Browsing: Oil & Gas

The University of Lagos (UNILAG) has conferred Honorary Doctorate Degree on Founder and Executive Chairman of Oriental Energy Resources Limited, Alhaji (Dr) Muhammadu Indimi, OFR, for his immense contribution to society and national development.

The Imo State Government led by Governor Hope Uzodimma has recovered 43 Oil Wells from Rivers State. The oil wells were ceded to Rivers State, some time ago

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and drive wealth creation in Nigeria.

Southern Governors Forum has rejected the 3 percent share of oil revenue to host communities of oil facilities(Pipelines, oil wells, etc)  and 30 percent profiting sharing devoted for aggressive search for oil and gas in the dry North proposed in the Petroleum Industry Bill(PIB).The governors however favoured 5 percent initially proposed by the House of Representatives as revenue to be paid to  host communities where oil facilities are domiciled

The Nigerian National Petroleum Corporation (NNPC) and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract (PSC) are set to earn over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed Thursday at the NNPC Towers

Niger Delta leaders on Friday highlighted the gains of Petroleum Industry Bill (PIB), declaring the passage by the 9thNigeria National Assembly as a pointer to Nigeria’s path to greatness and development.

The jinx that bedeviled passage of the complete version of the Petroleum Industry Bill (PIB) was broken on Thursday, twenty years after it was introduced to the National Assembly.

 ABUJA, Nigeria – The Nigerian National Petroleum Corporation (NNPC) is collaborating with the Economic and Financial Crimes Commission (EFCC), Department of State Services (DSS), Nigeria Police Force (NPF), Nigeria Customs Service (NCS), Nigeria Security and Civil Defence Corps (NSCDC) and other relevant downstream and upstream stakeholders in the petroleum industry to curb the twin menace of petroleum products smuggling and crude oil theft which are negatively impacting the nation’s economy.

The Minister of State for Petroleum Resources, Chief Timipre Sylva has commended President Muhammadu Buhari for his giant strides in the Niger Delta which is making a huge impact on the people of the area

The Nigerian Senate has commended the Nigerian National Petroleum Corporation (NNPC) for its efforts towards entrenching transparency and stamping out corruption from its system