Energy articles

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

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

NLC kicks against FG’s proposed N38 bailout for DISCOs

The Nigeria Labour Congress (NLC) on Tuesday faulted the Federal Government’s decision to offer N38 billion bailout to electricity distribution companies for procurement of pre-paid metres describing the move as ill-conceived. The labour union said it was wrong of the Muhammadu Buhari administration to offer a lifeline to the DISCOs when there are no visible

NNPC alerts on activities of international oil fraudsters

The Nigerian National Petroleum Corporation (NNPC) has raised the red flag on the activities of con men who specialize in circulating phantom letters of crude oil allocation with the intent of defrauding unsuspecting would-be buyers or members of the public. Speaking at the presentation of commendation letters to 12 staff of the Crude Oil Marketing

Baru to Pipeline Vandals: You are doing Harm to the economy

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru has appealed to oil pipeline hackers to desist from such nefarious act which according to him is not only harmful to the environment but equally hazardous to the pipeline vandals and the economy. Speaking while receiving a delegation of the Nigerian Environmental

NNPC pledges support for FG’s aspiration to generate 10GW of electricity

In its bid to support the Federal government’s aspiration to increase power generation to 10GW, the Nigerian National Petroleum Corporation (NNPC) has unveiled plans to expand gas generation and distribution nationwide. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this when a delegation of the Nigerian Gas Association led by its President, Engr. Dada Thomas,

We didn’t waste N11trn on power sector; we generated billion of dollars for Nigeria -Jonathan

Former President Goodluck Jonathan on Thursday refuted claims that his administration squandered N11trn on the power sector. Jonathan was reacting to a report by the Socio-Economic Rights and Accountability Project (SERAP), which alleged that the governments of former President Olusegun Obasanjo, Late Umaru Musa Yar’Adua and Goodluck Jonathan squandered N11trn on the generation of electricity.

NNPC raises alarm on recruitment scam

The Nigerian National Petroleum Corporation (NNPC) has, for the umpteenth time, reiterated that it has not launched a recruitment campaign of any kind for now. The latest clarification is coming on the heels of a fresh recruitment advert purportedly from the Corporation being circulated by e-mails and on various social media platforms. A statement by

Chad Basin ambush: we won’t chicken out of oil search – UniMaid VC

The Vice-Chancellor of the University of Maiduguri, Prof. Ibrahim Njodi has pledged the commitment of the institution to go the whole hug with the Nigerian National Petroleum Corporation, NNPC in the search for commercial hydrocarbon deposits in the Chad basin despite the recent insurgent attack. The don stated this over the weekend in Maiduguri while

EFCC quizzes MDs of Forte Oil, Oando, Total, ‘recovers’ N329bn debt

The Economic and Financial Crimes Commission (EFCC) says it recovered N328.9 billion debt after quizzing the managing directors of nine major oil companies, including Forte Oil, Oando and Total. The other companies are Conoil Plc, OVH Energy Plc, Mobil Plc, MRS Oil Plc, and NIPCO Oil Plc. Wilson Uwujaren, EFCC spokesman, who disclosed this in

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