The presidential directive to the Nigerian Petroleum Development Company Limited (NPDC) to takeover operation of the entire Oil Mining Lease (OML) 11 from Petroleum Development Company (SPDC) has been denounced by the Ogoni people.
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Nigeria records 9% crude production growth in 2018
Uche Usim, Abuja Nigerian National Petroleum Corporation (NNPC), has released its summarised 2018 operational report indicating the nation’s daily crude oil production recorded an upward swing of about 2.09 million barrels. The figure represents a 9 per cent increment, compared to the 2017 average daily production of 1.86 million barrels. According to the Group Managing […]
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NNPC trading surplus hit N9.85 billion in September
Security: Obaseki mobilises stakeholders; Presco, Okomu, NPDC, BUA , Dangote, others
As the Edo State Governor, Mr. Godwin Obaseki, finetunes plans for the launch of the state’s Security Architecture later in the month, private companies in the state are upbeat about the prospect of having a robust security support structure that will further boost the ease of doing business in the state.
Continue reading Security: Obaseki mobilises stakeholders; Presco, Okomu, NPDC, BUA , Dangote, others at Vanguard News Nigeria. …
Gas production leaps as NNPC records 1,858 vandalised pipelines
NNPC, others yet to remit $22.06b, N481.75b
NNPC, oil companies owe Nigeria $22.06bn – NEITI
Another loss from NNPC was $723,285,929.70 from Offshore Processing Arrangement (OPA) and crude for product swap arrangement. Uche Usim, Abuja The Nigerian National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company (NPDC) and other oil companies operating in the country are yet to remit $22.06 (dollar component) and N481.75 billion (naira component) into the federation […]
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Baru commends NPDC on 100% local content on gas facility
The Nigerian National Petroleum Corporation (NNPC) has commended the Nigerian Petroleum Development Company (NPDC), for achieving 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility (IGHF).
Continue reading Baru commends NPDC on 100% local content on gas facility at Vanguard News. …
Oil, gas export sales up to $416m
The Nigerian National Petroleum Corporation (NNPC) says a total of crude oil and gas export sales of $416.07 million was realised in June, which is 35.78 per cent higher than the previous month. The details of the figures was contained in the June 2018 edition of the Monthly NNPC Financial and Operations Reports, released in […]
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NNPC nets N18.12bn trading surplus
Uche Usim, Abuja The Nigerian National Petroleum Corporation (NNPC), on Monday announced a trading surplus of N18.12 billion for May 2018. The figure is higher than the trading surplus of N17.16 billion recorded in April. Details of the transactions contained in the recently released May 2018 edition of the monthly NNPC Financial and Operations Reports […]
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