Oil & Gas articles

NNPC records massive reduction in pipeline vandalism

NNPC records massive reduction in pipeline vandalism

The Nigerian National Petroleum Corporation (NNPC) recorded a marked reduction in the cases of pipeline sabotage. This was disclosed in the Corporation’s monthly Financial and Operations Report for the month of December 2016 which has just been released. According to the report, only 18 cases of vandalized points on downstream pipelines were recorded in November

How top NNPC officials, foreign oil companies, rip Nigeria off through refining of crude

Declining revenue from oil many not be due to the result of activities of militants in the Niger Delta alone as the Federal Government and Nigerians believe. Nigerian Times investigations show that senior officials of the state owned oil behemoth, the Nigerian National Petroleum Corporation (NNPC), have been helping themselves with proceeds from the 450,000

Malabu $1.1 billion Fraud: Shell, Eni want Nigeria’s richest oil block back

Two multinational oil firms have challenged the propriety of the Nigerian government withdrawing a major oil block from them. Shell and Eni, through their Nigerian subsidiaries, asked a Federal High Court to reverse an order that revoked the award of OPL 245 to them. Justice John Tsoho of the Federal High Court had on January

Ascribing relevance to Nigeria’s OGP National Plan

By Bob MajiriOghene Etemiku Last week, very senior officials of the Nigeria Extractive Industries Transparency Initiative, NEITI, had a very productive meeting with the newly constituted NDDC board. Four key issues emanated from a press statement released therefrom. One was the prompting from NEITI to the NDDC to carry out a corruption risk assessment to

NNPC announces measures to sustain products supply nationwide

The Nigerian National Petroleum Corporation has announced elaborate measures to sustain supply of Premium Motor Spirit, (petrol), Automotive Gas Oil, diesel, and Dual Purpose Kerosene, DPK, otherwise called kerosene, nationwide. These measures include: increasing the February supply of Premium Motor Spirit (PMS), by six additional cargoes to the existing national PMS sufficiency of over 32

NEITI/NDDC partnership. boost for transparency says ANEEJ

The Africa Network for Environment and Economic Justice, ANEEJ, has expressed delight with the recent announcement of a partnership between the Nigeria Extractive Industries Transparency Initiative, NEITI, and the Niger Delta Development Commission, NDDC, saying that it has great potential to help firm up the enthronement of transparency and accountability in the operations of the

NNPC to implement framework for greater efficiency, profitability

The Nigerian National Petroleum Corporation is set to implement a lead policy framework, the 12 Business Focus Areas (BUFA), aimed at institutionalizing efficiency, profitability and growth in the Corporation. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, stated this while receiving the reports of the eight committees mandated with

For NEITI not to be Azerbaijan

By Bob MajiriOghene Etemiku The Nigeria Extractive Industries Initiative, NEITI, has done great work since inception. In its 2014 Report, it highlighted a wide range of activities and achievements, and the feather in its cap is its endorsement by EITI as the Best EITI Implementing country in 2013. That came from assiduous work put into

128 companies bid for NNPC DSDP crude import programme, as Baru pledges to entrench accountability

No fewer than 128 Indigenous and International Oil and Gas companies have indicated interest to participate in the Nigerian National Petroleum Corporation’s (NNPC) Direct Sale of Crude Oil and Direct Purchase of Products (DSDP) programme. The DSDP arrangement is a model introduced last year and is carried out through direct sales of crude oil to

House of Representatives commends NNPC on products supply

The House of Representatives Committee on Petroleum Resources (Downstream) has commended the Nigerian National Petroleum Corporation, NNPC, for a seamless supply of petroleum products during the last Yuletide and New Year festive period. The Committee in an interactive session with top Management of the Corporation today in Abuja said that for the first time in

Suleja depot fire incident will not affect supply of petroleum products, says NNPC

The Nigerian National Petroleum Corporation, NNPC, has assured motorists and other consumers of petroleum products in the Federal Capital Territory, FCT, Niger and Nassarawa states and other parts of the country that the fire incident which affected a truck at the Suleja Depot at about 4am today would not affect adequate supply of petroleum products

Adeosun, Kyari, Kachikwu on FG’s committee to ensure fuel remains at N145/ltr

The federal government has set up a committee to see to the coordination of Petroleum Equalisation Fund (PEF), which is aimed at keeping the pump prices of petroleum products at its current prices. Keni Adeosun, minister of finance; Abba Kyari, chief of staff to the president; and Ibe Kachikwu, minister of state for petroleum resources,

Obi: When Okonjo-Iweala, Sanusi begged us to save, we sued them

Peter Obi, former governor of Anambra state, says Nigerian governors under the Goodluck Jonathan administration refused to save for a rainy day. Obi said Ngozi Okonjo-Iweala, former minister of finance, and Muhammad Sanusi II, former governor of the Central Bank of Nigeria (CBN), begged the federal government to build its savings but the governors kicked

NNPC refineries produce additional 4.6m litres of kerosene, 7.7m litres of diesel

The Nigerian National Petroleum Corporation’s (NNPC) three refineries produced additional volumes of 4.6 million litres of Dual Purpose Kerosene otherwise known as kerosene and 7.7 million litres of Automative Gas Oil otherwise known as diesel as at today (Tuesday). The Chief Operating Officer of the Refineries, Mr. Anibor Kragha made this disclosure while making a

NNPC says no product price increase, warns against panic buying

The Nigerian National Petroleum Corporation wishes to enjoin motorists in Abuja and its environs, and indeed the federation, not to engage in any panic buying of petroleum products. NNPC assures motorists that the Corporation has 1.3billion litres stock of PMS, otherwise called petrol, which is sufficient to serve the nation for more than 38 days.

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