Midstream
NNPC commits to ensuring energy sufficiency, wealth creation for Nigerians
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and drive wealth creation in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari, made this assertion while delivering the keynote address at the 2021 Nigeria Oil and Gas Conference and Exhibition (NOG 2021) on Tuesday in Abuja. Speaking on the topic: “Vision and Priorities for Nigeria’s Energy Transformation,” Mallam Kyari stated that for a nation with a teeming youth and a developing economy, Nigeria needed the right policies to unlock its huge economic potential, stressing that NNPC was working towards bridging the energy gap to multiply wealth for its varied stakeholders. “We see a nation that m...
NUPENG threatens nationwide strike over attack on labour leaders in Kaduna
File Photo Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has threatened a nationwide strike over attack on leaders of the Nigeria Labour Congress, NLC including its President, Ayuba Wabba and other Labour leaders during Tuesday’s peaceful protest in Kaduna State as part of the ongoing five-day strike to force the state government to rescind alleged anti-workers policies including the recent mass sack of workers. The thugs had attacked the labour leaders after Governor Nasir el- Rufai left the Power Holding Company of Nigeria, PHCN, adjacent where the workers assembled, with heavily armed security personnel. The armed thugs came in a bus and attacked the Labour leaders with various weapons including stick, bottles, stones and machete. Reacting to the development, NUPENG expres...
OPEC: Gas is vital to Nigeria’s future
The Organisation of Petroleum Exporting Countries (OPEC) says gas remains vital to Nigeria’s future in the global oil and gas sector. The OPEC Secretary General, Mohammad Barkindo, disclosed this on Monday in Abuja, at the pre-summit conference on “Decade of Gas”. He said that the move of the country to develop its huge gas deposit was a step in the right direction. “Gas is vital to Nigeria’s future, as is oil, and both will be fuels of choice globally for the foreseeable future and instrumental in facilitating the energy transition,” he said. The secretary-general said that the ‘Decade of Gas’ from 2021 to 2030 was likely to place Nigeria at the forefront of the vital global industry. Barkindo commended President Muhammadu Buhari’s effort as Head of Nigeria’s Delegation to OPEC, in the or...
No plans to Scrap NNPC in the PIB – minister
The Federal Government on Monday said that there are no plans to Scrap the Nigerian National Petroleum Corporation, NNPC in the Petroelum Industry Bill 2020 that has been transmitted to the National Assembly by President Muhammadu Buhari. Answering questions from Journalists in Abuja after an interactive meeting with the leadership of the National Assembly, Minister of State for Petroleum, Timipre Sylva, who allayed the fears of staff of the Corporation and Nigerians, said that the bill seeks for the commercialisation of NNPC and not outright scrapping. The meeting which was Presided over by the President of the Senate, Senator Ahmad Lawan, with the Speaker, House of Representatives, Femi Gbajabiamila, and other Leaders of the National Assembly in attendance is aimed at discussing the deta...
Stakeholders advocate efficient fiscal policy for oil, gas sector
Stakeholders in the oil and gas sector have called for proactive fiscal policy in the petroleum industry to fast track investment and infrastructure development in the country. The stakeholders disclosed this at the Virtual workshop on Leveraging Fiscal Regulations to Attract Investments in the Petroleum sector, on Thursday. Mr Osten Olorunsola, Chairman, Energy Institute Nigeria, said that the oil and gas sector in Nigeria needed a lot of investment to meet with the current global challenges. He stated that globally, the industry had witnessed decline in product demand and low price regime, adding that only low cost molecules would be able to make it in the market. Olorunsola said that the sector in Nigeria needed to transform to meet with current trend as the sector was not buoyant as pe...
NNPC explains parameters for employment, career progression
The Nigerian National Petroleum Corporation (NNPC) has explained the parametres for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion exercise executed by the corporation as an illustration. The National Oil company says unblemished academic competence, logical thinking, ability to engage meaningfully in problem solving in addition to federal character are key to becoming an employee of the corporation. To progress in the Management cadre, professional competence, accountability and transparency as well as ensuring national spread in top management positions are critical factors that are not negotiable. Explaining the parametres, NNPC Group General Manager, Group Public Affairs D...
South African Airways to continue honouring flight obligations
South African Airways has announced that it will continue to honour its flight obligations to cargo and evacuation flight customers all through this month. This is despite the clash in the expectations of the way forward for the ailing airlines which is already under business rescue. In a statement, the airline says while the disputes are being ironed out ,evacuee passenger and cargo flights will continue all through May on a charter basis. A meeting between public enterprises minister Pravin Gordhan and the business rescue practitioners are meeting today to chart the way forward. Earlier it was announced that May 8 (today) will be the last day of operations for the airline. South Africa Airways which was last run profitably in 2011, has been under business rescue since early this year aft...
