Energy articles

Baru to Pipeline Vandals: You are doing Harm to the economy

Baru to Pipeline Vandals: You are doing Harm to the economy

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru has appealed to oil pipeline hackers to desist from such nefarious act which according to him is not only harmful to the environment but equally hazardous to the pipeline vandals and the economy. Speaking while receiving a delegation of the Nigerian Environmental

NNPC pledges support for FG’s aspiration to generate 10GW of electricity

In its bid to support the Federal government’s aspiration to increase power generation to 10GW, the Nigerian National Petroleum Corporation (NNPC) has unveiled plans to expand gas generation and distribution nationwide. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this when a delegation of the Nigerian Gas Association led by its President, Engr. Dada Thomas,

We didn’t waste N11trn on power sector; we generated billion of dollars for Nigeria -Jonathan

Former President Goodluck Jonathan on Thursday refuted claims that his administration squandered N11trn on the power sector. Jonathan was reacting to a report by the Socio-Economic Rights and Accountability Project (SERAP), which alleged that the governments of former President Olusegun Obasanjo, Late Umaru Musa Yar’Adua and Goodluck Jonathan squandered N11trn on the generation of electricity.

NNPC raises alarm on recruitment scam

The Nigerian National Petroleum Corporation (NNPC) has, for the umpteenth time, reiterated that it has not launched a recruitment campaign of any kind for now. The latest clarification is coming on the heels of a fresh recruitment advert purportedly from the Corporation being circulated by e-mails and on various social media platforms. A statement by

Chad Basin ambush: we won’t chicken out of oil search – UniMaid VC

The Vice-Chancellor of the University of Maiduguri, Prof. Ibrahim Njodi has pledged the commitment of the institution to go the whole hug with the Nigerian National Petroleum Corporation, NNPC in the search for commercial hydrocarbon deposits in the Chad basin despite the recent insurgent attack. The don stated this over the weekend in Maiduguri while

EFCC quizzes MDs of Forte Oil, Oando, Total, ‘recovers’ N329bn debt

The Economic and Financial Crimes Commission (EFCC) says it recovered N328.9 billion debt after quizzing the managing directors of nine major oil companies, including Forte Oil, Oando and Total. The other companies are Conoil Plc, OVH Energy Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc. Wilson Uwujaren, EFCC spokesman, who disclosed this in

Alleged Unrecovered TSA Funds: We Have noHidden Accounts: NNPC says bank balance is $231.8m not $793.2m

The Management of the Nigerian National Petroleum Corporation, NNPC on Friday provided an informed perspective to the trending media report alleging that the Corporation colluded with some banks to prevent the remittance of $793.2m into the Treasury Single Accounts, (TSA), scheme as directed by the Federal Government. The NNPC in a release by its Group

Third man named in Diezani’s alleged $1.7 billion U.S. corruption case

Court documents filed in Houston by the US Justice Department in the assets forfeiture proceedings filed against former peyroleum minister, Diezani Alison-Madueke, and her business cronies, Kola Aluko and Jide Omokore, have revealed the third man in the $1.7 billion swindle of Nigeria. He is Igho Sanomi, one of Nigeria’s young billionaires, who owns the

NNPC Refineries meet 60% of domestic kerosene consumption -Baru

Ahead of the 2019 target date for the cessation of petroleum products importation by the Federal Government, the Nigerian National Petroleum Corporation (NNPC) has announced that its three refineries in Port Harcourt, Warri and Kaduna now supplied 60 per cent of Dual Purpose Kerosene (DPK), popularly known as kerosene, consumed in the country. Speaking at

Sam Amadi: I — not Jonathan — reversed electricity tariff

Sam Amadi, former chairman of the Nigeria Electricity Regulatory Commission (NERC), says ex-President Goodluck Jonathan did not order the reversal of electricity tariff in 2014. In the build-up to the 2015 general election, the commission announced an increase in electricity tariff, but it later suspended the action. Speaking at a public lecture in Lagos on

NNPC secures $2 billion discount on renegotiated upstream contracts

The Nigerian National Petroleum Corporation, NNPC, has secured $2billion discounts in the last one year from renegotiated Upstream contracts being executed by its various service providers. The Corporation said the feat was achieved in the quest to continually drive down the high cost of production in the industry. This was made known today by NNPC