Oil and Gas

The Nigerian National Petroleum Corporation (NNPC) has disclosed that oil theft led to the loss of $750m (an equivalent of N272.2b) last year. Regarded as an illegal way of taking crude or refined oil products from the pipelines of oil ...

OF the $1 billion recommended for the cleanup of Ogoniland, the Nigerian National Petroleum Corporation (NNPC) and its joint venture (JV) partners – Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG) and Nigerian Agip Oil Company ...

The Akwa Ibom House of Assembly has directed the Nigerian National Petroleum Corporation (NNPC) to take immediate steps to relocate the head offices of the Department of Petroleum Resources (DPR) and the National Petroleum Investment Management Services (NAPIMS) to the ...

A Niger Delta militant group, the Joint Revolutionary Council (JRC) has demanded that the Presidential Amnesty Programme (PAP) be transferred to the office of the Chief of Staff (COS) to the President and head of the Nigerian National Petroleum Corporation ...

Akwa Ibom State Government has said it will seek a revised Memorandum of Understanding (MoU) with international oil companies (IOCs) and oil services firms to effectively address the needs and challenges of host communities. Commissioner for Environment and Petroleum Resources, ...

Former representative Rivers South-East Senatorial District, Magnus Abe, has expressed concern that the $1 billion Ogoni Trust Fund may fall victim of the Nigerian factor and ultimately not benefit the Ogoni people. He said he has a feeling that the ...

The Senate has said all Nigerian National Petroleum Corporation (NNPC) transactions should be completely overhauled to enhance transparency and accountability and ultimately block all leakages in the system. It explained that the development stemmed from mounting concerns over increasing leakages ...

The Department for Petroleum Resources (DPR) in Rivers State has sealed 24 illegal gas outlets and rejected over 20 applications for license by gas dealers over failure to meet standard operational requirements. Its Zonal Controller, Bassey Nkanga, disclosed this in ...

President Muhammadu Buhari has ordered the Nigeria Air Force (NAF) to deploy fighter aircraft for effective air attacks against bandits, kidnappers and cattle rustlers terrorising communities around Dogon Gona forest in Niger State. The President, who described the repeated attacks ...

The Federal Government has filed fresh 42-count charges against former Attorney General of the Federation (AGF) and Minister of Justice, Mohammed Bello Adoke and six others over alleged fraud in the $1.1 billion Malabu Oil deal. In a charge number ...