Archives for Oil and Gas - Page 27
NNPC moves to acquire FG’s power plants, meets BPE
NNPC logo The NNPC’s Group Managing Director, Mele Kyari, disclosed this when he led the management team of the oil company on a courtesy visit to the Bureau of Public…
Oil-producing communities kick, want Senate to review PIA
Members of the Host Communities Producing Oil and Gas are kicking against identified loopholes in the Petroleum Industry Act and are calling on the Senate to effect necessary modifications in…
Seplat Energy, ExxonMobil Transaction: No Event of Cancellation occurred
Seplat logo Seplat Energy has become aware of newspaper and social media reports that the Nigerian National Petroleum Company Limited (NNPC) has exercised a right of pre-emption under the…
NNPC releases additional 381.8 million litres of fuel
NNPC logo The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National Petroleum Company Limited that it has been releasing hundreds…
NNPC warns against fuel price hike
NNPC logo The Nigerian National Petroleum Company Limited (NNPC) has sounded a note of warning to marketers against selling petrol above the official price. The Group Managing Director, Mele Kyari,…
NNPC objects to Exxonmobil $1.6bn oilfield asset sale
NNPC logo In a dramatic twist, the Nigerian National Petroleum Company (NNPC), Limited has cancelled Mobil Producing Nigeria Unlimited $ oilfield asset sale to Seplat Energy Offshore, a wholly…
100 Youths Begin NCDMB/ITF Vocational Training
Hundred Nigerian youths have commenced training in the vocational skills programme sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) and facilitated by the Industrial Training Fund (ITF).…
Fuel subsidy: Labour fumes as IMF warns FG against fresh borrowings
Fuel Following the Federal Government’s plan to extend the fuel subsidy regime by 18 months, the International Monetary Fund has said Nigeria will likely depend on overdrafts from the…
Nigeria Loses $380bn, 2m Jobs in 50 Years Over Local Content
Engineer Simbi Simbi Kesiye Wabote By Ngozi Onyeakusi---The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engineer Simbi Kesiye Wabote, said Nigeria lost over $380 billion and two million…
We’ll Handle Erring PMS Suppliers, House C’ttee Tells Nigerians
The Chairman, House of Representatives Committee on Petroleum (Downstream), Hon. Abdullahi Mahmud Gaya has assured Nigerians that his Committee will handle companies who imported methanol-blended Premium Motor Spirit (PMS) into…