Archives for Oil and Gas - Page 38
Subsidy Debt: Pay Us Now Or Face Industrial Action in 7 Day, Oil Marketers Tells FG
Oil marketers have issued a seven-day ultimatum to the Federal Government for the payment of all outstanding subsidy debts, including foreign exchange differentials and interest rate…
Shell contributed N338.12bn to NDDC since 2002’
The General Manager, External Relations, Shell Petroleum Development Company of Nigeria Limited, Igo Weli, has said Shell companies alone contributed to the Niger Delta Development Commission between…
Subsidy Debt Payment Delay Worries Oil Marketers
By Ngozi Onyeakusi -- The Major Oil Marketers Association of Nigeria and the Depot and Petroleum Products Marketers Association of Nigeria have expressed worry over the delay in…
FG, Investors Negotiate Fresh Terms on Sale of Power Stations
As the federal government resumes privatisation of some national assets, THISDAY learnt at the weekend that negotiation of fresh terms has begun with preferred bidders of three…
NNPC Seeks Increase Of Retail Outlets
The Nigerian National Petroleum Corporation (NNPC) says it is set to increase its 14 per cent market share in the nation’s downstream petroleum retail market. The Group…
Senate To Probe Alleged Diversion Of $1.05bn By NNPC
The Senate on Tuesday directed its Committee on Petroleum (Gas) to probe alleged diversion of billion dollars by the Nigeria National Petroleum Corporation (NNPC). The Corporation says…
NNPC, Shell, ExxonMobil considering crude-for-product swaps
The Nigerian National Petroleum Corporation has said it can sign crude-for-product deals with Shell and ExxonMobil, similar to the one signed with BP last week. The NNPC…