Chevron rig explosion: Bayelsa communities seek redress in U.S. court

Coastal communities in Bayelsa impacted by the January 16, 2012 KS Endeavour Rig Explosion in Chevron’s oil field have dragged the oil firm to...

101 firms compete NNPC OPA deal

The Nigerian National Petroleum Corporation, NNPC, on Thursday harvested 101 bids at the public opening of bids for the award of Offshore Processing Arrangements,...

NNPC secures $1.2 bn Alternative Funding Arrangement for 36 Oil Wells

In a landmark move designed to supplement the Federal Government’s Cash- Call commitment, the Nigerian National Petroleum Corporation, NNPC has secured a $1.2 bn...

NNPC to Review Deep Offshore Production Agreements with Oil Companies

 In a view to seek favourable benefits to Nigeria based on prevailing realities in the oil and gas industry, the Nigerian National Petroleum Corporation,...

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...