By Ikenna Omeje The Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards for its stellar performance at the 8th Edition of the East African International Arbitration Conference (EAIC) and saving billions of dollars in liabilities for Nigeria. The corporation’s Group General…
The Director of the Department of Petroleum Resources (DPR), Sarki Auwalu, on Wednesday, said the department generated a total sum of N742,471,639,376.96 billion for the Federal Government in eight months – January to August 2020. Auwalu made the disclosure during a visit of the Federal House of Representatives Committee on Petroleum Resources (Upstream) to the DPR headquarters…
The Nigerian National Petroleum Corporation (NNPC) says its trading surplus increased by 860 percent from N2.12 billion in June to N20.36 billion in July 2020. The figures are contained in the recently released July 2020 NNPC monthly financial and operations report (MFOR). In a statement released by Kennie Obateru, the group general manager of its…
By Ikenna Omeje Following the inauguration of the West African arm of the global community for the collaborative development and sharing of power system expertise known as the “Congrés International des Grands Réseaux Electriques (International Council of Large Electric Networks), West Africa National Committee (CIGRE- WANC)” ,the Managing Director of the Transmission Company of Nigeria…
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, has said that over N10 trillion was spent on fuel subsidy between 2006 and 2020 without a significant impact on the masses. He said because Premium Motor Spirit (PMS) was cheaper in the country as a result of subsidy, some marketers were…
The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Rivers State government have inaugurated the Egi/Igburu Cluster Development Board (CDB) for pipeline communities to SPDC’s Assa North/Ohaji South Gas project. According to SPDC, the project has a capacity for 300 million standard cubic feet of gas per day, and the potential to be one…
By Ikenna Omeje The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Engr. Chidi Izuwah, has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) for totally driving a transparent bid opening processes for the rehabilitation of NNPC pipelines and its critical downstream infrastructure. Izuwah noted that the national oil company is showing…
Fear of fuel scarcity looms as the Nigerian Association of Road Transport Owners (NARTO) will on Tuesday (today) stop ferrying petroleum products in protest against the ban on 45000-litre capacity trucks by the Federal Government, News Agency of Nigeria (NAN) reports. According to NAN, the national president of NARTO, Alhaji Yusuf Lawal who disclosed this…
By Ikenna Omeje The United Nations Initiative, on Monday, confirmed Italian energy giant, Eni, as Global Compact LEAD participant for the third year, in a sign of the company’s ongoing commitment to the United Nations Principles for responsible business. Eni was identified among the most engaged companies to lead a new era of sustainability, at…
In its drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, Royal Dutch Shell is looking to slash the cost of oil and gas production by up to 40 percent, Reuters reports. Shell launches major cost-cutting drive – sources According to Reuters, the company’s new…
