By Basssey Williams, Reporting From Yenagoa. The Minister of State Petroleum Resources, HMSPR, Chief Timipre Sylva, has tasked African-oil producing countries under the African Petroleum Producers Organisation, APPO, on the need to develop their local content legislations so as to optimally maximize the benefits of the oil and gas sector. […]
Energy
‘NNPC’s Acquisition of equity in private refineries is in line with FG’s policy’- Obateru
By Olatunde Dodondawa The Nigerian National Petroleum Corporation’s spokesperson, Dr. Kennie Obateru, has revealed that NNPC equity participation in some private refineries in the country is in line with the Federal Government policy. He said in a statement that Corporation also revealed that the federal government directive stipulates the mandatory […]
Ikeja Electric Restates Commitment To Quality Primary Education, Distributes Free Educational Materials
Nigeria’s leading Electricity Distribution Company, Ikeja Electric (IE), has restated its support for quality education with the donation of educational materials to Agidingbi Primary Schools, Ikeja, Lagos, as part of activities to mark this year’s Children’s Day. The company stated that it is in line with its commitment to support efforts […]
Port Harcourt Refinery Rehab To Generate 30,000 Jobs
The Nigerian National Petroleum Corporation (NNPC) said rehabilitation of Port Harcourt refinery will generate 30,000 jobs construction work kicks off. A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, quoted the NNPC Chief Operating Officer, Refineries & Petrochemicals, Engr. Mustapha Yakubu, as […]
Agbami Parties Donate Women Skills Acquisition Center To Communities
Star Deepwater Petroleum Limited, a Chevron Company and the operator of the Agbami field, together with its parties in the Agbami field – Famfa Oil Limited, Nigerian National Petroleum Corporation (NNPC), Equinor Nigeria Energy Company Limited, and Prime 127 Nigeria Limited, have donated a women skills acquisition center to Ogu […]
NNPC Records $120.49m Crude Oil Receipt in September
The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020. In a statement, the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, stated that the figure is contained […]
NNPC Restates Commitment to OPEC Agreement
…To Focus More on Gas, Condensats for Revenue Growth The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market. The Group Managing Director of […]
Oil hits 11-month high as Saudi Arabia pledges unilateral output cut
…Nigeria to cut targeted production by 313,000bpd Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed U.S. crude stockpiles were down last week. Brent crude rose as much […]
NNPC Set to Deepen Compliance with EITI Standards
…Appoints EITI Implementation Programme Manager In keeping with its resolve to deepen its compliance with the transparency standards dictated by the Extractive Industries Transparency Initiative (EITI) as a Supporting Company, the Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Ms. Murjanatu Ibrahim Gamawa as EITI Implementation Programme Manager […]
NNPC Committed to Bringing Down Cost of Production, Remaining Competitive
The Nigerian National Petroleum Corporation (NNPC) has, for the umpteenth time, pledged its commitment to bringing down the unit cost of oil production in the country to $10 per barrel, so as to remain competitive in the Industry and deliver value to all Nigerians. A statement from the Group General […]