The impending AKK gas pipeline and Nigeria’s economy
The last time I checked, Nigerians in their entirety couldn’t wait to embrace the commencement of yet another gas pipeline within the country’s Northern region.
Northern coalition gives FG ultimatum to reverse fuel price
Coalition of Nigeria Citizens Action Group (NCAG) is demanding the reversal of petrol pump price, against last week’s increase announced by the Federal Government.
Buhari inaugurates N1 trillion gas pipeline to boost electricity, others
President Muhammadu Buhari, in company of Governor Yahaya Bello of Kogi State and his Kaduna counterpart, Nasir El-Rufai, as well as the Minister of State for Petroleum Resources, Timipre Sylva...
Oil production threatened by non-compliance to COVID-19 protocols
Nigeria’s ability to meet its monthly oil production quota and revenue target may become hampered if rising cases of coronavirus in offshore oil fields are not addressed. With the country suffering huge revenue losses from decline in oil prices since March, and inability to sell its crude during the lockdown, there are fears that production…
Audited report: The slow, steady road to solving NNPC’s underlying problems
The coronavirus has been touted as one pandemic that would push countries to embrace a new normal. Having suffered huge revenue losses and witnessed oil prices tank below a level never witnessed, the reality of a new normal became clearer, and reinforced the need for actions that would change...
Nigeria has highest personnel cost in global petroleum industry
Stakeholders have raised concerns over the country’s production costs, noting that Nigeria has the highest personnel cost among global operators, thus making it difficult to produce oil at a profitable price of below $10/barrel.
Government moves for $10 oil production cost
Though Nigeria’s cost of oil production is currently above $20 per barrel, the Nigerian National Petroleum Corporation (NNPC) yesterday said efforts were ongoing to crash the fee to $10.
New NNPC board: Still unclear who chairs corporation
Though the Nigerian National Petroleum Corporation (NNPC) Act as amended in 2007 provides for the appointment of nine persons to the Board, President Muhammadu Buhari, yesterday, named six members, leaving the public...
Former NNPC boss Maikanti Baru is dead
Former group managing director of the Nigerian National Petroleum Corporation Maikanti Baru is dead. Baru died of an undisclosed ailment on Friday night. He was aged 60. Mele Kyari, who succeeded Baru at NNPC, announced the death on Saturday morning. "My brother, my friend and my mentor, Dr Maikanti Kachalla Baru, immediate past GMD of…