Nigeria Exit By 2020, Achieves 26% Reduction In Gas Flaring

Ndu Ughamadu, Abuja: As part of efforts to preserve the environment, the Nigerian National Petroleum Corporation (NNPC) says it has succeeded in reducing gas flaring in the Country, by 26% points in the last ten years from 36 per cent to 10 per cent, pushing Nigeria down from the second highest gas flaring nation in…

NCDMB: How to Improve Local Content For Optimum Value Creation

Coming from an international oil company, many would expect that he will have bias for the segment. But the Nigerian Content Development and Monitoring Board (NCDMB) Executive Secretary/Chief Executive Officer (CEO), Mr. Simbi Wabote, has promised not to compromise on local content development matter. In this interview with Assistant Editor EMEKA UGWUANYI, Wabote unveils his…

NNPC tenders 650-kilometre Northern gas network for contractor-financiers bidding

The Nigerian National Petroleum Corporation (NNPC) on Thursday in Abuja said it had tendered the construction of 650 kilometres Northern gas line network to contractor-financiers for bidding. The NNPC Group Managing Director, Dr Maikanti Baru, said this at an interactive session with newsmen at the 2017 Annual Society of Petroleum Engineers/Oloibiri Lecture Series and Energy……

Measures to Sustain Products Supply Nationwide – NNPC

Ndu Ughamadu,Abuja: The Nigerian National Petroleum Corporation (NNPC) has announced elaborate measures to sustain supply of Premium Motor Spirit, (petrol), Automotive Gas Oil, diesel, and Dual Purpose Kerosene, DPK, otherwise called kerosene, nationwide. These measures include: increasing the February supply of Premium Motor Spirit (PMS), by six additional cargoes to the existing national PMS sufficiency…

NNPC Subsidiary Explains Shortfall In The Supply of Gas Production

Ndu Ughamadu, Abuja: The Nigerian Petroleum Development Company, NPDC, an upstream subsidiary of the Nigerian National Petroleum Corporation, NNPC, has explained the gap in its supply of gas for power generation. In a presentation to the House Committee on Local Content, Managing Director of the Company, Mr. Yusuf Matashi, noted that the pulverization of the…

Oil and Gas sector to receive legislative support of National Assembly

The Senate Committee on Gas has assured the Nigerian Liquefied and Natural Gas, NLNG, that it will oppose any Bill proposed to the National Assembly for the purpose of tampering with the core functions of the company. The Chairman of the Committee, Senator Bassey Albert gave the assurance when the committee visited the plant in…

Nigeria lost $376.5m to militants attacks on gas facilities in 3 months –NNPC 

At least $376.5bn was lost as a result of militants’ attacks on gas facilities in Nigeria between June and September 2016. This resulted from a 45 per cent drop in production of the Joint Venture assets and the Nigerian Petroleum Development Company (NNPC) within the period. The NNPC latest monthly report, which disclosed this, stated that about 139.58 billion standard cubic feet (scf) of gas produced by JV assets and 17.70 billion scf by the NPDC in July, went down from 173.8 billion scf and 24.4 billion scf for January up till May 2016.  Current international market price of natural gas is $2.95 per…

FLASH| Gunmen Abduct 15 Oil Workers

Unknown Gunmen have abducted 15 workers of Nestoil in Rivers State A police spokesman in Rivers state said Saturday that the oil workers were on their way to the facility in Port Harcourt when they were kidnapped late on Friday. “Fifteen oil workers, including their driver, were abducted yesterday (Friday) by unknown gunmen who hijacked their…

Saraki: Accountability, Key To North East Development Plan

Senate president, Dr. Abubakar Bukola Saraki, yesterday warned that without accountability and stringent oversight, the efforts to rehabilitate the insurgency-ravaged north east zone would fail. Saraki’s statement signed by his special adviser on media and publicity, Mr. Yusuf Olaniyonu, was in response to the conclusion of a four-day visit by the United Nations special rapporteur…

Accountability key to North East development plan – Saraki

Senate President, Abubakar Bukola Saraki, Friday said that accountability and oversight were necessary components in the country’s efforts to rebuild the insurgency-ravaged North East zone. A statement by the Special Adviser (Media) to the Senate President, Yusuph Olaniyonu, said that Saraki was responding to the conclusion of a four-day visit by the United Nations Special Rapporteur…

Uzbekistan President Karimov is dead

Late President Islam Karimov, Three diplomatic sources on Friday in a report in Tashkent confirmed the death of 78 years old, Uzbek President, Islam Karimov, after suffering a stroke. The Uzbek government did not immediately confirm the reports but agreed that the health of Karimov, who has been in the hospital since last Saturday, had…