Industry

-By Fred Ojiegbe Nigeria’s oil production in October witnessed a reduction as the country’s rig count recorded minus three, after posting seven as against 10 posted in September, data from the Organisation of Petroleum Exporting…
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Despite economic disruptions which characterised the year 2020, Nigeria was still able to rake in over N50 billion as income tax from the oil and gas sector within the first and the third quarter of the year. The ‘Company Income Tax By…
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Green Energy and Lekoil are working through financing to fund the second phase development of the Otakikpo marginal field in eastern Nigeria, currently producing around 6,000Barrels of Oil Per Day. There has been a little delay, as the…
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The Nigerian National Petroleum Corporation (NNPC) will continue its search for more crude oil in the north, despite recently discovering reserves of commercial quantity in the area, the corporation has said. The national oil company…
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The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to efficiency, openness, transparency and prudence in service delivery if it is to realise its objectives and meet the expectations of its shareholders. The…
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Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil and condensates production of 51.147 million barrels in August 2020. Marginal oil…
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…As Kyari Defends NNPC 2021 Budget at NASS The House of Representatives Joint Committees on Petroleum (Upstream, Downstream and Gas) have applauded the Nigerian National Petroleum Corporation (NNPC) for breaking new grounds in its…
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The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, says the corporation deliberately shut down the nations refineries because they no longer make sense to be operated. The GMD disclosed this…
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The 5,000BOPD Waltersmith Refinery in Ibigwe, has joined the 11,000 BOPD Ogbele Expanded Refinery, also in eastern Nigeria, as two private sector owned functioning refineries in the country. The Waltersmith Refinery was commissioned by…
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Eni declared force majeure on exports of Nigerian Brass River crude oil following pipeline explosions in Bayelsa state, the company said on Tuesday. A source with direct knowledge of the matter said the notice of force majeure was dated…
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