Category: Oil & Gas

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has backed the new centralisation policy of online products by the Nigeria National Petroleum  Corporation (NNPC) and the Pipeline and Products Marketing Company (PPMC). IPMAN in a statement by its Public Relations Officer, Alhaji Yakubu Suleiman on Tuesday in Lagos also okayed the renewal of bulk purchase agreements between the marketers and […]

The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on Joint Venture (JV) partners of the Nigerian National Petroleum Corporation (NNPC) to reconcile a $183.07 million discrepancy in their 2019 transport accounts. In its latest report on the oil and gas industry covering 2019, NEITI noted that whereas a total of N571.41 was reported as transportation fees by the JV […]

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has warned that rather than being a positive development, the rising prices of crude oil in the international market could cause major challenges for resource-dependent nations like Nigeria. He spoke just as the International Monetary Fund (IMF) expressed concern over the re-emergence of fuel subsidy in […]

…..State, Key To Our Operations – MD Bayelsa State Governor, Senator Douye Diri, has re-echoed his call on Shell Petroleum Development Company (SPDC) to relocate its operational headquarters to the state. Governor Diri stressed that given the historical significance of the state to Shell, there was no better location to site its headquarters. He restated this when the Shell Country […]

The Group Managing Director of NNPC, Mallam Mele Kyari has said that support for NLNG will lead to immense benefits to Nigerians. Kyari speaking during the flag off the construction of Nigeria LNG Limited’s (NLNG) Train 7 project at the groundbreaking ceremony of the Company’s plant site on Bonny Island, Rivers State also commended the Federal Government for supporting the […]

The Integrity Youth Alliance has lambasted the PDP Governors’ Forum over its comments condemning the NNPC’s management under President Buhari. According to a press release on Wednesday by the National Coordinator of the Alliance, Kelvin Adegbenga, he said that the PDP Governors should rather praise the Mele Kyari led management for its transparency and accountability as the corporation has sustained […]

Nigeria National Petroleum Corporation (NNPC), Nigeria Content Development and Monitoring Board (NCDMB), and ZED Energy Limited have signed agreement on construction of Brass Petroleum Product Terminal, BPPT, in the Niger-Delta. The signing ceremony which took place in NNPC Towers, Abuja was witnessed by the Honourable Minister of State for Petroleum Resources, H.E. Timipre Sylva, the Group Managing Director, Nigeria National […]

…….Project Will Generate 6,000 Jobs, Says Kyari The Minister of State for Petroleum Resources, Chief Timipre Sylva has commended President Muhammadu Buhari for his giant strides in the Niger Delta which is making a huge impact on the people of the area. The Minister made this known on Friday while speaking at a ceremony to mark the execution of Shareholders […]