Oil & Gas articles

Fuel Queues: Baru skips award ceremony in London, rushes back home

Fuel Queues: Baru skips award ceremony in London, rushes back home

In a bid to salvage the fuel supply and distribution challenges witnessed in some parts of the country due to panic buying from motorists, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kachalla Baru, Tuesday, cut short his trip to London. Dr. Baru, who was billed to receive the Forbes

NNPC justifies 2.3mbpd for 2018 budget

The Nigerian National Petroleum Corporation (NNPC) has said the Federal Government’s 2.3 million barrels per day crude oil projection for the 2018 Budget is achievable and realistic. Group General Manager, Corporate Planning and Strategy, Mr. Bala Wunti, made this submission on Monday during a presentation to the House of Representatives Joint Committee on 2018-2020 Medium

NNPC, Kebbi State partner on 84 million litres of fuel-ethanol project

As part of efforts to transform the Nigerian National Petroleum Corporation (NNPC) into an integrated energy company, the Corporation has signed a Memorandum of Understanding (MoU) with the Kebbi State Government to build an 84 million litres per annum capacity fuel-ethanol project. Speaking during the signing of the MoU between the NNPC and the Kebbi

Baru splashes cash on NNPC quiz winners, charges them to reach for greater heights

The 2017 edition of the NNPC National Quiz Competition ending in Abuja on Tuesday with the corporation’s Group Managing Director, Dr. Maikanti Baru, charging the contestants to use the opportunity presented by the participation in the competition to develop themselves as the next generation of Nigeria’s leaders. The grand finale, which held at the amphitheatre

Baru bags engineering fellowship, calls for revamp of steel sector

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that Nigeria fervently looked up to the Nigerian Metallurgical Society (NMS) to assist in salvaging the country’s steel industry, noting that the sector was critical to the nation’s industrial revolution. Dr. Baru who stated this while speaking at the

NNPC to begin oil exploration in Nasarawa

Oil search in the nation’s inland basins received a fresh impetus following the commencement of exploration activities in the Benue Trough by the Nigerian National Petroleum Corporation (NNPC). Group Managing Director of the Corporation, Dr. Maikanti Baru, announced this development during a visit to the Governor of Nasarawa State, Alh. Umaru Tanko Almakura in Lafia

Go! Kachikwu Go!

By Israel Okenwa The Scripture as rendered in that immutable chapter (3:1-8) in the Book of Ecclesiastes resonates supremely in my subconscious as I struggle to rationalize and contextualize the ragging ‘’$25 billion’’ NNPC contract imbroglio. The Chapter counsels that indeed ‘’There is an appointed time for everything. And there is a time for every

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