Oil & Gas articles

Osinbajo meets with Kachikwu, Baru ‘over joint venture cash call’

Osinbajo meets with Kachikwu, Baru ‘over joint venture cash call’

Vice-President Yemi Osinbajo on Wednesday met with Ibe Kachikwu, minister of state for petroleum resources, and Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC) at the presidential villa in Abuja. Addressing state house correspondents at the end of the meeting, Kachikwu said issues around oil fields as well as the opening

Kachikwu’s Abuja house catches fire

The private residence of Ibe Kachikwu, minster of state for petroleum resources, caught fire on Sunday evening, TheCable understands. The house is located in Asokoro, Abuja. The fire started in his bedroom as a result of a suspected electrical fault to the air conditioners, sources in the know said. “Kachikwu was not at home when

$25 billion claims in Kachikwu’s memo fabricated – Osinbajo

The Vice President, Yemi Osinbajo, on Sunday pushed back against allegations of contract infractions raised by the Minister of State for Petroleum, Ibe Kachikwu, saying the $25 billion the minister stated in his leaked memo to President Buhari “does not exist.” The vice-president said the Nigerian National Petroleum Corporation only conducted a shortlisting process for

$25bn contract award: NNPC replies Kachikwu, says allegations baseless

The Nigerian National Petroleum Corporation on Monday responded to allegations of breach of due process and insubordination levelled against its Group Managing Director, Dr. Maikanti Baru by Dr. Emmanuel Kachikwu, Minister of State for Petroleum Resources. The corporation in a statement signed Ndu Ughamadu, its Group Public Affairs Manager, described the allegations as baseless. It

Senate probes NNPC GMD Baru over allegations of corruption, insubordination

Nigerian Senate on Wednesday set up an ad-hoc committee to carry out “holistic investigation” into allegations of corruption against Maikanti Baru, the Group Managing Director, GMD, of the state oil firm, NNPC.‎ The Senate also charged the nine-member committee to investigate a letter written by the Minister of Petroleum, Ibe Kachikwu, to President Muhammadu Buhari

FOR THE RECORDS: Kachikwu’s letter to Buhari on NNPC chief Baru

The Minister of State for Petroleum, Ibe Kachikwu, has reported the Group Managing Director of the NNPC, Maikanti Baru, to President Muhammadu Buhari, urging him to take urgent actions on matters ranging from alleged illegal practices to insubordination. Mr. Kachikwu said he found it pertinent to call the attention of the president to his misgivings

I was offered millions of dollars to kill PIGB, says chairman, senate committee on petroleum

Omotayo Alasoadura, chairman, senate committee on petroleum resources (upstream), says he was offered millions of dollars to scuttle the petroleum industry governance bill (PIGB). Speaking after he received a letter of commendation from the correspondents chapel of the Nigeria Union of Journalists (NUJ) in Akure, the Ondo state capital, he said members of the committee

NNPC to fast-track local capacity development in oil industry

The Nigerian National Petroleum Corporation (NNPC) will accelerate local capacity development in all its operations within the nation’s Oil and Gas industry. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this while delivering a keynote address during an occasion to mark the Egina Manifold Sail Away celebration in Port Harcourt on Tuesday. In crude oil

NNPC, ExxonMobil fine tune strategy for improved production

The Nigerian National Petroleum Corporation (NNPC) and its upstream joint venture partner, ExxonMobil, are seeking new measures to expand existing operational portfolio with a view to increasing crude oil production and availability of gas for power generation. Speaking in Abuja after a meeting with a high-powered ExxonMobil delegation led by Mr. Jack Williams, Senior Vice-President

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