Crude Oil production challenges in Nigeria may trigger fresh importation. • ‘It’s better to tackle challenges against local production’ • Doubts over Port Harcourt facility coming on stream next month • Expert faults govt holding controlling shares in oil firms The Nigerian National Petroleum Company Limited (NNPCL) may begin importation of 110, 000 barrels of […]
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Reps summon NNPCL, NIMASA, NUPRC About $46 billion (N16.25 trillion) was lost to crude oil theft between 2009 and 2020, Speaker of the House of Representatives, Tajudeen Abbas, disclosed, yesterday. According to the Speaker, the menace of crude oil theft has drastically hampered the growth of Nigeria’s oil production, with the country losing between five […]
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• Community Alleges Breach Of Local Content Law • Lack Of Sanctions Fueling Delay In Refinery Overhaul The hardship being faced by the masses over the removal of subsidy on Premium Motor Spirit (PMS) with galloping inflation and unsettling foreign exchange crisis may not stop anytime soon as the succor expected to come in December […]
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By Banji Ayoola Ondo State Governor Oluwarotimi Akeredolu has insisted that it is the turn of Ondo State to produce the Managing Director of the Niger Delta Development Commission (NDDC). According to him: “Going by the provisions of the NDDC Act, 2000, and with specific reference to the position of the Managing Director, it is […]
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Nigerian National Petroleum Company Limited on Sunday insisted that daily supply of Premium Motor Spirit, popularly called petrol, across the country was 68 million and offered to submit itself for forensic audit of PMS supply and subsidy management. Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (retd.), had earlier said NNPC could not justify the […]
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Insists daily average supply remains 68m litres Nigerian National Petroleum Company (NNPC) Limited has offered to submit itself to a forensic audit of fuel supply and subsidy management, insisting daily fuel supply is 68 million. In a statement signed by Mallam Garba Deen Muhammad, Group General Manager (Group Public Affairs Division), NNPC said between January […]
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Oil theft The Federal Government and operators in the oil and gas sector have raised concerns about the issue of crude theft and insecurity in the country, noting that operating expenses are rising, affecting profit margins and ability of the country to meet its $10 per barrel production cost target. Speaking during the yearly conference […]
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• Concerns Over Transparency, Accountability As NNPC Fails To Publish Data • Stakeholders Raise Alarm Over Renewal Of OPLs 809, 810 • Geologists, Explorationists Insist Discovery is Political, Elusive One year after the discovery of over one billion barrels of crude oil in the North, the Federal Government and the Nigerian National Petroleum Corporation Limited […]
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Despite higher crude prices and allocation, as the Organisation of Petroleum Exporting Countries (OPEC) and its allies adjust monthly quota, Nigeria’s oil production remains below its monthly quota, according to the latest S&P Global Platts survey. According to the survey, Nigeria dropped to 1.37 million barrels a day in October, 261,000 bpd below its OPEC+ […]
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As Mr Mele Kyari marks his first year in office today, July 8 at the helm of affairs of the Nigerian National Petroleum Corporation, NNPC, players in the oil and gas industry are showering his leadership with plaudits. His leadership has been marked by a string of peaceful resolutions that have oiled the bond in […]
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