Achieving the world of Energy matters
…Oil marketers donate N120m, ventilators, coveralls, others The Nigerian National Petroleum Corporation (NNPC) and 33 oil and gas companies, Friday, donated $30 million, about N11.4 billion to the Federal and state governments to fight the spread of the Coronavirus (COVID-19) pandemic in the country. Addressing newsmen in Abuja, Group Managing Director of
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Mr. Austin Avuru, Seplat, CEO Seplat Petroleum Development Company Plc, a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange, will remain very profitable even at lower oil prices given its low production costs and strong investments in gas. The Chief Executive Officer
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…Condoles with Achimugu’s Family In compliance with the Federal Government’s directive on the COVID -19, the Management of the Nigerian National Petroleum Corporation (NNPC) has directed all office-based staff below Management cadre across all its formations to work remotely from home with effect from Tuesday. A release by the corporation’s Group General
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…As Corporation’s Downstream Subsidiary, PPMC, Records ₦337.63billion Petroleum Products Sales The Nigerian National Petroleum Corporation (NNPC) has announced an increased trading surplus of ₦5.28billion in its December 2019 operations compared to the ₦3.95billion surplus posted in November last year. A release by the corporation’s Group General Manager, Group Public Affairs Division, Dr.
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Mr. Esimaje Brikinn Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL, affirms that none of its employees has contracted the COVID-19 (Coronavirus) infection. General Manager, Policy, Government and Public Affairs of Chevron, Esimaje Brikinn, said, “Chevron continues to monitor the Coronavirus (COVID-19)
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Mr. Nik Odinuwe has emerged the new chairman at the just-concluded Annual General Meeting (AGM) of the Petroleum Technology Association of Nigeria (PETAN) which was held at Novotel in Port Harcourt, Rivers State. According to a statement, by the newly elected Publicity Secretary, Lucky Akhiwu, Odinuwe succeeds Mr Bank-Anthony Okoroafor, who
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…Urges government to consider credit note to marketers with oil stocks …Tasks FG on due process in changing prices The Independent Petroleum Marketers Association (IPMAN) has lauded the federal government’s decision to reduce the price of Petroleum Motor Spirit (PMS) in the country, noting that it would give Nigerians the
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In compliance with the directives of the Minister of State for Petroleum Resources, Timipre Sylva on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly. Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price
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Elder Chinedu Okoronkwo, National President, IPMAN The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo commiserated with the victims of Sunday’s explosion in Abule Ado and Trade Fair areas of Lagos, tasked residents on illegal building on pipelines Right of Way (RoW). Okoronkwo, in a statement
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Royal Dutch Shell’s onshore Nigeria subsidiary saw a 41% rise in the number of crude oil spills due to theft or pipeline sabotage in 2019, the group said in its annual report. Shell Petroleum Development Company of Nigeria (SPDC) also recorded a rise in the volume of oil spilt in the
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