The chairman of Capital Oil and Gas limited, Andy Ubah has described his arrest by the Department of State Services as a complete attempt to blackmail him. The oil magnate said the claim by the DSS that he was involved Read more
The Nigerian National Petroleum Corporation has called on Nigerians to shun every recruitment announcement or invitation for interviews purportedly from the corporation as it is not recruiting. The NNPC explained in a statement that scammers were trying to defraud Nigerians Read more
• Licensees lament financial straits, seek intervention • Nigeria to invest N5.9tr in upstream sector The Federal Government has concluded plans to withdraw licences of private refineries which have not been able to produce petroleum products after many years of Read more
Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr Maikati Baru, on tuesday disclosed that the volume of oil production in the country has risen to two million barrels per day. Baru, who gave the indication, after Read more
Alleges under-valuation, firm’s failure to make return on investment The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged the Federal Government to probe the transfer of some oil assets to the Nigerian Petroleum Development Company (NPDC) by the Nigerian National Read more
The Nigerian National Petroleum Corporation (NNPC), said it will commercialise some of its critical Information Communications & Technology (ICT) infrastructure in line with its bid to refocus the Corporation as a commercially viable entity. The Group Managing Director of the Read more
Dangote to deliver refinery in 2019 Thirty-two companies granted licences to establish (LTE) and approval to construct (APC) private refineries with a combined capacity of 1.352 million barrels per stream day (mbpsd) in the country may lose their permits as Read more
Debt, part of conducting businesses globally, says NNPC spokesman The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged the Federal Government to prosecute all those found culpable in the non-remittance of about N7.2 trillion to the federation account. A new Read more
The National Union of Petroleum and Natural Gas Workers, NUPENG, has suspended its nationwide strike which began on April 2. The suspension followed the intervention of the Group Managing Director of the Nigerian National Petroleum Corporation( NNPC), Dr Maikanti Baru. Read more
The Nigerian National Petroleum Corporation, NNPC, says it has succeeded in reducing gas flaring in the country by 26 per cent in the last ten years. The corporation said the reduction, which has pushed Nigeria down from the second highest Read more