Nigeria’s focus on thieves misses metering miscalculations
The AG said this failure would have a “disastrous effect of capital flight and commercial fraud”.
Port Harcourt
After violent kidnapping, CEO freed
A CEO kidnapped in Port Harcourt has been released, although no information has been provided on whether a ransom was paid.
NSCDC stands accused of extorting fuel retailers
A Nigerian law enforcement agency has launched an investigation into its own officers following reports that they were extorting independent fuel suppliers.
BPE seeks suitors to tackle mismanaged power discos
Nigeria’s Bureau of Public Enterprises (BPE) has set out plans to resell 60% stakes in a number of power distribution companies, known as discos.
Savannah strikes Port Harcourt gas supply deal
Savannah Energy has signed a new gas sales agreement in Nigeria, via its Accugas subsidiary.
Port Harcourt refinery fire contained
Nigerian National Petroleum Corp. (NNPC) has reported a “minor fire incidence” at its Port Harcourt refining complex.
NNPC auditor repeats going concern worries, despite 2020 profit
Nigerian National Petroleum Corp. (NNPC) reported a profit for 2020, but there are challenges ahead.
Wike slams IOCs for Niger Delta safety fears
Rivers State Governor Nyesom Wike has accused international oil companies of backing a conspiracy theory that the Niger Delta is unsafe.
Nigeria approves funding for Tecnimont refinery work
Nigeria’s Federal Executive Council (FEC) has approved spending $1.5 billion to rehabilitate the Port Harcourt refinery.
Shell sells OML 17 stake for $533mn
Shell Petroleum Development Co. (SPDC) has sold its 30% stake in OML 17 to TNOG Oil and Gas, for $533 million.
Wike claims victory over Shell at OML 11
The governor of Rivers State has claimed victory over Shell’s local subsidiary at OML 11.
NNPC launches pipeline rehab tender
Nigerian National Petroleum Corp. (NNPC) has published bid opportunities for the provision of reconstruction work in the midstream.
Nigeria’s illegal refiners take quality edge
Imports into Nigeria of gasoline and diesel are of worse quality than fuels produced from illegal refineries in the Niger Delta, a new study from Stakeholder Democracy Network (SDN) has reported.
Wike tightens lockdown with an eye on oil
Rivers State Governor Nyesom Wike has declared a total lockdown on Port Harcourt and the Obio and Akpor local government areas, in a bid to tackle the spread of coronavirus.
ExxonMobil workers freed in Nigeria
Rivers State has released the group of ExxonMobil employees it accused of entering the state in defiance of the lockdown intended to prevent the spread of coronavirus.
Rivers turfs out Caverton in coronavirus crackdown
Rivers Governor Nyesom Wike has ordered Caverton Helicopters to halt operations in the state, as the row over a flight into Port Harcourt escalated.
Caverton pilots arrested for coronavirus contraventions
Rivers State Governor Nyesom Wike has personally overseen the arrest of two pilots from Caverton Offshore Support Group for illegally moving people into the Nigerian state.
Africa’s largest oil producer can’t beat oil imports addiction
Africa’s biggest oil producer is trying to get its refineries working in an attempt to wean itself off imported fuel. Yet again.
Kyari pins hopes to Nigerian refining rehabilitation
Nigeria is set to make a fresh push into rehabilitating its poorly performing refineries, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari said on the weekend.