I’m confident Kyari, new COOs ‘ll deliver —Baru

Encomiums have continued to pour in for the appointment of the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari. Leading the torrent of commendation is... Read more »

Why Buhari removed Maikanti Baru as NNPC GMD

Damilola Shittu – Abuja Following the removal of Dr Maikanti Baru as the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) and appointment of Mr Kolo Kyari as the new... Read more »

Anadarko signs off with Mozambique LNG FID

Mozambique’s long-awaited giant LNG project is now set for completion Anadarko’s positive final investment decision on the $20 billion-plus Area 1 Mozambique LNG project is a significant achievement for a development that... Read more »

Shell expands gas distribution capacity in Nigeria

By Oke Peter Shell Nigeria Gas says it has increased its gas distribution capacity by over 150 percent following the safe completion of its second gas train, the Agbara-Ota Capacity Increase Project.... Read more »

Seplat royalties dispute highlights Nigerian corporate tax dangers

Shares of Nigerian oil producer Seplat were quick to rally in London after the company denied claims by a Nigerian presidential investigation panel that the company had failed to make royalty payments... Read more »

Concern as DPR revokes six oil licenses

The Department of Petroleum Resources (DPR) has revoked five Oil Mining Licences and one Oil Prospecting Licence belonging to five companies. In a public notice issued on Thursday by the regulatory body,... Read more »

Presidential panel uncovers NNPC’s dollar accounts, asks bank to remit $2m proceeds into TSA

The Special Presidential Investigation Panel for the Recovery of Public Property has uncovered eight-dollar accounts and other naira accounts said to be kept by the Nigerian National Petroleum Corporation (NNPC) with the... Read more »

Gas projects ’ll boost GDP by $50bn in 2021, says NNPC

By Oke Peter The Nigerian National Petroleum Corporation (NNPC) has said with the 3,500 million standard cubic feet per day of additional gas to be supplied from seven critical gas development projects,... Read more »

Senate confirms N11trn oil subsidy payment, okays N129bn for marketers

Jumoke Adelabu – Abuja The Senate on Thursday confirmed the payment of N11 trillion as fuel subsidy claims in the last six years. The chairman of its Committee on Petroleum Downstream, Kabir... Read more »

Oil, gas investment opportunities abound in Africa —Seplat Director

Seplat Petroleum Development Company Plc’s Operations Director, Mr Effiong Okon, has stated that Africa is the destination for gas development and investment. He gave this insight in his keynote address at the... Read more »