The Nigerian Petroleum Development Company (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation, has reported an explosion at a production facility in Oil Mining Lease (OML) 40 involving its partners Elcrest…
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16% barrels (bbls).
While the country’s oil deposit reduced by this amount, the corporation however noted that…
The Nigerian National Petroleum Corporation (NNPC) said it recorded increased trading surplus of ₦20.36billion in July, compared to the ₦2.12billion surplus in June 2020 in its operations.
The corporation disclosed this in its July…
The Nigerian National Petroleum Corporation (NNPC) has reportedly received funding to the tune of $1 billion for upstream operations for its subsidiary, Nigerian Petroleum Development Company (NPDC).
The funds, NNPC sources confirmed,…
The Nigerian National Petroleum Corporation (NNPC) has said that the tax revenue accruing to the federal government from Production Sharing Contracts (PSC) with international oil companies (IOCs) operating in the country fell by…
The Chief Executive Officer of Nigeria’s biggest independent energy company, Austin Avuru, has said that the country’s decision to comply strictly with OPEC+ oil production cuts will lead to a drop in its third-quarter output.
He told…
The Nigerian Petroleum Development Company (NPDC) - the Upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC) - has sought the collaboration of the Nigerian Police Force (NPF) and the Department of State Services (DSS)…
Nigerian Petroleum Development Company (NPDC) and Eland Oil & Gas, an upstream oil and natural gas exploration company, are set to commence a five-well drilling campaign of OML 40 onshore the Niger Delta.
The development will lead…
The Nigerian National Petroleum Corporation (NNPC) and its subsidiary, Nigerian Petroleum Development Company (NPDC) and other companies in the oil and gas sector have yet to remit revenue amounting to $22.06bn and N481.75bn to the…
The Nigerian National Petroleum Corporation (NNPC) has commended the Nigerian Petroleum Development Company (NPDC), for achieving 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility (IGHF).
Dr…
Oge Obi.
The Nigerian National Petroleum Corporation (NNPC) has disclosed that it recorded a trade surplus of N18.12 billion in the month of May, a higher earning than the N17.16 billion in April 2018.
The Corporation made the…
Seplat has, in the space of nine months, received about 150Million, amounting to a third of the money owed it by NPDC, its government-owned Joint Venture partner.
Receipts from NPDC, at the end of the first quarter 2016, have reduced the…
The Senate wednesday constituted an ad hoc committee to probe the allegation by the National Extractive Industries and Transparency Initiative (NEITI) that Nigerian National Petroleum Corporation (NNPC) failed to remit over N1 trillion to…
A secessionist group, Utorogun Liberation Movement, ULM, surfaced, Thursday, in Delta State, vowing to destroy the Utorogu Gas Plant, Ughelli, which supplies gas to Egbin Power Station, Lagos, and other facilities under Oil Mining Lease,…
