Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), has announced the appointment of Mr. Richard (Rick) Kennedy to the position of Chairman and Managing Director. His appointment becomes effective November 1, 2020. According to a statement by […]
Energy
EITI Commends NNPC On Publication Of 2019 NNPC Audited Account
…Invites Kyari To Speak At Its Virtual Meeting The Extractive Industries Transparency Initiatives (EITI), a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries, has commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, for honouring his commitment to promote and […]
Seplat Takes Centre Stage In Nigeria’s Energy Transition, Eyes Increased Returns, Growth
…Pays $0.05 Dividend To Shareholders Amid Prevailing Global Challenges …Targets Q4 2021 For ANOH First Gas Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange 9NSE) and the London Stock Exchange (LSE), has announced its unaudited results for the nine months […]
FG Says No More Fuel Subsidy
The Federal Government said it will not reverse the new approach of selling petroleum according to prevailing global market as it does not bhave the financial capacity to subsidize the cost of premium motor spirit (PMS) otherwise known as petrol. Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosed […]
NNPC records 19% increase in gas to power supply increase in April
The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja announced an increase of 19.14 per cent in the average daily natural gas supply to power plants which translates to 788millon standard cubic feet of gas per day (mmscfd), equivalent to power generation of 2,873MW. The NNPC, in a release by […]
Gov Bello commends Buhari for promoting indigenous capacity
Governor of Kogi State, Mr. Yahaya Bello, has commended President Muhammadu Buhari, for choosing a leading indigenous Engineering, Procurement and Construction (EPC) company, Oilserv Limited, as the lead contractor of the Ajaokuta-Kaduna-Kano (AKK) Pipeline project, which was commissioned for construction on Tuesday. Speaking during the unveiling of the plaque on […]
EKEDC warns customers to shun illegal connection
Olatunde Dodondawa Eko Electricity Distribution Company (EKEDC) has cautioned its customers against any form of illegal connection or reconnection. This followed two electrocution incidences that occurred in the Ojo area of Lagos. According to the General Manager, Corporate Communications of EKEDC, Godwin Idemudia, the company is emphasizing this position on illegal connection […]
NNPC Refineries Post N131.97bn Loss in 2018
There is no doubt the Nigerian National Petroleum Corporation (NNPC) is working hard to correct the impression of being an opaque organization. The former Group Managing Director of NNPC, late Dr. Maikanti Baru, pioneered NNPC MONTHLY FINANCIAL REPORTS in 2016. And the current NNPC GMD, Mele Kyari, did not just […]
Marketers cannot fix pump price of petrol – PPPRA
By Olatunde Dodondawa Petroleum Products Pricing Regulatory Agency (PPPRA) has stated that marketers lack the power to determine the pump price of premium motor spirit (PMS) otherwise called petrol. There were reports that marketers are now free to determine the pump price of petrol due to full deregulation of the […]
Nine vessels with stolen Nigerian crude oil arrested
Caption: Director/CEO, Department of Petroleum Resources (DPR), Engr. Sarki Auwalu. Nine vessels with stolen Nigerian crude oil have been arrested by the Nigerian Navy in the coast of Niger Delta. The Director/Chief Executive Officer of Department of Petroleum Resources (DPR), Engr. Sarki Auwalu, stated this at an interactive session with […]