Oil & Gas

Nembe Oil Spill: Aiteo Deploys Clean Up Equipment

Friday, November 26, 2021
Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / A igrave;teo Joint Venture on OML 29, has reached an advanced stage to cap the broken wellhead at its Santa Barbara, Southwest field, in Nembe Local Government Area of Bayelsa State. It also on Wednesday assured the ...

NAEC hosts policy debate on Nigeria’s energy future

Tuesday, October 19, 2021
The apex body of specialized reporters covering the Nigerian energy industry will in November 2,2021 provide a credible platform for industry policy drivers, players and stakeholders to examine the country rsquo;s new fiscal landscape and investment outlook. In a statement released by Association ...

President Buhari Seeks Amendment Of Recently Signed Petroleum Industry Act

Tuesday, September 21, 2021
Barely five weeks after signing the Petroleum Industry Bill (PIB) into law, President Muhammadu Buhari has written to the Senate seeking amendment of the Act. The Senate President, Ahmad Lawan, read Buhari rsquo;s letter on the floor of the upper legislative chamber on Tuesday. The president w ...

Mele Kyari Can’t Be Distracted – Alliance 

Monday, September 13, 2021
The Integrity Youth Alliance has condemned the smear campaign against the unprecedented performance of the Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kolo Kyari According to a press release on Monday, 13th September, 2021 in Abuja, the National Coordinator ...

NNPC Can’t Go Bankrupt With Mele Kyari On Board

Saturday, September 11, 2021
ldquo;Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall rdquo; - Stephen Covey I recently came across a glaring headline titled ldquo;Audit of NNPC rsquo;s account shows corporation could go ba ...

NNPC’s ₦287bn Profit After Tax: Group Counters Atedo Peterside

Monday, August 30, 2021
The Integrity Youth Alliance has called on the Founder of IBTC Stanbic Bank, Atedo Peterside to take time whenever he is online to go through the website of the Nigerian National Petroleum Corporation to get the facts behind the figures of the NNPC rsquo;s N287bn profit. In a press release on Sun ...

NPDC Takes Over Oml 11 After Appeal Court President …as Nnpc Warns Shell Against

Friday, August 20, 2021
Following the Appeal Court rsquo;s Judgement affirming the Nigerian National Petroleum Corporation operatorship of Oil Mining License 11 (OML 11), the Nigerian Petroleum Development Company has taken over the assets with operations in full gear. The company is also working closely with all stakeh ...

Experts Blame Govs, Nddc For Oil-producing Communities’ Underdevelopment

Wednesday, July 28, 2021
As the controversy surrounding the provision of just three percent of operator rsquo;s expenditure as funding for oil-producing communities in the Petroleum Industry Bill rages, energy experts have blamed state governors in the region and the Niger Delta Development, NDDC, for the lack of developmen ...

Oil Price Edges Up To $69pb After Slumping To Eight-week Low

Wednesday, July 21, 2021
Brent, Nigeria rsquo;s oil price benchmark steadied at $69.14 yesterday after a coronavirus-driven fall on Monday that saw prices tumble to an eight-week low of $68.62 per barrel. The commodity rsquo;s upward trajectory was reversed with the latest virus waves demonstrating the uneven nature of t ...

Vetiva Capital Counters Dpr, Says Petrol Can’t Sell At N1,000/litre

Wednesday, July 21, 2021
Vetiva Capital has picked holes with the projection by the Department of Petroleum Resources that prices of Premium Motor Spirit may hit N1,000 when subsidy is fully removed. The DPR Director, Sariki Auwalu, during an event on the lsquo;Future of Nigerian Petroleum Industry rsquo; in Lagos said ...
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