$15bn investment, Nigeria’s competitiveness under threat over new d’water royalty
Contrary to high hopes that the emerging regime of increased deepwater royalty payable by oil majors to the Federal Government will amass revenue for the economy, international oil companies (IOCs) plus their local allies under the aegis of the Oil…
Can NNPC’s recent deal with Russia’s Lukoil return refineries to life?
More questions are still arising from the last Thursday’s breaking news that Nigeria and Russia in Sochi, Russia, signed a Memorandum of Understanding which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukoil to elevate…
Politics of PIB delaying deep pocket investors in oil industry—NNPC boss
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has linked the near scare investors in the nation’s oil and gas sector in the last couple of years to the non-passage of the Petroleum Industry Bills (PIBs)…
NNPC assures NASS of reviving refineries, silent on delivery time
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari has once again assured Nigerians that the Corporation has the best hands to revive the moribund national refineries, but failed to either give details of renewal plans…
Experts doubt if new found northern oil would be in commercial quantity
Whereas the Federal Government continues on the euphoria of finding crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe states, industry experts have argued that the major issue is not hitting…
Why NNPC, NLNG sealed $2.5b deal to supply gas to Trains 1 to 6
More details emerged weekend on why the Nigerian National Petroleum Corporation (NNPC) Friday last week, consummated a $2.5 billion pre-payment agreement with the Nigeria Liquefied Natural Gas (NLNG) for upstream gas development projects to supply gas to Trains 1 to…
NNPC, CPDC $875.75m financing deal to deliver financing edge
The Nigerian National Petroleum Corporation (NNPC) has explained the key reason behind the latest $875.75 million funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated Oil Mining Lease (OML) 65. The Corporation…
Aviation fuel analysts link scarcity to landing cost, racketeering, faults NNPC
Just as the Nigerian National Petroleum Corporation (NNPC) Thursday said it had enough stock of aviation fuel to meet the needs of airline operators and other consumers of the product in Nigeria, industry analysts have traced the rising aviation fuel…
NNPC: 15 firms to export crude, return equivalent refined products emerge
Again, chances of local refineries coming back from comatose to productivity in the next one year may have been botched following Sunday’s release of names of successful mega 15 oil and gas shipping companies by the Nigerian National Petroleum Corporation…
Use fund for endless oil search in North to fix refineries, Expert tells Kyari
Downstream oil and gas consultant, Engr. Kelvin Folarin has called on the management of the Nigerian National Petroleum Corporation (NNPC) to stop wasting scare resources searching for what does not exist in the name of hydrocarbon in the Chad basin,…
