Heirs Holdings (HH) an affiliate of Transnational Corporation of Nigeria Plc (Transcorp) has acquired 45 per cent participating interest in Nigerian oil licence OML 17 from Shell Petroleum, Total and ENI. This is contained in a statement signed by Mr Chike Anikwe, Acting Group Company Secretary, Transcorp made available to the media on Friday in ...

Stakeholders in the oil industry need to find and agree on cheaper means of producing oil while also ensuring a more competitive environment that meets the needs and purposes of the Nigerian nation including the largest production volumes possible. This was the view of Vice President Yemi Osinbajo, at a virtual meeting on the Petroleum ...

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies called OPEC+, to stabilise the  global oil market. Group Managing Director of NNPC, Malam Mele Kyari, who gave the assurance at the ongoing virtual Gulf Intelligence ...

The Nigerian National Petroleum Corporation (NNPC) says it is currently diversifying its portfolio beyond oil assets due to the impact of global energy transition. Mr Mele Kyari, Group Managing Director, NNPC made this known on Wednesday while speaking at the Gulf Intelligence “Global” UAE Energy Forum 2021. Kyari spoke at the virtual event on the ...

Each time you listen to Mele Kolo Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, you get the impression of a man who wants to be different. A man determined to take the path less travelled. Like walking alone, being partially deaf to the mob. The 19th GMD of NNPC obviously ...

The Minister of State for Petroleum Resources, Mr. Timipre Sylva, said that the refinery rehabilitation exercise would be completed soon. He made this known during an interaction with members of the Nigeria Guild of Editors (NGE) in Abuja on Tuesday. “Apart from the completion of the plant equipment inspection and integrity study conducted since December ...

The Commonwealth Businesswomen Network Nigeria (CBWN Nigeria) has announced its partnership with Brevity Anderson, organisers of the Nigeria International Petroleum Summit 2021. The Nigeria International Petroleum Summit which is the official industry event of the Federal Government of Nigeria and hosted by the Nigerian National Petroleum Corporation (NNPC) will hold from 28th March – 1st ...

The Commonwealth Businesswomen Network Nigeria (CBWN Nigeria) has announced its partnership with Brevity Anderson, organisers of the Nigeria International Petroleum Summit 2021. The Nigeria International Petroleum Summit which is the official industry event of the CBWN Nigeria announces its official partnership with organisers of the Nigeria International Petroleum Summit 2021deral Government of Nigeria and hosted ...

The Federal Government has agreed to slash the pump price of Premium Motor Spirit (PMS), known as petrol, by N5 from Monday next week. Sen. Chris Ngige, Minister of Labour and Employment, disclosed this while addressing newsmen at the end of a closed door meeting with the organised labour on Tuesday in Abuja. The meeting ...

The Federal Government has explained that vehicle owners in the country will pay N250,000 to convert their cars to autogas.  On Tuesday, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari had said one million cars are to be powered by Autogas free of charge. But speaking on Channels Television’s Sunrise Daily on Wednesday, Justice ...