OIL & GAS
No petrol price hike now — NNPC GMD
The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Maikanti Baru, has said the Federal Government has no plan to increase the pump price of petrol.
It will be recalled that the Independent Petroleum Marketers Association (IPMAN) had, said plans were underway to increase the pump price of petrol above the current N145.
NNPC to continue oil exploration in the North — Baru
Group Managing Director of the Nigeria National Petroleum Corporation, NNPC, Maikanti Baru has said, oil exploration in Northern Nigeria will continue until the corporation reaches its target.
NNPC Intensifies Search for Oil in North
The Nigeria National Petroleum Corporation, (NNPC) has disclosed that it will continue oil exploration in the north.
Kachikwu Urges Indigenous Oil Coys to Takeover IOCs’ Operations
The minister of State for Petroleum Resources, Dr Ibe Kachikwu, has tasked indigenous operators in the oil and gas sector to step up their investments and take over major operations from international oil companies (IOCs).
Oil theft: JTF, surveillance contractors intensify crackdown, seize vessels
Residents of Bayelsa State coastal communities have lauded the collaboration between the Joint Task Force, JTF, deployed to the Niger Delta and surveillance contractors for tackling oil theft.
FG, IOCs, indigenous firms create $102bn opportunities for investors in oil, gas
The Federal Government, International Oil Companies, IOCs and indigenous companies, have created investment opportunities worth $102 billion for investors in Nigeria’s oil and gas industry.
Nigeria’s oil industry under-developed
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has decried the state of the nation’s oil and gas industry, which he described as under-developed.
Consider our people in your recruitment, Delta host Communities urges NNPC
Some host communities of the Warri Refinery and Petrochemical Company, WRPC, have urged the Nigerian National Petroleum Corporation, NNPC, to ensure that special consideration is given to their people in its ongoing recruitment exercise.
Petrol ex-depot price hits N139 per litre
The ex-depot price of Premium Motor Spirit (PMS) also known as petrol at private depots in Apapa, Lagos on Thursday hit N139 per litre as the product’s supply hitch worsened. The number of depots without petrol, a market survey obtained by New Telegraph yesterday showed, has increased from 20 to 22 with Folawiyo and Fatgbems joining the league.
Dangote refinery to boost Nigeria’s 1.095m bpd domestic target — NNPC
The Nigerian National Petroleum Corporation, NNPC, yesterday said that the Dangote Refinery, currently under construction would complement Nigeria’s quest of attaining 1.095 million barrels per day self-sufficiency in the refining of petroleum products.
More money for Nigeria as oil price hits 2019 high
Lagos Oil price hit a 2019 high, above 69 dollars a barrel on Tuesday, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut, and as the market became less worried that demand may reduce.
Slow pace of regulation rains on Lekoil’s $1bn investments plan for Ogo fields
Lekoil plc, an Africa-focused oil and gas exploration and production company with interests in Nigeria and Namibia, says navigating through the maze of regulatory approvals in Nigeria represents its biggest challenge in taking the Ogo fields, offshore Lagos, to production. Lekan Akinyemi, the company’s CEO, told Business Day that the slow pace of getting approvals due…
BREAKING: Oando sells off N14bn gas, power assets
Nigeria’s indigenous oil company, Oando, has sold off its remaining 25 per cent residual interest in Axxela Limited (formerly known as Oando Gas and Power) for $41.5 million (N14 billion).
N33bn PenCom fund: Reps summon CBN, PENCOM, AGF
The House of Representatives Ad-hoc Committee probing the management of over N9trillion of Pension Funds on Thursday summoned the Central Bank of Nigeria, CBN, the Accountant General of the Federation, AGF, and the Director General of PenCom over the fresh N33billion pension fund.
Workers need to save for life after work – Aremu
Comrade Issa Aremu is a member of the National Executive Council of the Nigeria Labour Congress (NLC) and the General Secretary of National Union of Textile, Garment and Tailoring Workers of Nigeria. In this interview, Comrade Aremu says every worker needs to save for life after work. He speaks on the Contributory Pension Scheme (CPS), the Micro Pension Plan and the pension sector in Nigeria.