The Nigerian National Petroleum Corporation (NNPC), at the weekend, said the oil firm would declare profit by year-end after decades of barely staying afloat as the corporation has so far reduced losses by a whooping N803 billion. Specifically, the Group’s performance-to-date operating surplus hit N20.23b in August, as against the projected N691.8b for the year, giving an indication that its ...

The Senate Committee on Gas has commended the Nigerian National Petroleum Corporation (NNPC) on the various gas development projects it has undertaken, especially the Ajaokuta- Kaduna- Kano (AKK) gas pipeline project. Speaking during the 2021 Budget Defense and Performance Appraisal meeting with officials of the Corporation which held at the National Assembly Complex, Chairman of the Committee, Senator James Manager, ...

……..by Jenifer Dike……….. The Managing Director and Chief Executive Officer of the Nigerian Liquified Natural Gas, Tony Attah, has said that the Train 7 project will help to demonstrate the improved capacity of Nigerian companies as 55 percent of project work will be domesticated. This he noted will further sbow that the newly signed Train 7 project of the Nigerian ...

A group of Leaders in Opu Nembe community (Nembe- Bassambiri) in Nembe Local Government Area of Bayelsa State have distanced themselves from the quit notice served on AITEO Eastern Exploration and Production Limited over the operations of Oil Mining License (OML) 29. The Council of Chiefs at a press conference over the weekend had asked Aiteo to hands off the ...

………….by Abisoye Shola……. The Nigeria Liquefied Natural Gas (NLNG) Limited plans to increase supplies of Liquefied Petroleum Gas (LPG) into the domestic market with 100, 000 metric tons from 350,000 metric tons to 450,000 metric tons next year has been commended. The Managing Director of NLNG, Mr. Tony Attah had said that the plan by his company to increase supplies ...

The Department of Petroleum Resources (DPR) says it shut down 85 Liquefied Petroleum Gas (LPG) plants in Lagos from January to October, for operating illegally. Mr Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos, made this known while speaking with newsmen during a public sensitisation exercise on safe usage of LPG. It was organised by the agency in some parts of ...

…….by Jenifer Dike……. Total NIgeria Plc, the downstream arm of the French oil firm in Nigeria is partnering with Kwik Delivery a courier firm on e-commerce and delivery services in Nigeria. Kwik Delivery and Total Nigeria Plc will enable businesses to use TOTAL service stations as secure pickup locations of essential documents issued by the Corporate Affairs Commission to Nigerian ...

The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country. Group Managing Director of the Corporation, Mallam Mele Kyari, stated this while delivering a goodwill message at the opening ceremony of the 38th Annual International Conference and Exhibition of ...

Vice President Yemi Osinbajo, has called for a concerted effort by government and professional groups to develop a secure and sustainable energy supply system to facilitate development agenda of government. Osinbajo, said sustainable investment in alternative energy is key to rescue Nigeria from under-development and boost industry output. Speaking at the 38th Annual International Conference and Exhibition of the Nigerian ...

The National Association of Petroleum Explorationists (NAPE) has called for the creation of a Special Energy Bank to finance oil and gas development projects. NAPE made the call in a communique issued on Tuesday. The communique, read Mr Kazeem Koleoso, was from the pre-conference workshop of its ongoing 38th Annual International Conference and Exhibition in Lagos. The conference has the ...