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Tag Archives: nnpc

Tension in Niger Delta over cancellation of three oil blocks by NNPC won by indigenes of the region in 2007 bid

  The relative peace in the oil-rich Niger Delta region, which enabled Nigeria to produce about 2 million barrels of crude oil per day in recent months is seriously being threatened, following the cancellation of three oil blocks won by indigenes of the region in the 2007 bid round by the Federal Government.   The three oil blocks had for ...

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In The News Today 09-01-2017

A brief report of some of the major headlines in Nigeria and Africa. Share

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We Have launched two simultaneous operations to restart the disruption of Nigeria’s oil production – Niger Delta Avengers

The Niger Delta Avengers said on Friday that it had launched two simultaneous operations to restart its disruption of Nigeria’s oil and gas production this year. In a statement signed by its spokesman, Mudoch Agbinibo, and posted on its website, the group expressed its frustration with President Muhammadu Buhari’s “deaf” approach towards the ongoing dialogue with leaders of the region. ...

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Akwa Ibom : Fresh oil spill hits Ibeno communities

Fresh oil spills suspected to emanate from American giant oil facility- ExxonMobil have hit more than 10 communities situated on the Ibeno shoreline in Akwa Ibom. In an interview with the News Agency of Nigeria, a youth leader in the community, Godwin Robert, secretary of Ulok Ulok People’s Assembly, lamented that the oil spill case was the sixth this year ...

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In The News Today 16-12-2016

A brief report of some of the major headlines in Nigeria and Africa Share

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ANTI-CORRUPTION WAR: Insufficient evidence to convict Diezani Madueke and Olusegun Aganga says AGF

The minister of justice and attorney-general of the federation, Abubakar Malami (SAN), yesterday said there was insufficient evidence to convict his predecessor, Mohammed Adoke, former minister of petroleum resources, Mrs Diezani Alison- Madueke, and former finance minister, The minister of justice and attorney-general of the federation, Abubakar Malami (SAN), yesterday said there was insufficient evidence to convict his predecessor, Mohammed ...

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Oil prices shot up over four percent to their highest level since 2015 @ $58 per barre

Oil prices shot up over four percent to their highest level since 2015 early on Monday, December 12, 2016 after OPEC and other producers over the weekend in Vienna reached first output cut deal since 2001. They jointly reduced output in order to rein in oversupply and prop up the market. Brent sweet crude futures, the international benchmark for oil ...

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Opec’s deal to cut oil production will go ahead even if Russia commits to reduce output – Kachikwu

Abu Dhabi: Opec’s deal to cut oil production will go ahead even if Russia becomes the only non-Opec country to commit to reduce output at a meeting this week, Nigeria said on Wednesday, while the UAE voiced optimism that other producers would participate. Opec agreed last week to slash output by around 1.2 million barrels per day beginning in January ...

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Oil exploration in northern Nigeria: Crude oil discovered in Benue state (LOOK)

Exploration activities in Benue state may be gradually yielding success as a quantity of crude oil has been discovered.   It is however not yet known if the discovery would be of commercial quantity, but the deputy governor of the state, Engr Benson Abounu, is urging the federal government and the Nigerian National Petroleum Corporation (NNPC) not to relent.   ...

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National Oil Policy: Buhari to get rid of NNPC and sell off Nigeria’s Refineries (DETAILS)

The federal government’s draft National Oil Policy has proposed to consolidate Nigeria’s oil industry regulatory authorities into a single agency to be known as Petroleum Regulatory Commission, PRC, while scrapping all other regulators, including the Nigerian National Petroleum Corporation, NNPC, Department of Petroleum Resources, DPR, and Petroleum Products Pricing Regulatory Agency, PPPRA, among others.   According to the proposed National ...

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