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Bribery scandal rocks Belemaoil’s planned exploration in Ogoni’s OML 11

belemaoil P

At a time there are insinuations that the pace of ongoing environmental cleanup scheme in Ogoniland is too slow, another crisis of confidence is brewing in the embattled community of ...

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NNPC board to decide fate of refineries revamping financiers this month—Baru

NNPC Maikanti Baru

The renewed drive to raise the productivity of all four national refineries is getting the best attention. This is coming from the latest hint dropped by the Nigerian National Petroleum ...

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Just in: Ijegun residents in Lagos scamper for safety over diesel inferno

Tank fire real

A tanker with 33,000 litres of diesel felled to bad road and went up in flames in a sleepy residential area of Ijegun near Navy Town, Ojo area of Lagos ...

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Shell puts down $70b to buy smaller rival BG Group

Shell logo

Leading global oil conglomerate, Royal Dutch Shell is set to buy smaller rival BG Group for $70 billion. Analysts say if the deal scales through, it will become the first ...

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FOB Vs. CIF: Can any crude buyer allow NNPC to determine delivery vessel?

nnpc

Whereas Nigerian ship owners’ have lauded moves by the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Maritime Administration and Safety Agency (NIMASA) to incorporate them into the business of ...

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NNPC relying on establishment Act to void NASS resolutions —Investigation

NNPC 101

Simply because there are some provisions of the Act establishing the Nigeria National Petroleum Corporation (NNPC) , that suggest independent powers to decide payment of oil subsidy which are yet ...

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When will illegal refineries become legal as Navy destroys 150 in 7 months?

Prof Ayade

Recently, the Governor of Cross River State, Prof Ben Ayade opened up on what can be adjudged as official economic development delay of some regions as he decried the silence ...

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Chaos, weak administrative structure frustrating oil licensing rounds—Egbogah

NNPC 101

The Chairman of Emerald Energy Resources and former Special Adviser to the President on Petroleum Matters from 2007 to 2010, Dr. Emmanuel Egbogah, has given an insights into why Nigeria ...

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Nigeria ups oil output from 1.785mbpd in Nov. to 1.861mbpd last month—OPEC

OPEC Ibe kachukwu

If the recent threats of the Niger Delta Avengers’ (NDA) fails, the rising trend of Nigeria’s oil output may hit over 2mbpd and that will result in both gains and ...

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NNPC changes plan, engages original builders to revamp 4 refineries

An indication that the Nigerian National Petroleum Corporation (NNPC) may have dumped its earlier gigantic, but well criticized plot to bleed away about $1,8bn in the Turnaround maintenance (TAM) of ...

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