Energy

An organisational restructingl recently carried out by Total Energies Marketing Nigeria Plc, formerly known as “Total Nigeria Plc’ has led to allegations that the multinational oil company is trying to cover bribery, abuse of office and corruption. In Total Nigeria Upstream, the unions have opposed the changes with some members …

The National Union of Pe­troleum and Gas Workers (NUPENG) has announced the suspension of the pro­posed strike by its affiliate members, Petroleum Tanker Drivers (PTD). The strike, which would have commenced today, was called off due to the interven­tion of the Federal Govern­ment. According to the News Agency of Nigeria …

Aiteo Eastern Exploration and Production Company Limited has instituted a legal action against Shell Petroleum Development Company of Nigeria, seeking the sum of over $2.5 billion compensation over the sales of Oil Mining Licence 29. Aiteo in the court action dated July 27, 2021 as accusing Shell of selling two …

President Muhammadu Buhari of Nigeria has directed the incorporation of the Nigerian National Petroleum Company Limited. Malam Garba Shehu, the President’s Spokesman in a statement on Sunday in Abuja, said the president gave the directive in his capacity as the Minister of Petroleum Resources. According to him, this is in …

The Department of Petroleum Resources (DPR) has reopened eight petroleum products depots shut down by the Lagos State Physical Planning Permit Authority (LASPPPA) in Ijegun-Egba, Satellite Town area of the state. Mr Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos Zone, told the News Agency of Nigeria (NAN) in Lagos on …

Following up on President Muhammadu Buhari’s recent announcement of the declaration of two hundred and eighty seven billion Naira (N287bn) Profit After Tax (PAT) in year 2020 by the Nigerian National Petroleum Corporation (NNPC), the Corporation has consolidated on the remarkable achievement, by publishing the Audited Financial Statements (AFS) on …

The Nigerian National Petroleum Corporation (NNPC) has explained that concerted efforts by the Corporation and some Federal agencies to combat the menace of smuggling of petroleum products have been largely hampered by existing arbitrage fueled by the prevailing huge price differentials in pump price of petrol in Nigeria and neighbouring …

The Nigeria LNG Limited (NLNG) has reacted to a newspaper report article titled “How high cost of cooking gas leaves Nigerians with deadly alternatives” where it was inaccurately stated that NLNG produces 22 Million Tonnes Per Annum (MTPA) of Liquified Petroluem Gas, otherwise known as cooking gas instead of  22 …

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) Mele Kyari has said the decision to acquire 20 percent equity from Dangote refinery was a strategic business decision that will ultimately benefit the nation. Kyari, who spoke while responding to questions from members of the House of Representatives …

The president signed the Petroleum Industry Bill 2021 into law on Monday. Working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday August 13, the President assented to the Bill in his determination to fulfill his constitutional duty. …