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Tag: oil company

Customs: Has Been Releasing Way More Fuel Than Nigerians Need Daily

Nigerian National Petroleum Corporation (NNPC)
The Nigeria Customs Service (NCS) has said the Nigerian National Petroleum Company Limited cannot justify the volume of Premium Motor Spirit, otherwise known as petrol, being consumed in the countryRead More

Shell, Eni Declare Force Majeure After Attacks On Oil Facilities In N’Delta

Shell Plc and Eni SpA
Shell Plc and Eni SpA both declared force majeure on key oil flows from Nigeria, threatening to disrupt supplies in a market already fretting about the impact of Russia’s invasionRead More

FG Urges Turkey To Invest In Nigeria’s Onshore Oil Assets

Minister of State for Petroleum Resources, Chief Timipre Sylva
The Nigerian government yesterday called on the Turkish authorities to look at the prospect of funding major oil and gas projects in the West African country, against the backdrop ofRead More

Nigeria Recorded Biggest Oil Disruption In Months, Loses 7.5m Barrels In January

Crude oil
NNPC exceeds pipeline maintenance cost by N324m Nigeria has recorded its highest monthly crude oil loss in a long time as a result of disruptions due to maintenance, community issuesRead More

Governors Doubt NNPC’s N287bn Profit, Call For More Transparency

Nigeria Governors Forum (NGF)
Bemoan oil firm’s inability to contribute to Federation Account in January The Nigeria Governors Forum (NGF) yesterday questioned the veracity of the profit recently declared by the Nigerian National PetroleumRead More

Security Agencies Move Against Importers Of Off-spec Petrol

Nigerian National Petroleum Corporation (NNPC)
Begin interrogation of suspects Despite NNPC’s efforts, petrol queues persist in Abuja, Lagos Security agencies have begun the probe of companies and individuals allegedly involved in the importation of toxicRead More

Aiteo Mobilises Massive Equipment To Halt Bayelsa Gas Leak

Aiteo
After days of waiting, Aiteo Eastern Exploration Company (AEEPCO) yesterday succeeded in mobilising heavy equipment to the site of the Santa Barbara wellhead leak in Nembe, Bayelsa state, in whatRead More

Aiteo: We’re Working With Experts To Curb Bayelsa Oil Spill

Aiteo
Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the Nigerian National Petroleum Corporation/Aiteo Joint Venture (JV), Oil Mining Lease (OML) 29 yesterday disclosed that it was working with bothRead More

NNPC Records N1.29trn Revenue Shortfall In Nine Months

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) posted a revenue deficit of N1.29 trillion between January and September this year, latest data from the national oil company has shown. Despite itsRead More

NNPC-Chevron Venture Donates 186 Equipment To Ijaw, Itsekiri Cottage Hospitals

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Ltd Joint Venture (CNL)
The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Ltd Joint Venture (CNL) has donated an assortment of hospital equipment and pharmaceutical products to two cottage hospitals at Egbema-Gbaramatu KingdomRead More