UPDATED: NNPC takes over Addax Petroleum’s PSC assets
The move followed the termination of the Production Sharing Contract (PSC) relationship between NNPC and Addax.
The move followed the termination of the Production Sharing Contract (PSC) relationship between NNPC and Addax.
The federal government will not allow misguided elements to bring untold hardship upon the citizenry, an official said.
Amotekun says the kidnappers will be arrested and the woman rescued.
The discovery will attract foreign investment and generate employment, an official said.
President Muhammadu Buhari signed the Electoral Amendment Bill into law in February 2022 after rejecting it five times.
The lawmakers passed the bill to amend the SON Act to include representatives of the Petroleum Ministry in the Standard ...
The federal lawmakers asked security agencies to stop destroying equipment seized from vandals, but instead convert them to good use.
An official says procurement has been made for suppliers of petroleum products until next year after the election.
The SSS says it will provide security for the seamless distribution of the product across the country.
NNPC will pay back over four and a half years by supplying MRS 8,000 barrels of oil per day throughout ...
The NNPC says it has managed to force down the rate of theft, but says problems remain.
The NNPC Limited had informed the Niger State Government that the Bida Basin has a potential of 40 billion barrels.
In many states, petrol is sold for as high as N270 at filling stations, while the product is barely available ...
The president says the country also found 500 billion cubic feet of gas within the Kolmani area of Gombe and ...
"There are threats to life, I can say this, I have several death threats but we are not bothered about ...
Mark Gbillah, a member of the House of Representatives, says the NNPC has constituted itself into a quasi-government.
Addax has ceased to be the Production Sharing Contract (PSC) contractor for the Oil Mining Leases (OML) 123/124 and OMLs ...
For me, as we approach 2023, the political parties and their presidential candidates should be telling us how they are ...
The Minister said the country has only experienced disruptions, not collapse.
Oil theft, illegal refineries in the region, and its negative impact on the country’s economy have been a source of ...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority says flooding in Lokoja, Kogi State, has affected distribution.
The Forcados terminal is operated by Shell. A spokesperson for the company could not be reached as the known phone ...
NNPC Limited ...there is the lingering fear that the new state-owned company will be bogged down by the same inefficiency ...
Super oil tanker For the pirates that are ruling and ruining our country, their commitment to stealing all our resources ...
The Petroleum Industry Act 2021 hasn't significantly improved oil and gas operations in Nigeria, the former official says.
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