Earlier in the week, local media had published allegations that the Nigerian National Petroleum Corporation (NNPC) had spent NLNG earnings that should have gone to local and state governments on fuel purchases and subsidies.
The Senate voted to investigate the claims as the NOC had not been authorised to spend the funds, Reuters reported.
Last month, the Senate voted to probe an alleged USD 3.5-billion fuel subsidy fund at the NNPC.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.