Oil, Gas and Energy

Officials of the Nigerian National Petroleum Company Limited, led by the General Manager, Joint Venture Operations of National Petroleum Investment Management Services, Zakariya Buduwara, have visited the site of the newly uncovered illegal crude oil pipelines attached to Trans Forcados Export Trunkline,…

After months of under-production and heavy dip in foreign exchange earnings from oil export due to crude theft and vandalism, Nigeria’s oil production is set to rise again as Shell Petroleum Development Company Limited (SPDC) hinted yesterday that its 400,000 barrels per…

‘Shell Nigeria  is investigating whether an illegal pipeline carried stolen crude to one of the company’s offshore platforms  as alleged by the Nigerian National Petroleum Company limited. A company spokesman for Shell’s local subsidiary said in an email on Tuesday it “detected” the…

The Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, at the weekend announced that the Nigerian National Petroleum Company Limited (NNPC) had concluded the clamping of the damaged Trans Niger Pipeline (TNP) in the Niger Delta. It…

There are indications that gas prices will further rise and Nigerians may pay more as marketers have hinted that the high exchange rate of dollar to naira is having a negative impact on importation. National Operations Controller, the Independent Petroleum Marketers Association of…

The Chief of Defence Staff, General Lucky Irabor and the Group Managing Director of the Nigeria National Petroleum Company Limited (NNPC), Mr. Mele Kyari, have vowed to unmask the saboteurs behind the illegal four-kilometre pipeline connected from Forcados terminal to the sea…

The Chief Executive of Nigeria National Petroleum Company Limited Mele Kayari on Tuesday revealed that the Company has uncovered an illegal 4km pipeline from forcados in Delta State to The Sea, and a Loading Port that has operated in the last nine…

The Nigeria LNG Limited (NLNG) has said it is evaluating the Senate resolution on the N18.4 billion compensation approved for some host communities in Rivers State. The Upper Chamber had on Tuesday directed the NLNG Limited to pay N18.4 billion compensation to 73…

Nigeria is owing the Nigerian National Petroleum Company Limited (NNPCL) N1.3 trillion, the Chief Executive Officer (CEO) of the company, Mele Kyari, told a joint committee of the National Assembly yesterday. Kyari also lamented the effect of massive oil theft and pipeline…

The National Oil Spills Detection and Response Agency (NOSDRA) has confirmed a report of a fire incident at two oil wells operated by Eroton Exploration and Production Limited (Eroton E&P) in Rivers state. Idris Musa, director-general, NOSDRA, made this known in a statement on…