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Tag: oil firms

Shell Posts Record Quarterly Profit Of $11.5bn, TotalEnergies $9bn

Shell Petroleum Development Company of Nigeria Limited
Nigeria misses out in oil windfall as NNPC spends revenue after oil theft on subsidies, leading to inability to remit funds to foreign reserves, thereby deepening Naira’s woes In US,Read More

Confusion as 4 Oil Companies Named By NNPC As Liable For Imported Substandard Petrol Deny Accusation

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari
Four of the oil companies accused by the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, of importing substandard petrol have all in writing deniedRead More

Adulterated Fuel: Kyari Names MRS, Emadeb-consortium, Oando, Duke Oil As Culprits

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari
Explains why inspectors did not detect bad petrol before circulation National oil company requests emergency supply NMDPRA says nation has 10-day reserve deficit, announces arrival of 300m litres of fuelRead More

Petrol Price: NNPC Douses Tension, Says No Increase Now

Nigerian National Petroleum Corporation (NNPC)
Declares it has no intention of pre-empting ongoing engagement with labour The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of petrol until theRead More

FG Mulls Incentives For Banks To Restructure Oil Firms’ Debts

Minister of State for Petroleum Resources, Chief Timipre Sylva
DPR remits N2tn to govt coffers The Federal Government is considering a regulatory forbearance for banks to encourage them to restructure oil companies’ loans. Minister of State for Petroleum Resources,Read More

Oilfield Bid Round: FG May Generate N3.17bn From Fees

Director-General, Budget Office of the Federation, Benjamin Akabueze
The Federal Government may generate at least N3.17bn from the payment of fees for the marginal fields put on offer for bidding, data obtained from the Department of Petroleum ResourcesRead More

FG, Oil Firms Lose N24bn In Eight Days Due To Pipeline Shutdown

Oil Pipeline
The Federal Government and some oil companies lost an estimated $67.92m (N24.45bn) in revenue in eight days, due to the suspension of exports of Forcados, one of the nation’s largestRead More