53m barrel loss creates $2.4m hole in Shell’s 2014 account

Shell Petroleum Development Company of Nigeria (SPDC) assessed its operations for 2014 and announced that it lost 53.4 million barrels of oil valued $2.4 million...

NNPC Lifts Embargo on 113 Crude Oil Vessels

The Nigerian National Petroleum Corporation, NNPC on Thursday announced the lifting of the embargo earlier placed on some 113 Vessels banning them from engaging...

Kachikwu Assures Kaduna Refinery of Enablers to Operate Optimally

The Group Managing Director of the NNPC,  Ibe Kachikwu, has assured that the corporation will provide all the necessary enablers to make Kaduna Refining...

NNPC Revises Oil Lifting Contract award

In a novel move to instill transparency and probity in the award of the annual Crude Oil Term Contract, the Nigerian National Petroleum Corporation,...

NNPC Announces cost reduction measures, Cancels Crude oil delivery contracts to Refineries

In a manner that indicates a reform of its operations, the Nigerian National Petroleum Corporation, NNPC, has announced new measures aimed at cost reduction and strengthening...

Industry operators oppose Refineries’ sale

Opposition are mounting against the sale of the four refineries of the Nigerian National Petroleum Corporation NNPC but are in support of weaning them from...

Excess Crude Account Still Intact

The Presidency has denied reports that the Excess Crude Account has been liquidated and used as Presidential relief package for states and local government. The excess crude...
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