Using contractor-financing model, NNPC set to name refineries’ renewal bid winners
The Nigerian National Petroleum Corporation (NNPC) has given fresh indications that strong arrangements are in top gear to meet the national target of ending fuel import come 2019. Speaking as a special guest of honour at the Offshore Technology Conference…
NPDC to become Nigeria’s leading daily oil producer, builds 330,000mtpd gas plant
One of the subsidiaries of Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC), is set to deepen daily production of crude oil to half a million barrels to assume the plum position of the country’s leading producer….
Ghana Oil Company Ltd jumps profit to 21%, pushes up earnings per share to 0.167
Ghanaian leading indigenous oil marketing company (OMC), just like the Nigerian National Petroleum Corporation (NNPC) known as Ghana Oil Company Limited (GOIL) had paid a total sum of GH¢1.128 billion to the government of Ghana in taxes and levies in…
Payment on fuel subsidy rising as petrol landing cost hits N190 on high crude prices
There are strong indications that the Nigerian National Petroleum Corporation (NNPC) may have to find additional funding to keep maintaining the pump price of fuel at N145 considering the rising oil price which has been pushing up petrol landing cost….
Ghana Gas value chain now ready for seamless supplies to investors
Even though Ghana still imports gas via the West African Gas Pipelines from Nigeria, indications have emerged that the Ghana Gas Company (GGC) internalized government’s efforts at synchronizing all activities across the gas value chain. This is coming barely one…
NNPC silent on exploring oil in Anambra, Ebonyi, restarts search in Benue trough
Barely one week after the federal government confirmed Anambra State as oil producing state following the delineation and resting of the controversial contiguous border issues with Kogi State which had been hanging for years, the Nigerian National Petroleum Corporation (NNPC)…
Consortium of oil field investors led by Chevron grows social investments to over N8.4b
One of the leading companies owned by Chevron, the Star Deepwater Petroleum Limited and all the parties in the Agbami Field including the Nigerian National Petroleum Corporation (NNPC), Statoil Nigeria Limited, Famfa oil Limited and Petroleo Brasileriro Nigeria Limited have…
BudgIT queries NNPC’s manner of managing N1.4tn yearly subsidy in 36 months
Leading Information Technology (IT) group, BudgIT has raised questions on why the federal government, through the Nigerian National Petroleum Corporation (NNPC) has not been able to give concise details on the amount so far spent on subsidy in 2016, 2017…
Chevron, Statoil in US Court with NNPC over $1bn excess receipts on Agbami OML 128
Two strategic international oil companies (IOCs) operating in Nigeria, Chevron and Statoil, have dragged the federal government via the Nigerian National Petroleum Corporation (NNPC) to a United States of America’s court over claims of overpayments on OML 128, Agbami field….
8 months after, FG yet to locate any new oil, gas investment in S-South, S-East
In its August 2017 meeting hosted by the Governor of Rivers State, Nyesom Wike, the South South/South East Governors Forum called for location of investment in the oil and gas sector in the regions. in unison, all the state chief…
