Can NNPC effectively satisfy home, Ghana, and now Cote d’Ivoire gas demands?
Whereas the Nigerian National Petroleum Corporation (NNPC), on Wednesday, revealed having received request from Cote d’ Ivoire to extend the West African Gas Pipeline (WAGP) from Ghana to Cote d’ Ivoire, an issue of meeting market demand has risen. Though…
EFCC recovers N328bn from 9 oil marketers’, expects more from diversions
The Economic and Financial Crimes Commission (EFCC), working on a petition from petition against the leadership of the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Pipelines and Product Marketing Company (PPMC), has recovered N328bn from Forte Oil, Oando,…
Organise roadshow in UK to drive oil and gas investors–Britain envoy tells NNPC
The British High Commissioner, Paul Arkwright, has advised the Nigerian National Petroleum Corporation (NNPC) to design a structured road show in London to create awareness on the possible investment opportunities available in the Nigerian oil and gas sector. Addressing a…
NNPC’s refineries monthly report indicates production drop, rising losses
The Nigerian National Petroleum Corporation (NNPC) has released refineries progress report for the month of May which shows marginal drop in both product outputs and revenue within the month of May when compared with April. It would be recalled that…
NNPC, banks deny concealing FG’s $793.2m, may appeal ruling
Following the Lagos Federal High Court’s order on seven commercial banks to remit a total of $793.2m allegedly hidden by them for the Nigerian National Petroleum Corporation (NNPC) and its subsidiary in contravention of the Federal Government’s Treasury Single Account…
NNPC mulls inland basin exploration with Neftex solution from Halliburton
The Nigerian National Petroleum Corporation (NNPC) has concluded fresh plans to partner with Halliburton Corporation to deepen search for commercial hydrocarbon in the inland sedimentary basins. The deal stemmed from the success so far recorded by the US group using…
Ex-NNPC GED, Yusuf, now AUN Prof, Dean of Business School
The American University of Nigeria (AUN) has appointed a new Dean of the School of Business & Entrepreneurship (SBE). A former Group Executive Director with the Nigerian National Petroleum Corporation (NNPC), Dr. Attahir Yusuf, now heads one of AUN’s five…
NNPC claims recovery of N2 bn out of N11bn products diverted by Capital Oil
A fresh twist on Wednesday emerged on the alleged missing of petroleum products belonging to the Nigerian National Petroleum Corporation (NNPC), domiciled in the tank farm belonging to Capital Oil facility as the agency claimed it has recovered the sum…
Paucity of fund hits FG as it can’t pay IOCs $1bn in JV cash call since April
Just as the Federal Government is yet to release the celebrated N350bn, it has not still offset a total of $1.07bn in cash call required for the development of joint venture (JV) assets for the first four months of the…
NNPC claims drop in diesel price to N155/litre nationwide, but market survey differ
Whereas the Nigerian National Petroleum Corporation (NNPC) has claimed that the price of Automotive Gas Oil, also known as diesel, has dropped further from between N175 and N200 per litre since June 18, 2017 to between N155 and N160 per…
