Ghana’s oil and gas sector leads Nigeria, others in resource governance ranking
Being one of the latest entrants to the world of oil and gas exploration as a nation in Africa failed to make Ghana the least in the2017 Resource Governance Index (RGI). Rather, the new report averred that Ghana has a…
‘Lack of clear incentives for prospective investors’ frustrating modular refineries idea’
Apart from mere granting of licences, industry experts have started advising the government to go beyond issuance of licences to provision of attractive incentives to prospective investors in the new idea of modular refineries. Many of the experts said it…
Sabotage of pipelines in S’East causing supply shocks in four zones—NNPC
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has traced poor supply of petroleum products to the entire South-East, and partly in the North-Central and North-East to rising breaches and incessant vandalism of the Aba-Enugu products’…
NNPC turns to private sector investors for funding, begins refineries TAM in Q2
Having studied the body language of federal lawmakers in delaying possible approval for the release of about $1.8bn, originally calculated as the total sum needed for the fixing of all four national refineries’, the Nigerian National Petroleum Corporation (NNPC) has…
Gas flaring in N’Delta to drop this year as NNPC begins partnership in gas dev
There are facts on ground to believe that the total volume of natural gas flared by oil and gas companies in the country which rose by 17.46 per cent year-on-year to 287.59 billion standard cubic feet in 2017, may start…
NNPC cuts down crude production cost to $20/barrel, targets $15 before year end
Basking under the euphoria of the recent success of cutting down average cost of producing a barrel of crude oil to $20, the Nigerian National Petroleum Corporation (NNPC), has assured that efforts are on to further reduce the cost to…
Subsidy still alive as NNPC spends N774m daily on petrol
Contrary to prevailing speculations and official confusion that Nigeria had at the beginning of this administration said goodbye to Petroleum Subsidy regime, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru on Sunday, rested the…
Fuel scarcity can’t end so far NNPC remains sole importer, says TUC
Rising from its National Executive Council (NEC) meeting in Lagos, the Trade Union Congress of Nigeria (TUC) has told Nigerians that the Nigerian National Petroleum Corporation (NNPC) does not have what it takes to import petrol that can effectively saturate…
Can chase for foreign investors yield when policies in oil sector remain short-lived?
Globally, investors move their hard earned funds to domains where industry policies came and stay for long without summersault or changes that may destabilize investment calculations. Though the Nigerian International Petroleum Summit (NIPS) has come and gone, the way and…
Chevron raises stakes, grabs double at NIPS oil/gas leadersip awards
Leading oil giant, Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) – NNPC/CNL JV – received a resounding ovation at the Oil/Gas industry award presentation ceremony organized by the Ministry of Petroleum…
