Oil & Gas articles

Senate uncovers another $1.15bn withdrawal from NLNG accounts by NNPC

Senate uncovers another $1.15bn withdrawal from NLNG accounts by NNPC

The Senate Committee on Gas on Wednesday said it has uncovered a fresh illegal withdrawal of $1.15 billion from the dividends accounts of the Nigerian Liquefied Natural Gas by the Nigeria National Petroleum Corporation, Premium Times has reported. The new revelation is different from the $1.05 billion which the Group Managing Director of the NNPC,

Documents show Buhari’s govt. illegally diverted N378billion NLNG dividend

The federal government illegally diverted $1.05 billion (N378 billion at N360 to a dollar) sourced from the Nigerian Liquefied Natural Gas (NLNG) dividend funds to secretly fund subsidy payment on petroleum products, a report by PREMIUM TIMES has revealed. The diversion details are coming amidst revelations from accusations the Nigerian National Petroleum Corporation (NNPC) has a $3.5

NNPC disowns alleged $3.5bn Subsidy Fund; Baru briefs Senate committee on operations of $1.05bn Inter-Agency National Fuel Support Fund

The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja denied the existence of an alleged $3.5bn subsidy slush fund for underhand payments of differentials in the pump price of petrol by the corporation. In a presentation to the Senator Ahmad Lawal-led Senate Ad Hoc Committee saddled with the task of investigating the existence of the

PDP accuses Buhari of fleecing Nigerians, says Atiku’ll reduce price of petrol

The Peoples Democratic Party (PDP) says its Presidential candidate, Atiku Abubakar, has worked out a pricing template that will immediately crash the pump price of fuel in the country, since the President Muhammadu Buhari-led All Progressives Congress (APC) administration, in its insensitivity, has failed to do the needful in the last three years. The PDP

NNPC dismisses reports of cash gift to Buhari’s campaign as “Political Hallucination”

The Management of the Nigerian National Petroleum Corporation (NNPC) on Friday distanced its Group Managing Director, Dr. Maikanti Baru, from an alleged cash transfer to the President Muhammadu Buhari Campaign Organization for the purpose of funding the media/publicity leg of the exercise. The NNPC in a statement by its Group General Manager, Group Public Affairs

NNPC cautions petroleum products consumers against mishandling of products

As the dry season draws near in the Country, the Nigerian National Petroleum Corporation (NNPC) has warned petroleum products consumers across the nation against mishandling of white products. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release Wednesday in Abuja, stated that experience had shown that commuters stock petroleum products

NNPC, China sign agreement on Oilfield Services, Research & Dev’t

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) in China with the China National Offshore Oil Corporation (CNOOC) towards developing Nigeria’s oilfield services as well as boosting research and development in the oil and gas industry. The MoU signing, the third in the series within the week, by the NNPC

NNPC disowns trending phoney recruitment exercise

The Nigerian National Petroleum Corporation (NNPC) has disowned a recruitment advertisement currently trending in the social media. The advertisement, set in NNPC’s corporate colour with its logo and a corporate picture, sets candidates’ entry requirements to include: Master’s degree, Bachelor’s degree, Higher National Diploma (HND) and National Diploma. A release by the NNPC Group General

Hiccups in power generation not due to drop in gas supply-NNPC

The Nigerian National Petroleum Corporation (NNPC) on Wednesday emphasized the availability of enough gas for power generation noting that the recent drop in electricity generation was as a result of some factors outside its control. The NNPC stated that as critical partners in the electricity generation matrix, it is willing to work with other stakeholder

Baru charges AKK pipeline project financiers on timely delivery

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru in Dubai, United Arab Emirates directed the Chinese Consortium and the NNPC Project Team on the Ajaokuta-Kaduna-Kano (AKK) Pipeline Project to ensure timely finalization of the term sheet for the project’s contractor financing agreement. The Chinese consortium is made up of Bank

Leave us out of your political bickering NNPC tells NASS

The Management of the Nigerian National Petroleum Corporation (NNPC) has distanced the national oil company and its Group Managing Director, Dr. Maikanti Baru from the ongoing political tango in the National Assembly and the trending reports in some section of the media insinuating that the Corporation’s helmsman had doled out funds to effect the impeachment

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