…As Reps Assures of Speedy Passage of PIB   The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector.   Mallam Kyari,Read More

Yemisi Izuora Oil major, Total, has given fresh assurances that it will improve on its Local Content drive in Nigeria’s oil and gas industry. It said that currently, it makes an annual expenditure of over $40 million on Corporate Social Responsibility, CSR, in the country. The firm said with suchRead More

The Rivers State government and energy company, the Shell Petroleum Development Company of Nigeria Limited (SPDC), in Port Harcourt on Thursday, inaugurated the Egi/Igburu Cluster Development Board (CDB) for pipeline communities to SPDC’s Assa North Gas project. The SPDC’s Assa North Gas project has a capacity for 300 million standardRead More

The Nigerian National Petroleum Corporation (NNPC) has extended for six months its contracts with private companies to swap crude oil for fuels, two sources familiar with the contracts told Reuters yesterday. In July 2019, in order to continue its exchange of crude oil for refined fuel, the Nigerian National PetroleumRead More

Following the deregulation of the downstream sector of the oil and gas industry with attendant increase in pump prices of petroleum products, the Nigerian National Petroleum Corporation (NNPC), has said alternative energy sources, especially Compressed Natural Gas (CNG) stations will be built across the country. In March this year, theRead More

The Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day (bpd) and developed an additional capacity to produce more. Mr. Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed the production data in the oil firm’s 2020 briefingRead More

  Yemisi Izuora The Nigerian National Petroleum Corporation, NNPC, has disclosed that its legal team has saved the country about $5 billion. The Litigation Team of the Corporation,  has also won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards. In a statement the Corporation’s Group General Manager,Read More

Mkpoikana Udoma  Port Harcourt — A protest by three oil unions in the country is currently ongoing outside the Port Harcourt Refinery complex, with the oil workers demanding the removal of the Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Mele Kyari. The unions are the Petroleum Tanker Drivers, PTD, anRead More

The Nigeria LP Gas Association (NLPGA), has asked its members and operators to ignore the directive of the Petroleum Products Pricing Regulatory Agency (PPPRA), on the levy and administrative fee imposed on Liquefied Petroleum Gas (LPG) or cooking gas despite the product being deregulated. The Association had argued that imposingRead More

…Cost of repairs set to hit N1tr …Why pipeline vandalism persists Nigeria’s cost of pipeline repairs and management may soon hit N1 trillion as facilities were damaged 9,420 times in five years, as vandals steal oil and gas. This sum and other recorded losses could build a refinery with theRead More