OIL & GAS

As the federal government continues to search for a lasting solution to the bleeding in the oil sector, the Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday revealed that in the period spanning between 2009 and 2020, Nigeria lost as much as 619.7…

MEMBERS of the Independent Marketers’ Association of Nigeria (IPMAN) are to get supply from the direct the Nigeria National Petroleum Company Limited (NNPCL), it was learnt yesterday. Details of a major understanding between the oil giant and marketers came as stakeholders in petrol…

The Nigerian Liquefied Natural Gas Limited (NLNG) has recorded 37.5 per cent year-to-date gas delivery gap, translating to about 1.3 billion cubic feet of gas (bcf) deficit, with negative implications on both the company’s export and domestic gas delivery obligations as well…

The Nigerian National Petroleum Company Limited has raised the number of major oil marketers in Nigeria from seven to 20, as part of measures to tackle the lingering fuel scarcity in the country. A document obtained by press on Sunday revealed that with…

The Nigeria Union of Petroleum and Natural Workers, NUPENG, has directed members of the Petroleum Tanker Drivers, PTD, and others involved in the distribution of petrol and other products to be at their duty posts round the clock to ensure unhindered distribution…

The Nigerian National Petroleum Company Limited (NNPC) is planning to invest over N1 trillion to revamp selected Nigerian roads, months after announcing the release of N621 billion for a similar purpose, the national oil company’s Group Chief Executive, Mallam Mele Kyari, said…

The Nigerian National Petroleum Company Limited has signed five memoranda of understanding with the national oil companies and relevant entities of five African countries on the  Nigeria-Morocco Gas Pipeline Project. The five national oil companies and relevant entities were from Gambia, Ghana, Guinea,…

The Minister of State Petroleum Resources Chief Timipre Sylva has said that Nigeria will continue to work hard to meet its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.8 million barrels per day (bpd) by the end of…

Chevron Nigeria Limited, operator of the joint venture between the Nigerian National Petroleum Corporation and CNL has secured a $1.4bn financing to fund the NNPC/CNL JV infill drilling programme to run from 2022 to 2026. A statement by CNL’s General Manager Policy, Government…