Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), has announced the appointment of Mr. Richard (Rick) Kennedy to the position of Chairman and Managing Director, effective November 1, 2020. Until his appointment, Mr. Kennedy was Director, Deepwater,Read More

The Asset Management Corporation of Nigeria (AMCON) has rejected debt settlement terms proposed by an oil firm, Pan Ocean Oil Corporation Nigeria Limited.  Pan Ocean’s lawyer, Mr. Wemimo Ogunde (SAN), told the Federal High Court in Lagos that the terms had been filed. But AMCON’s lawyer, Mr. Kunle Ogunba (SAN)Read More

A second-year student of Pharmaceutical Sciences at the University of Port Harcourt, Rivers State, Mr. Abasiekeme Edet has won One Million Naira at the 4th edition of the Nigerian Content Development and Monitoring Board, NCDMB Annual National Undergraduate Essay competition. The prize-giving ceremony was held in Yenagoa, Bayelsa State onRead More

Lekoil has restated its commitment to long-term growth following the release of its unaudited interim results for the six months ended 30, June 2020. In a statement by the company, it said within the period, the company successfully completed site survey operation on OPL 310. Otakikpo production averaged 5,676 bopdRead More

    Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), in conjunction with National Union of Petroleum and Natural Gas workers (NUPENG) yesterday issued a 7-day ultimatum to the Federal Government declaring to withdraw their services which will mean a totalRead More

The Department of Petroleum Resources, DPR received the sum of N6.66bn from the Federation Account Allocation Committee, FAAC for the month of September 2020. The Department received the allocation as cost of revenue collections for the month. The FAAC had disbursed the sum of N682.06bn to the three tiers ofRead More

    The chairman of AMNI International Petroleum, Chief Tunde Afolabi has commended the Centre for Petroleum Information (CPI) for marking a milestone in the oil and gas industry by publishing an authoritative reference book during its 20th-anniversary event which held in Lagos recently.   The 440-page book with theRead More

…Says No Fatalities or Injury The Nigerian Petroleum Development Company, NPDC , an upstream subsidiary of the Nigerian National Petroleum Corporation, has reported an explosion at a production facility in Oil Mining Lease (OML) 40 involving its partners Elcrest Exploration and Production Nigeria Limited while carrying out production evacuation atRead More

…Invites Kyari to Speak at Its Virtual Meeting The Extractive Industries Transparency Initiatives (EITI), a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries, has commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, for honouring his commitment to promote andRead More

The Association of Energy Correspondents of Nigeria, NAEC has inaugurated a new set of executive to steer its activities for the next two years. In a statement issued on Monday, the Association said the move became imperative after the erstwhile Chairman, Olatunde Dodondawa tendered his resignation in pursuit of personal businesses.Read More