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Oil and Gas

PETROLEUM MINISTER HANDS OVER FIVE UNITS OF C.N.G BUSES TO ORGANIZED LABOUR

The Minister of State for Petroleum Resources, Chief Timipre Sylva has officially handed over five units of Compressed Natural Gas (CNG) powered Buses to organized Labour. This is in fulfilment of the promise made at the launch of the AUTOGAS scheme on 2nd, December 2020, whereby the ministry promised to …

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N.N.P.C’S GROUP MANAGING DIRECTOR SAYS THERE IS NO PROVISION FOR FUEL SUBSIDY IN PROPOSED 2021 APPROPRIATION ACT

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari says there is no Provision for Petroleum subsidy in the proposed 2021 appropriation act. The GMD said Fuel subsidy no longer exists as the country does not have the financial capability to fund it. Speaking on …

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PPMC INCREASE FUEL PRICE

The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre. The PPMC disclosed this in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, …

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MONEY APPROPRIATED FOR 2021 BUDGET INADEQUATE- MINISTER OF POWER

The minister of power, Alhaji Mamman Saleh said the money appropriated for the ministry in the twenty twenty-one budget proposal was inadequate. Alhaji Saleh made this known during twenty twenty-one budget defence before the senate committee on power chaired by senator Gabriel Suswan in Abuja. He said that the one …

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SUBSIDY REMOVAL WILL SAVE BILLIONS OF NAIRA – FG

The Federal Government says the subsidy removal in the oil sector was aimed at saving billions of Naira for the country. The Minister of Information, Culture, and Tourism Alhaji Lai Mohammed stated this in a joint news briefing attended by the Minister of State for Petroleum Resources Mr. Timipre Silva …

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PRESIDENT BUHARI REITERATES IMPORTANCE OF OIL AND GAS AT PENGASSEN CONFERENCE

President Mohammadu Buhari has reiterated the centrality of the Oil and Gas sector to the infrastructural and economic development of Nigeria. The President who was represented by the Minister of Petroleum Resources, Chief Timipre Sylva made the affirmation while delivering his welcome address at the 6th Triennial National Delegates’ Conference …

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FEDERAL GOVERNMENT SECURES $6.150 BILLION DOLLARS FOR ELECTRICITY PROJECTS

The Minister of Power, Engineer Sale Mamman disclosed that $6.150 billion dollars has been secured by the government for the development of critical power projects in Nigeria. According to him, $2.3 billion dollars has been earmarked for the Siemens project and $1.6 billion for the Transmission Rehabilitation and Expansion Programme. …

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MINISTER OF PETROLEUM RESOURCES REITERATES COMMITMENT TO UNINTERRUPTED POWER GENERATION

The Minister of State for Petroleum Resources, Chief Timipre Sylva has reiterated the commitment of the Federal Government’s efforts in channeling flared gas towards the generation of electricity. The minister disclosed that the growth of the Nigerian Economy is predicated on uninterrupted power supply, therefore, the Government through the Ministry …

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       The Group Managing Director, of the Nigerian National Petroleum Corporation Mallam Mele Kyari, has tasked staff of the corporation to deploy pragmatic solutions into their daily official duties to make National Oil Company result oriented.     Mallam Kyari gave the charge at the graduation and send …

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NNPC RECORDS NEW GAS DISCOVERIES IN THE NIGER DELTA

By Joycelyn Alakache The Nigerian National Petroleum Corporation says significant gas condensate has been found in the deeper sequences of the Obiafu-Obrikom fields, in OML61, onshore Niger Delta. The NNPC says the discovery was made through its affiliates operators ENI, NAOC and Oando, saying the Obiafu-41 Deep Well has reached …

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