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All posts tagged "Nigerian National Petroleum Corporation"

  • Theft: Oil production drops by 150,000 barrels

    Oil production in the country has dropped by 150,000 barrels of oil per day following the shut down of the Trans Niger Pipeline by Shell Petroleum Development Company. The Corporate Media Relations Manager, SPDC, Mr. Precious Okolobo,...

    • Posted September 25, 2013
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  • Nigerian insurers lose billions of Naira to oil industry premium flight

    The woes of Nigeria’s domestic insurance industry operators may not go away any time soon, except they pool capacity to underwrite big ticket risks and put an end to the issue of premium flight in the oil...

    • Posted August 14, 2013
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  • NNPC frets over US shale oil discovery

    The discovery of shale oil by the United States to meet its domestic crude oil needs may adversely affect Nigeria’s revenue. As a result, the Nigerian National Petroleum Corporation has expressed fears, saying the US might go...

    • Posted June 24, 2013
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  • Chevron to sell stake in Nigerian oil blocks

    An international oil company operating in Nigeria, Chevron, has announced its intention to divest its stakes in two shallow water oil blocks in the country. The company said on Tuesday the two oil blocks, OML 83 and...

    • Posted June 12, 2013
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  • Independent marketer blames NNPC for kerosene scarcity

    An authoritative source has said that kerosene was scarce in the country because the Nigerian National Petroleum Corporation (NNPC) was the sole importer of the product. The source, a notable independent marketer of petroleum products, who, however,...

    • Posted April 13, 2013
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  • Deals with NNPC: Zambia’s ex-leader pleads not guilty

    Zambia’s ex-president Rupiah Banda on Tuesday pleaded not guilty to a charge of abuse of power linked to an oil contract signed while he was in office. He was arrested on Monday after being questioned by investigators...

    • Posted March 27, 2013
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  • Fresh pressure on FG to hands off refinery ownership

    Industry watchers say that the best way to make the nation’s four comatose refineries begin to function properly would be for the government to get out of the business of owning refineries. They say that if alternatively,...

    • Posted March 25, 2013
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  • Reps frustrate NNPC’s effort to cover finances of 16 subsidiaries

    The House of Representatives, yesterday, frustrated efforts by Nigerian National Petroleum Corporation, NNPC, to cover the financial records of its 16 subsidiaries. This was disclosed by Chairman of the House Committee on Finance, Abdulmumuni Jibrin, during an...

    • Posted March 19, 2013
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  • PIB: Uncertainties stall Shell’s $30bn investment

    The Country Chair of Shell Companies in Nigeria and Managing Director of the Shell Petroleum Development Company of Nigeria Limited, SPDC, Mr. Mutiu Sunmonu, has said that the non-passage of the Petroleum Industry Bill, PIB, is among...

    • Posted February 21, 2013
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  • Power: Domestic obligation stalls FID on gas export

    Focus on meeting domestic gas obligations is one of the reasons the Federal Government is unable to fast track the taking of final investment decisions, FID, on major gas export projects. For years government has dilly dallied...

    • Posted February 19, 2013
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