The country lost at least N217bn last year as oil and gas companies flared a total of 244.84 billion standard cubic feet of natural gas in that period, data from the Nigerian National Petroleum Corporation have shown. The latest monthly report from the NNPC showed...

The Nigerian National Petroleum Corporation (NNPC) recorded a marked reduction in the cases of pipeline sabotage. This was disclosed in the Corporation’s monthly Financial and Operations Report for the month of December 2016 which has just been released. According to the report, only 18 cases of...

The Shell Nigeria Exploration and Production Company (SNEPCO) and Nigeria-AGIP Exploration Ltd have asked a Federal High Court in Abuja to set aside an order for the forfeiture of the OPL 245. The chairman of the Economic and Financial Crimes Commission (EFCC) had in an...

The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase the February supply of petrol by six additional cargoes to the existing national sufficiency of over 32 days and import three additional diesel cargoes before the end of February. The corporation also said it...

The Niger Delta Non-Violence Youth Leaders Assembly, a peace advocacy group, has applauded last Friday’s visit of Acting President Yemi Osinbajo to Bayelsa, describing it as a morale booster. The group also said that the visit had revived the hope of Niger Delta people of...

The Nigerian National Petroleum Corporation has announced elaborate measures to sustain supply of Premium Motor Spirit, (petrol), Automotive Gas Oil, diesel, and Dual Purpose Kerosene, DPK, otherwise called kerosene, nationwide.   These measures include: increasing the February supply of Premium Motor Spirit (PMS), by six...