The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture.
The incident, which occurred on Tuesday during the installation of a ladder on a platform (Benin River Valve...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has called on the government to insulate the economy from the perennial oil price volatility by weaning Nigeria off its unhealthy dependence on oil which accounts for the bulk of its revenues and foreign exchange earnings.
NEITI made the call in its latest...
The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and profitability in line with the Next Level Agenda of President Muhammadu Buhari’s administration.
Mr. Adokiye Tombomieye, the Group...
The Federal Government yesterday readjusted the pump price of Petrol from N121.50 to N143.80 per litre.
This was disclosed by Petroleum Products Pricing Regulatory Agency (PPPRA) in a circular dated Wednesday, July 1, 2020, to oil marketers.
Recall, the agency slashed the pump price of petrol, to N121.50 per litre for...
President Muhammadu Buhari has said that delivery of the 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is part of his Administration’s Next Level Agenda for sustainable development and economic prosperity of Nigeria.
The President, who stated this Tuesday while flagging off construction works on the AKK project via virtual link from...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that it will undertake a compliance ranking of all companies and government agencies that are participating in its ongoing 2019 oil and gas industry audit.
The ranking exercise which is instituted to examine levels of compliance to the data gathering component...
The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost tomorrow as President Muhammadu Buhari performs the Flag-off of the construction of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project.
The project, expected to be completed within a 24-month timeline, is a section...
Electricity Distribution Companies (DisCos) lose over N30 billion of their monthly revenue due to cases of energy theft, meter bypass, vandalism and unpaid electricity bills by consumers.
The DisCos disclosed this in a statement by the Association of Nigerian Electricity Distributors (ANED) on Thursday. According to the Executive Director, Research...
The Director of Petroleum Resources, Engr. Sarki Auwalu, has inaugurated three teams to operationalise the full implementation of the Nigeria Gas Transportation Network Code (NGTNC) recently launched by the Minister of State Petroleum Resources,with Timipre Sylva, with a six-month mandate to go live.
The Director in his address at the...
