The quest of Ogun State to be an oil-producing State would soon materialize as the Nigerian National Petroleum Corporation Limited (NNPCL), is set to begin oil and gas exploration in the Gateway State. Stakeholders in the oil industry, including the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, Managing Director, SHELL Petroleum Development Company Ltd, Mr. Osagie Okubor; Chief …

As fuel scarcity deepens across the country, marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have said their National Executive Council (NEC) would be meeting officially on Monday to find a lasting solution to the problem. Speaking exclusively with Sunday PUNCH on Saturday, the National President of IPMAN, Hammed Fashola, said that Monday’s meeting became …

NNPC Limited (NNPCL) began offloading 240 million litres of Premium Motor Spirit (otherwise called petrol) on Monday, as it stepped up efforts to tackle the worsening nationwide petrol scarcity. But filling stations in various locations sold the product at an average price of N800 per litre. According to The PUNCH, the South-West Regional Coordinator of the Nigerian Midstream and Downstream …

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the nnpc Limited over the “failure to account for and explain the whereabouts of the alleged missing $2.04 billion and N164 billion oil revenues”. According to SERAP, this followed the allegations documented in the recently published 2020 audited report by the Auditor-General of the Federation that NNPCL failed …

Petrol shortages facing Abuja and neighbouring states intensified yesterday as more stations ran out of the product leaving commuters and motorists struggling to go about their daily business. Chaos reigned at few filling stations dispensing the product with black marketers hiking petrol price to N1,500 per litre from N1,000 per litre sold the previous day. Checks around the city showed that …

Group Chief Executive Officer (GCEO) of NNPC Limited, Mallam Mele Kyari has been honoured with the Energy Times’ GCEO of the Year Award in recognition of his commitment to accountability, transparency, and performance excellence. The company’s Chief Corporate Communications, Mr. Olufemi Soneye received the award on behalf of the NNPC boss, in a ceremony held at the Eko Hotel & …

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset also known as Madu Field. Production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected to be at …

The Senate is probing the financial records of 774 federal agencies including the Nigerian National Petroleum Corporation Limited (NNPCL), and the Nigerian Maritime Administration and Safety Agency (NIMASA), based on the queries raised against them in the 2019 report of the Auditor General for the Federation. The Chairman of the Senate Public Account Committee, Aliyu Wadada, disclosed this on Friday …

Petroleum marketers say the non-availability of Premium Motor Spirit in filling stations located in Lagos and Ogun states is as a result of a shortage in supply. Similarly, the Nigerian National Petroleum Company Limited (NNPCL) confirmed that there were no products in its Apapa depots. Saturday PUNCH reports that long queues resurfaced in filling stations across the two states on …

In an article I wrote some months ago titled, ‘Opportunists, Scavengers and the Attacks on Mele Kyari’, I drew attention to a coordinated attack on the Group Chief Executive Officer of NNPCL Limited, Malam Mele Kyari. At the time, an anti-Kyari campaign had been initiated in the media by certain individuals whose aim was to get the helmsman relieved of …