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Thursday, November 26, 2020

Nigeria’s gas fiscal provisions will be one of the best in Africa – Osinbajo

By Solomon Asowata Lagos, Nov. 17, 2020 Vice-President Yemi Osinbajo said in Lagos on Tuesday that the fiscal provisions for gas business in the Petroleum Industry Bill (PIB) would be one of the most attractive in Africa. Naija247news reports that Osinbajo made the declaration at...

NNPC announces N153.17 ex-depot price for petrol

The Nigerian National Petroleum Corporation (NNPC) has announced N153.17 ex-depot price for petrol for the month of November. The corporation announced this in a statement signed by its spokesperson, Kennie Obateru, in Abuja on Friday. The ex-depot price is the amount at which the depot owners...

Strike: PENGASSAN says meeting with FG inconclusive

By Esenvosa Izah Lagos, Nov. 11, 2020 The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), on Wednesday said a meeting it held with the Federal Government was inconclusive. The union’s President, Mr Felix Osifo, who disclosed this in a statement, said the...

IPPIS: We are not part of PENGASSAN planned strike —NUPENG

The National Union of Petroleum and Natural Gas Workers has said it would not join the strike embarked upon by the Petroleum and Natural Gas Senior Staff Association of Nigeria over the Integrated Payroll and Personnel Information System. National Treasurer of NUPENG, Alex Agwanwor disclosed...

No need to panic fuel supply during oil workers’ strike – NNPC assures Nigerians

The Nigerian National Petroleum Corporation on Tuesday said it had enough petrol and as such the strike by oil workers would not cause scarcity. It dismissed insinuations of possible scarcity of petroleum products following ongoing disagreement between the Federal Government and members of the Petroleum...

NNPC Plans Oil Exploration in Chad Basin after Boko Haram defeat

The Nigerian National Petroleum Corporation (NNPC) has announced plans to commence oil exploration in the Chad Basin, which was recently liberated from Boko Haram. It said its decision is based on the assurance of the military that the area is now fully liberated. Naija247news reports...

NNPC reports explosion in OML 40 facility

By Edith Ike-Eboh Abuja Nov. 3, 2020 The Nigerian Petroleum Development Company (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported an explosion at a production facility in Oil Mining Lease (OML) 40. The corporation disclosed this in a statement signed by...

PIB: Nigeria Plans Revoking Oil Companies’ Licences For Neglecting Host Communities

Oil firms that neglect their obligations to host communities risk losing their operating licenses if the new Petroleum Industry Bill (PIB) presently before the National Assembly sails through. In the new bill sighted by LEADERSHIP yesterday, the power to revoke oil licenses is vested on...

EITI commends NNPC for transparency

By Edith Ike-Eboh Abuja, Nov. 2, 2020 The Extractive Industries Transparency Initiatives (EITI), has commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari for deepening the culture of transparency and accountability in the corporation. Dr Kennie Obateru, the corporation’s spokesman...

NNPC, FIRST E&P JV Commences Production In OMLs 83/85, targets 3 million barrels in 3 years

The Nigerian National Petroleum Corporation (“NNPC”) and FIRST Exploration and Petroleum Development Company (“FIRST E&P”) Joint Venture has announced the commencement of oil production from the Anyala West field in Oil Mining Leases (OMLs) 83 & 85. OMLs 83 & 85 are in the shallow...
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