Truth Is Treasure
The Police in Anambra have confirmed the death of yet to be identified woman and her child following petrol tanker fire incident recorded on Wednesday in Onitsha. SP Haruna Mohammed, Police Public Relations Officer (PPRO) in the state confirmed the death in a statement issued to journalists in Awka. Mohammed
Read More
By Mathew Dadiya, Abuja The Minister of State Petroleum Resources, Chief Timiprey Sylva has said that it would not be possible for the Federal Government to recover a whopping $62billon from International Oil Companies (IOCs) being revenue lost to oil exploration since 2003. He, however, said that negotiation with the
Read More
By Mathew Dadiya, Abuja The Federal Government Wednesday okayed N5.4 billion contracts for Ministry of Petroleum, Aviation and Transportation for the construction of Oil and Gas parks, indoor shooting range and the purchase of 300 buoys for Nigerian waterways. The Minister of State for Petroleum, Timipre Sylva, Minister of Aviation, Hadi
Read More
By Orkula Shaagee, Abuja The House of Representatives standing committee on Nigerian Content Development and Monitoring has called for the amendment of the Nigerian Oil and Gas Industry Content Development Act (NOGICD) 2010. Chairman of the committee, Hon Legor Idagbo (PDP, Cross River), who made the call during the committee’s inaugural meeting
Read More
The Federal Government says it will increase crude oil production to the national target of three million barrels per day and reserves of 40 million barrels before 2023. Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, said this while addressing the House of Representatives Committee
Read More
The Senate has mandated its Committee on Petroleum Resources Upstream to come up with a bill on amendment of the Inland Basin Production Sharing Contract (PSC) Act.This followed the adoption of a motion by Sen. Ifeanyi Ubah, (YPP Anambra) and 30 others at Wednesday’s plenary.The motion was on the
Read More
By Orkula Shaagee, Abuja The House of Representatives has mandated its Committees on Petroleum Resources (Upstream), Petroleum Resources (Downstream) and Nigerian Content and Monitoring Development to investigate the level of utilization of the Local Community and the Nigeria human and material resources by Sterling Oil Exploration and Energy Production Company
Read More
By John Onah, Abuja The Nigerian National Petroleum Corporation (NNPC) said it has signed a 875.75 million dollar funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated Oil Mining Lease (OML) 65. The Corporation in a statement by its spokesman Mr Ndu Ughamadu
Read More
From Dele Ogunyemi, Ibadan Mystery fire gutted the Apata, Ibadan depot of the Nigeria National Petroleum Corporation (NNPC) on Wednesday. The incident occurred at the loading section of the depot, according to eye witness accounts. Sources hinted that one of the tankers on loading point caught fire and spread to other parts
Read More
U.S. Southern District Court of New York has delivered judgment in favour of the Nigerian National Petroleum Corporation (NNPC) against ESSO Exploration and Production Nigeria Limited and Shell Nigerian Exploration and Production Company Limited (collectively ESSO). The Corporation disclosed this in a statement issued by Mr Ndu Ughamadu, the Spokesman for
Read More