government has fully acquired Shell Petroleum Development Company of…
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