34 firms bid for NNPC digitisation project

The Nigerian National Petroleum Corporation (NNPC) on Tuesday received 34 bids by different companies for the digitisation of legacy documents in the corporate headquarters. A statement in Abuja by Mr Ndu Ughamadu, NNPC Group General Manager, Group Public Affairs Division, said the bidding was conducted in the presence of representatives of the bidding companies and……

Capital Oil vs NNPC | 25 Points Nigerians should note

1- There is what is known as “Throughput contents” in the contract document between NNPC and Capital Oil . The “Throughput” agreement, in accordance with the norms and practice in the industry worldwide, allow conversion and diversion of its products by the ‘Operator’ so long as the Operator is prepared to re-deliver the products (in…

DSS want Ifeanyi Ubah sentenced to death for economic sabotage

The Department of State Services have recommended death penalty for the Chief Executive Officer of Capital Oil, Ifeanyi Ubah for allegedly diverting about 80 million liters of Premium Motor Spirit, also known as Petrol, kept in his custody by the Nigerian National Petroleum Corporation (NNPC). The DSS on Tuesday told a court in Lagos that what……

Ifeanyi Ubah risks death row for allegedly diverting N11bn PMS, DSS says

The Department of State Services (DSS) has said that the alleged diversion of about 80 million litres of Premium Motor Spirit (petrol) belonging to Nigeria National Petroleum Corporation (NNPC) by the Chief Executive Officer of Capital Oil and Gas Limited, Ifeanyi Ubah, is punishable by death. DSS accused Ubah of shunning NNPC’s several demands to…

Is NNPC really open for business?

At the recent 2017 Offshore Technology Conference (OTC) in Houston, Maikanti Baru, Group Managing Director of Nigerian National Petroleum Corporation (NNPC) said, the “NNPC is here and we are open for business.” The national oil company have taken to critical actions to perpetuate this notion. This month, it awarded the Ajaokuta-Kaduna-Kano (AKK) natural gas pipeline……

Ifeanyi Ubah: Diversion of N11bn PMS punishable by death, says DSS

The Department of State Service (DSS) says the  alleged diversion of N11bn worth of petroleum products could cause economic sabotage, which is punishable by death. The agency has accused Ifeanyi The post Ifeanyi Ubah: Diversion of N11bn PMS punishable by death, says DSS appeared first on TheCable.

Second vessel set to load at forcados terminal as facility undergoes testing

 Despite denials by stakeholders that forcados crude oil  pipeline have  not resumed operations  two  vessels  have  berthed at the facility to lift  crude. The stakeholders include Shell petroleum Development Company, Seplat, Midwestern Oil and Gas and Niconde, most of the companies that purchased the 45 per cent stake of Shell in the NNPC Shell joint ……

Nigeria finalises $6bn crude oil deal with 10 firms –NNPC

Nigeria is on the verge of signing a $6 billion deal with 10 companies for crude oil exchange for refined products to take off by July 1 2017. The Nigeria National Petroleum Corporation (NNPC) on Thursday, said that the contract terms will see at least 300,000 barrels per day (bpd) of crude oil being swapped…

Senate threatens NNPC, CBN over failure to submit 2017 Budget

The Senate has threatened to move against Federal Government corporations, agencies and parastatals who have yet to submit their 2017 budgets to the legislature. At the plenary on Tuesday, the upper chamber of the National Assembly threatened to bar affected agencies from spending on their capital projects. The threat came when the Deputy Majority Leader, Senator…

NNPC Chief Executives sign performance bond

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, on Thursday, directed the Corporation’s Chief Operating Officers to sign performance bonds.

NNPC Chief Executives sign performance bond to maximise profit

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, on Thursday directed the Corporation’s Chief Operating Officers to sign performance bonds. The NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, said in a statement released in Abuja that those that took part in the exercise included the……

NNPC executives sign performance Bond with GMD

The transformation of the Nigerian National Petroleum Corporation (NNPC) into a commercially focused and profitable business organization has been reinstated, with the signing of a performance bond by the Chief Operating Officers (COO) of the five autonomous business units and two directorates with the Group Managing Director (GMD), Maikanti Baru. The performance bond, tagged: “Corporate……