Over half of nation’s daily oil production lost to militancy—Minister
Contrary to speculations that attacks on oil installations have waned, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has traced loss of more than 54 per cent of crude oil to attacks and pipeline vandalism in oil communities….
Fresh indices point to chances of selling nonperforming refineries by NNPC
The growing show of poor performance by refurbished refineries has become a leeway for the Nigerian National Petroleum Corporation (NNPC) to continue to press for their sales to private operators. Latest monthly oil and gas sector report has shown that…
20-year gas sale aggregation deal with Total, others’ll grow domestic use
Energy analysts have started weighing the imports of the recent pact sealed between the Nigerian National Petroleum Corporation (NNPC), Total Exploration and Production Nigeria, Gas Aggregation Company of Nigeria (GACN) and Greenville LNG Limited on the 20-year Gas Sale Aggregation…
Oil fields bid: Issues that suffered during Buhari’s vacation receive attention
More issues that tactically suffered official attention while President Muhammadu Buhari was away on medical vacation are beginning to receive treatment. Just as the report on the embattled Secretary to the Federal Government (SFG), David Lawal, was the first to…
Need for review of fine on gas flaring reechoes as FG loses N96bn in 5 months
Africa Environmental & Economic Peace Mission (AEEPM), weekend said it may approach a Federal High Court to seek for immediate review of the nation’s penalty regime on gas flaring. This is in response to the recent revelation of an estimated…
Shell still occupied as NNPC, IOCs join forces against oil, gas sabotage
Even though community members of Kula and Belema oil communities are still playing hostage to Shell facility in their domain in Rivers State since last week, the Nigerian National Petroleum Corporation (NNPC) has said it is working closely with international…
Two new private refineries coming in Rivers, Delta states this year—NNPC
Two consortia, LRR Group and JALEMBA Group are currently applying finishing touches and documentation ahead of take off of construction activities for their private refineries in both Rivers and Delta states before the end of the year. The two refineries…
Community youths occupying Shell platforms at heavy safety risk—Shell
The continued occupation of Royal Dutch Shell facility by hundreds of protesters from the Kula and Belema communities in Rivers state since August 11 has been described by Shell as the height of self inflicted risk. The company also revealed…
NNPC claims crashing production cost from $78 in 2015 to $23/barrel now
… saves minimum of $3billion per annum Barely one week after the Minister of State for Petroleum Resources announced that cost of oil production is getting out of hand and Nigeria may dump the industry if it persists, the Nigerian…
NNPC, marketers douse fears of fuel price hike
To douse fears of possible increase in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, the Nigerian National Petroleum Corporation (NNPC) and marketers in the downstream oil sector have said there are no plans for that…
