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The Nigerian National Petroleum Corporation, NNPC, Thursday, said it has concluded plans to rehabilitate and build new plants, as all the four refineries are currently down, thus forcing the government to import petroleum products from the…
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Nigeria’s highest and unacceptable crude oil production cost comes from indigenous oil firms, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said on Thursday. Kyari, who said this during a Seplat…
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Last year was a “pivotal year” for Savannah Energy, the company has said announcing its 2019 preliminary results, as revenues flowed from its Nigerian portfolio. Savannah reported $16.9 million of gas sales and $0.9mn of liquids sales…
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The Nigerian National Petroleum Corporation (NNPC) has revealed plan to deliver about 5Gigawatts (GW) or 5,000 Megawatts (MW) of electricity by 2022. According to the NNPC, this prediction is based on the commencement of the…
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The Federal Government has embarked on industry-wide cost containment measures to strengthen the oil and gas sector to cushion the effect of COVID-19 pandemic on the economy. The Minister of State for Petroleum Resources, Timipre Sylva…
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As part of the Federal Government’s strategies to reposition the gas sub-sector, the Ministry of Petroleum Resources has commenced the implementation of critically conceived initiatives to foster efficiency and attract investment along the…
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The Nigerian National Petroleum Corporation, NNPC has instructed its counsel, Afe Babalola & Co, to take appropriate legal actions against SAMANO SA DE CV and its officers for the injury done to the Corporation and its…
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The diligence of the Management of the Nigerian National Petroleum Corporation, NNPC in collaboration with officials of the Federal Government has saved Nigeria from losing a whooping sum of $125,000,000: 00 (One Hundred and Twenty-Five…
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Expects increase in gas revenues from Anoh project in 2022Company to raise gas production to 350mscf per day by year end Seplat Petroleum Ltd., Nigeria’s biggest independent energy company, said the West Africa nation’s decision to…
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Royal Dutch Shell said on Thursday its second-quarter writedowns include the OPL 245 licence for an offshore oilfield in Nigeria which it holds alongside Eni and which is at the centre of an ongoing corruption court case in Italy. …
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