A total of 50 companies recently submitted bids to partake in the provision of sea worthy Tug boats on charter time basis for the maritime operational requirements of the NNPC in Lagos, Warri and Port Harcourt. The public bid opening event which was held at...

  The Federation Accounts Allocation Committee (FAAC) distributed the sum of N386.9 billion among the three tiers of government in December 2016, being the statutory allocations for the month of November. The distributable monthly allocation declined by N33 billion compared to amount shared in November. However,...

Following the suspension of Strike by NUPENG, the Nigerian National Petroleum Corporation (NNPC) has resumed loading of petroleum products in its depots nationwide. Mr Ndu Ughamadu,the Group General Manager, Group Public Affairs Division of the NNPC disclosed this in a statement. He said that the resumption...

The Nigerian National Petroleum Corporation, NNPC, has stepped up collaboration with the reputable multinational oil service company, Schlumberger, in the deployment of state-of-the-art technology in the ongoing search for commercial hydrocarbon deposits in the Chad basin and other parts of the inland sedimentary basins. In...

The Nigerian National Petroleum Corporation, NNPC, has proposed some key amendments to the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act to enable the Federal Government optimize the collection of royalties and other revenue in deep water oil production activities. In a presentation...

The Nigerian Petroleum Development Company, NPDC, the upstream subsidiary Company of the Nigerian National Petroleum Corporation, NNPC, has provided clarification on the reported non-remittance of some crude oil revenue to the Federation Account. In a presentation to the Senate Ad hoc Committee on the recovery...