In its bid to tackle environmental pollution and global warming, the Nigerian National Petroleum Corporation (NNPC) has said it had succeeded in reducing gas flaring in by 26 percentage points in the last 10 years from 36 to 10. It said this had improved Nigeria...

The Nigerian National Petroleum Corporation, NNPC, has proposed some key amendments to the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act to enable the Federal Government optimize the collection of royalties and other revenue in deep water oil production activities. In a presentation...

The federal government has approved the unbundling of the Nigerian National Petroleum Corporation (NNPC) into seven independent operational units with immediate effect. The new units include those for Upstream, Downstream, Gas & Power, Refineries, Ventures, Corporate Planning & Services and Finance and Accounts. The units would...