Nigerian National Petroleum Corporation has urged national oil companies to set aside risk funds to minimise the impacts of unforeseen events.   The NNPC’s Group Executive Director, Umar Ajiya, said this during a dialogue on responses by governments and the oil industry to the COVID-19 pandemic in the extractive sector.Read More

In a bid to resolve the dispute on the cause of a Nov 12, 2019 leak at Shell’s oilfields in Bayelsa State, the National Oil Spills Detection and Response Agency (NOSDRA) said it has subjected a section of the 14″ Okordia-Rumuekpe pipeline to a third-party examination.   This is especiallyRead More

So far, about 6,000 vehicles have been fitted to run on gas since 2009 when the initiative was launched in Benin, Edo State, NIPCO Plc has disclosed.   The oil firm said it is committed to ensuring that more vehicles run on gas so as to improve efficiency and guaranteeRead More

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has said it stands in solidarity with all well-meaning Nigerians, as they peacefully demand that the Nigerian government puts an end to brutality in all and any form by any organisation or sector. In a release signed by itsRead More

The Nigerian Content Development and Monitoring Board, NCDMB and key organisations in the oil and gas industry – the Petroleum Technology Association of Nigeria, PETAN, Petroleum Contractors Trade Section, PCTS, Oil Producers Trade Section, OPTS and the Nigeria LNG Ltd have advised against increasing the percentage of the Nigerian ContentRead More

Nigeria stands to become the refining haven for Africa if it allows full deregulation of the downstream sector. The above assertion was made by Chairman, Major Oil Marketers Association of Nigeria, MOMAN, Tunji Oyebanji at the maiden webinar session of the Association of Nigerian Energy Correspondents, NAEC held on Friday.Read More

…targets more gas-powered vehicles in Nigeria  …lauds govt., assures of easy conversion of cars to run on gas  The Nigerian Independent Petroleum Company, NIPCO has expressed its commitment to ensure that more vehicles run on gas in Nigeria to improve efficiency and guarantee a cleaner environment. The Managing Director, NIPCO GasRead More

…project creates 300 jobs The Nigerian Content Development and Monitoring Board, NCDMB has commended Total Exploration and Production Nigeria, TEPNG, and Pipe Coaters Nigeria, PCN Limited for the local content strides being recorded on the Total Ikike Line Pipe Coating Project, which is ongoing at PCN facility in Onne FreeRead More

  Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019. A statement by the Corporation’s spokesman, Dr. Kennie Obateru, quotedRead More

LAGOS, OCTOBER 14- Association of Energy Correspondents of Nigeria, NAEC, will on Friday play host to the Major Oil Marketers Association of Nigeria, MOMAN as it flags off the first discourse in its webinar series for 2020. Themed: ‘Challenges and Impact of a Deregulated Downstream Sector on Nigeria’s Economy’, MOMANRead More