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…N7bn, $48m lost to PMS, crude oil theft in four months The Nigerian National Petroleum Corporation (NNPC) has disclosed that the fall in crude oil prices in the international market has hampered its projected N1.27 trillion remittance…
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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that efforts are being intensified to achieve a Unit Operating Cost (UOC) of  $10 per barrel across upstream production by 2021. Unit…
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The Nigerian National Petroleum Corporation (NNPC) is at the receiving end of the fuel subsidy regime and will be the first to benefit once it ends. This is according to the Group Managing Director of NNPC, Mele Kyari who was speaking…
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The Federal Government has directed the Ministries of Power, Finance, and the Bureau of Public Enterprise (BPE) to conclude the pre-engineering and concessionary financing agreement with Siemens AG, to boost power supply in Nigeria. The…
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Finally, Nigeria is on the verge of unlocking huge economic benefits arising from its natural gas endowment as OILSERV Limited massively mobilises to site. For many years, the country had been hindered by absence of gas transmission…
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Data analysis by Dataphyte has shown the Department of Petroleum Resources (DPR) paid over 8 billion as salary upfront in January 2020. This is according to the daily payment data published on the open treasury portal. The review of…
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Justice Muslim Sule Hassan of the Federal High Court, Lagos has restrained the Minister of Petroleum Resources and the Department of Petroleum Resources (DPR) from revoking the Ororo marginal field in OML 95 pending the determination of…
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The Department of Petroleum Resources (DPR) has announced the postponement of implementation of new registration fees for oil and gas trainings in the country till further notice. The Director and Chief Executive Officer of DPR, Mr.…
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President Muhammadu Buhari has approved the release of funds for the first phase of the Siemens electricity deal. In 2019, the president had signed a power project deal with Siemens AG, Germany-based firm, to deliver 7,000…
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Nigeria will be auctioning some marginal oil fields before the end of this year and investors will have the option of choosing from 56 fields, according to Minister of State for Petroleum Resources, Chief Timipre Sylva. The minister…
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