NNPC to Take Legal Action Against SAMANO, Others
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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BREAKING: $125 million Fraud Averted as NNPC’s Diligence Saves Nigeria From Fraudsters
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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Nigeria’s Biggest Independent Oil Company Hit by OPEC Curbs
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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Shell writes down Nigerian licence at heart of Italian bribery trial
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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Reps summon NNPC, NAPIMS, Oando, Agip over $16.5m debt
The Nigeria National Petroleum Corporation (NNPC) and multi-national oil company, Agip, yesterday failed to appear before the House of Representatives Committee on Petroleum Upstream over an alleged failure of Agip to pay a $16.5 million!-->…
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Nigeria: Opec-Nigeria Discuss Post Covid-19 Oil Recovery
The OPEC-Nigeria Bilateral Meeting that held last week has sent yet another signal of the strong cooperation between the Organization of Petroleum Exporting Countries (OPEC) and Africa's biggest producing country.
A statement by APO!-->!-->!-->…
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Oil theft: Court orders forfeiture of 13 barges, tugboats to govt
The Economic and Financial Crimes Commission, EFCC, has secured the final forfeiture of 13 barges and tugboats before Justice M.I. Sani, of the Federal High Court in Port Harcourt, Rivers State.
The barges and tugboats were seized at!-->!-->!-->…
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DPR could add 10 more marginal oil fields to 2020 bid round
The Department of Petroleum Resources, DPR could add 10 more marginal oil fields to the 57 already on the list for the 2020 bid round, SweetcrudeReports findings have shown.
This follows a Federal High Court rejection of an application!-->!-->!-->…
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Seplat to drill two gas wells in 2020 as cash reserves hit $343m
Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), said it is set to drill two gas wells this year, as it announced!-->…
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NNPC, Abigail-Joseph FPSO’s vessel returns to Nigeria
The Nigerian National Petroleum Corporation, NNPC, and First Exploration & Petroleum Development Company Limited, First E&P, have announced the arrival of the Abigail-Joseph Floating Production Storage and Offloading, FPSO, unit to!-->…
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