The Managing Director, Nigerian National Petroleum Retail Limited, Mr. Yemi Adetunji says the market shares of the company has grown to 14 per cent in 2016. Adetunji disclosed this on Tuesday in Abuja, while briefing journalists on plans to inaugurate a new ultra mega station along the Shagamu Express way. He added that the company […]
The Nigerian National Petroleum Corporation (NNPC) has said the Federal Government’s 2.3 million barrels per day (bpd) crude oil projection for the 2018 budget is achievable. The NNPC Group General Manager, Corporate Planning and Strategy, Mr. Bala Wunti, said in Abuja that the projection is realistic. A statement by Group General Manager Public Affairs Division […]
….Set to increase crude production by 39000 bp/d Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL)have executed the second and final phase of an Alternative Financing Agreement. A statement signed by the Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, on Sunday, in Abuja, said the agreement was signed in London, […]
The Vice President Professor Yemi Osinbajo Solicits private sector cooperation in the realization of FG’s clean energy economy initiative. He also solicits the cooperation and support for the clean energy economy efforts as well. He made this request at the 55th anniversary celebration of oil producers’ trade section (opts) of the Lagos Chambers of Commerce […]
The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Agip Oil Company (NAOC) Joint Venture is set to boost the Federal Government power generation aspiration by 480 megawatts (MW) through the completion of its Okpai Phase II Independent Power Project (IPP) by 2019. This was disclosed in Abuja on Thursday during the inauguration of the […]
Following the flag-off of oil search on the Nasarawa State end of the Benue Trough last week, the Nigerian National Petroleum Corporation (NNPC) has commenced move to mobilize for oil exploration in the Benue State sector of the Benue Trough. The Group Managing Director of NNPC, Dr. Maikanti Kacalla Baru, who led a high-powered delegation […]
In its commitment to ensure unimpeded supply of petroleum products and safeguard the environment through reduction of carbon emission, the Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65 million litres per annum biofuel plant in Okeluse, Ondo State. Speaking when the Governor […]
IT transpired recently, that an official memorandum by Dr. Ibe Kachikwu, Minister of State for Petroleum Resources, to President Muhammadu Buhari, who is also the substantive Minister of Petroleum Resources, was leaked to the public. Whoever leaked the memo is not of interest to this writer because, if the author of the memo, the Minister […]
Following disparity in the remittances of Joint Admissions and Matriculation Board (JAMB) and the Nigerian Maritime Administration and Safety Agency (NIMASA) in the past and now, the Federal Government ordered the probe of the past heads of the agencies, having smelt seedy misdeeds. While many have hailed the decision of the Federal Government, a handful […]
Petroleum Tanker Drivers Union (PTD) of the National Union of Petroleum and Natural Gas Workers (NUPENG) has pledged to sustain the free flow of petroleum products as their commitment to the value chain. National Chairman, PTD branch, NUPENG, Sulaiman Oladiti fielding questions from journalists in Lagos stressed the role of tanker drivers in the value […]
The Managing Director, National Engineering Technical Company (NETCO), SikyAliyu, stated that collaboration among service companies in the country will help to bring down the cost of doing business. It can reduce cost of doing business if investors start establishing companies and also will bring about employment generation. Aliyu stated this at the recent West African […]
Dr Umar Duhu is the immediate past Interim National Vice Chairman of the All Progressive Congress (APC) in the North- East. He was instrumental to the establishment of APC structures in the North East states. In this interview with SUNDAY ISUWA, the former ANPP Chairman in FCT and Adamawa State explained why he woo Vice Admiral […]
An indication has emerged that the decision of the government to implement the Nigerian Gas Transportation Network Code (NGTNC) will propel the gas prices to be determined by market forces soon. The Deputy Director, Gas Monitoring and Evaluation, Department of Petroleum Resources (DPR), Antigha Ekaluo gave the hint, while speaking against the backdrop of the […]
The Federal Government has expressed confidence that the Petroleum Industry Bill, (PIB), before the National Assembly will be passed before the end of the current political dispensation which terminates by May 29. Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke who was represented by Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mr. Joseph Dawha, expressed […]
Total U.S. petroleum deliveries (a measure of demand) rose 1.5 percent from February 2014 to average 19.3 million barrels per day. This was the highest February demand since 2008.“Greater demand for gasoline and jet fuel and a colder-than-usual February brought total February deliveries back to pre-recession levels,” said API Chief Economist John Felmy. “At the […]
The Minister of Petroleum Diezani Alison-Madueke has raised an alarm that low oil prices constitute a threat to Nigeria’s plan to raise crude oil production to 4 million barrels per day (b/d) by 2020. Alison-Madueke made this assertion at Nigeria Oil & Gas 2015 conference in Abuja, adding that “persistent depressed oil prices may limit […]