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NNPC Assures of Availability of Petroleum Products at Easter

…As PPMC Prepares to Deploy Automation App for Marketers The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of availability of sufficient petroleum products to guarantee hitch-free celebration of Easter.   The NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, gave this assurance in a press release on Wednesday in Abuja. Dr. Obateru quoted the Managing Director ...

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OPEC: Nigeria Signs Pact to Cut Oil Production

Nigeria in a joint agreement with other OPEC+ counterparts have agreed to a curtailment of crude oil production in a bid to stabise the fluctuating oil price occasioned by the effect of the global pandemic of covid-19. The participation of Nigeria in this agreement with other OPEC menbers is part of the commitment to the framework of the Declaration of ...

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PETAN Elects Odinuwe as New Chairman, Replaces Okoroafor

The Petroleum Technology Association of Nigeria (PETAN) has elected Mr. Nik Odinuwe, the Executive Chairman of Global Lifting Services Nigeria Limited. He succeeds Mr. Bank-Athony Okoroafor who led the Association recently to a great outing in the just concluded Sub-Saharan African International Petroleum Conference (SAIPEC) held in Lagos. He emerged as the new chairman at the just-concluded annual general meeting, ...

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NNPC Link Explosion to Gas Plant near Right of Way

The Nigeria National Petroleum Corporation (NNPC), has confirmed that the explosion that occurred yesterday, in Abule-Ado area of Lagos suburb was as a result of a truck that hit some gas cylinders in a gas processing plant. According to NNPC the gas plant was located near the Corporation’s System 2B pipeline’s right of way. No fewer than 17 persons is ...

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Women have Enormous Potentials and Capabilities-NNPC Boss

The Nigerian National Petroleum Corporation (NNPC), Group Managing Director, , Mallam Mele Kyari, has said that women has enormous potentials and capacities to deliver on difficult tasks with efficiency and accuracy. He said this when a delegation of Women in Energy Network (WIEN) paid him a courtesy visit in Abuja. He assured them that NNPC  would continue to provide equal ...

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NNPC to Reduce Cost of Crude Oil Production

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that wouldalleviate the cost of crude oil production in Nigeria to create market for Nigeria’s crude and make Nigeria a choice destination for Foreign Direct Investment. Group Managing Director of the NNPC, Mallam Mele Kyari, made this known at the Central Bank of Nigeria ...

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OMSL Rescues Chinese Vessel from Pirate Attack

Ocean Marine Solutions Limited, OMSL, an indigenous company, which provides maritime, oil and security solutions, has saved Nigeria from what would have been a monumental international embarrassment. Information obtainedfrom the website of Fleetmon, builders of the world’s first public vessel data collection, has it that a general cargo ship, the Hungarian Glory, managed by Tianjin Xinhai International Ship Management was attacked ...

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Kaduna Trade Fair: NPA Boss Seeks Trade Integrations

The Nigerian Ports Authority Managing Director, Hadiza Bala Usman has said that Nigeria is blessed with enormous resources in such a way that trade and economic integration can promote development.    She stated this at the symposium to mark NPA Special Day at the just concluded 41st Kaduna International Trade Fair. Usman, who was represented by Hassan Danjuma, General Manager of ...

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Aret Adam’s Lecture: Experts Seek Solutions to Declining oil Revenue

………….say oil fortune revenue may nose-dive in the future as a result of new technologies that will reduce the use of fossil energy………………………….. At the just concluded 17th annual memorial lecture of Aret Adam’s foundation experts have advocated for diversification and robust taxation as the two key areas that can sustain the Nigerian economy and engender development in the event ...

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Insecurity, Border Closure Blamed for Low Turnout at Kaduna International Trade Fair

Participants, exhibitors and organizers of the on-going Kaduna International Trade Fair have blamed the nation’s insecurity challenges and the down turn of Nigeria’s economy particularly the closure of the borders as the factors that have led to the low turn-out at the fair. According to exhibitors the abysmal patronage at the fair is unprecedented. “Most of the expected exhibitors are ...

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