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The facility is one of the 12 hospitals which the corporation intends to construct across the six geo-political zones in the country. In line with the earlier announced decision to diversify into the medical sector, Nigerian National…
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•Insists $10 Per Barrel Production Cost Feasible The Nigerian National Petroleum Corporation (NNPC) yesterday said there is a prevalence of adulterated Automotive Gas Oil (AGO), otherwise called diesel, across the country. Raising an…
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Companies, including their promoters, indebted to the Federal Government will not be allowed to participate in the newly launched bid round for marginal oilfields, the Department of Petroleum Resources (DPR) has said. The DPR, in a…
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The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector on a continued downwards trajectory through 2022. In light of…
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Nigeria will continue collaborating with other OPEC+ Nations in the historic efforts to adjust crude oil production towards rebalancing and stabilizing the global crude oil market for the benefit of all. This was contained in a release…
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On Saturday, Mexico refused to extend oil production cuts until the end of July, agreed by OPEC members and other major producers yesterday (OPEC +). On Saturday , OPEC + agreed to extend the historical production…
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...cuts oil production to 510-520m tons in 2020 Russian Energy Minister Alexander Novak said that the global oil market is still fragile and it is important that all OPEC members and non-members fully adhere to the agreement to reduce…
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Saudi Arabia called out the cheats at yesterday’s OPEC meeting — the countries that hadn’t fully reduced oil output in May as agreed — and extracted promises that they would compensate with even deeper reductions in the third quarter. Now…
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Nothing is so strong as gentleness, and nothing is so gentle as real strength. This saying captures the life and times of Dr. Maikanti Baru, former Managing Director of the Nigerian National Petroleum Corporation (NNPC). He still looms so…
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The Federal government has restated its commitment to the April 2020 Oil Production cut agreement by OPEC+ Members. Timipre Sylva,the Minister of State for Petroleum Resources who stated Federal government’s position said Oil producing…
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