By next month, the Federal Government will commence the conversion of cars and generating plants for gas fuelling. The Minister of State for Petroleum Resources, Timipre Sylva, spoke on NTA’s “Good Morning Nigeria” which our Abuja correspondent monitored on Monday. Shortly after his assumption of office, he had vowed to provideRead More

The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Ltd (CNL) Joint Venture has donated a Polymerase Chain Reaction (PCR) laboratory facility to Warri Central Hospital in Delta. The facility was donated to the hospital in Warri, to assist in curtailing the spread of COVID-19 in the state. Also donatedRead More

The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC). The crude oil prepayment has enabled NNPC to pay NPDC’s Tax obligations to the Federal Government of Nigeria, of circa US$700M with theRead More

The Nigerian National Petroleum Corporation (NNPC) yesterday in Abuja defended it decision to award the contract for the protection of the 87-kilometre Trans Forcados Pipeline (TFP) to an indigenous firm, Ocean Marine Solutions (OMS). Recently, some Niger Delta youths from Ijaw, Isoko, Itsekiri and Urhobo had blocked the gate ofRead More

The President of Nigerian Association of Petroleum Explorationists (NAPE), Dr. Andrew Ejayeriese, has stated that claims by the federal government to achieve 40 billion barrels in reserves by the year 2020 are not feasible. The Federal Government, through the Nigeria National Petroleum Corporation (NNPC), announced an outlook for 2018 to increase crude oil reserve byRead More

Stakeholders in the country’s oil and gas sector have accused oil companies of deliberately hiding information about the various deals they undertake, with the intention to dodge relevant tax payments. They alleged that some oil firms go abroad to sign deals on oil assets domiciled in Nigeria, and thus denyRead More