Oil & Gas articles

NNPC assures on petroleum products supply nationwide

NNPC assures on petroleum products supply nationwide

The Nigerian National Petroleum Corporation (NNPC) has allayed fears of possible hiccups in petroleum products supply in parts of the country following an ultimatum issued by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) over a purported intervention by an arm of the security agencies in what the union viewed as purely labour

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

Oil spill: Bayelsa community protests, accuses Shell of neglect

The people of Bakiri community in Ekeremor Local Government Area of Bayelsa State have embarked on a peaceful demonstration against the alleged neglect and indifference by an oil major, Shell Petroleum Development Company. The indigenes lamented that over two months since oil spill from the oil multinational’s pipeline polluted their creeks, the company had yet

PIB: NNPC recommends splitting of petroleum licences

The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry Administrative legislation currently before the National Assembly. In a presentation at the Public Hearing organized by the House of Representatives Committee on the Petroleum Industry Administrative Bill (PIAB), Petroleum

INVESTIGATION: Cartels, empty stations and dashed hopes in the quest for kerosene

Driving through the dusty, uneven and untarred roads filled with brick red sand and pot holes as deep as craters, Mosimi, in the Sagamu area of Ogun state, seems like a million miles away. Navigating sharp bends on winding roads, driving slowly behind heavily loaded trucks and maneuvering between oil-bearing tankers is a travelers’ nightmare

OTC no longer jamboree says Baru

The Group Managing Director of the Nigeria’s National Petroleum Corporation, (NNPC), Dr. Maikanti Baru said Nigeria’s participation at the annual Offshore Technology Conference (OTC) in Houston, Texas, United States of America, had grown from mere jamboree-like activity in the 1990’s to a fully-fledged engagement where indigenous oil services companies parade their competencies and proven job

Tinubu, Adenuga, Elumelu, others own 49 expired oil block licences — Investigation

Nigerian billionaires, international oil companies and other operators have been identified as owners of the 49 oil block licences some of which expired since 2010. Our correspondent gathered that nine Oil Mining Leases (six of which are currently producing) and 40 Oil Prospecting Licences, many of which were awarded during the administration of President Olusegun

Trump berates OPEC for ‘artificially’ high oil prices — and Barkindo responds

US President Donald Trump has accused the Organisation of Petroleum Exporting Countries (OPEC) of “keeping oil prices artificially very high.” In tweet, Trump said the cartel’s pricing cycle “will not be accepted” as there is no scarcity of oil supply to warrant such “high prices.” Looks like OPEC is at it again. With record amounts

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