Refineries’ Rehab, Oil Search, Pipeline Gulp N21bn — NAPIMS       The National Petroleum Investment Management Services, NAPIMS, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, invested N21.47 billion to rehabilitate the nation’s refineries, the Nigeria-Morocco gas pipeline and oil search in the frontier basins, among...

Oil Workers Threaten To Shut Down Pan Ocean Oil Company         Oil workers, under the auspices of National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Pan Ocean Oil Limited recently acquired by Asset...

Reps Summon NNPC, NAPIMS, Others Over $16.5m Debt     The Nigeria National Petroleum Corporation (NNPC) and multi-national oil company, Agip, yesterday failed to appear before the House of Representatives Committee on Petroleum Upstream over an alleged failure of Agip to pay a $16.5 million debt to...

Refineries Earn N3.45bn, NAPIMS Makes N1.02trn – NNPC     The nation’s refineries generated a total revenue of N3.45bn in 2018 but their salary expenses and other expenses gulped N160.13bn, the Nigerian National Petroleum Corporation has said. It also disclosed that its investment arm made a profit of...

NAPIMS: Nigeria Records 40% Local Content With $3.3bn Egina FPSO National Petroleum Investment Management Services (NAPIMS) said that Nigeria achieved about 40 percent local content with the Total’s $3.3 billion Egina Floating, Production, Storage and Offloading (FPSO). The Group General Manager, NAPIMS, Mr. Roland Ewubare...

Reps To NAPIMS, Re-award $260m JV Contract To Tilone The House Representatives on Wednesday asked the National Petroleum Investment Management Services to re-award its $260m Joint Venture contract to a Nigerian company, Tilone Subsea Limited. The House had investigated the controversial contract in 2016, following a...