NNPC Targets 3million bpd Oil Production       The Nigerian National Petroleum Corporation, NNPC, said it targets to achieve 3million barrels per day, bpd, oil production in no distant time. The Group Managing Director, NNPC, Mele Kyari stated this at a media parley organised for Energy Editors at...

Crude Oil In Commercial Quantity Discovered In Benue Trough – NNPC       The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity. It said Nigerian geologists were spearheading efforts in the discovery of the commodity in...

NNPC Commits to Growing Nation’s Hydrocarbon Reserves to 40 billion barrels The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country. Group Managing Director of...

Yobe, Anambra, Kebbi Paid Highest For Petrol In October – NBS       Consumers paid more for petrol, kerosene and diesel in the month of October 2020 as the cost of the commodities were hiked across the country, the National Bureau of Statistics has said. Figures obtained from...

COVID-19 Pandemic Costs Oil Industry $1trn - Kyari       The COVID -19 cost the global oil and gas industry some losses totalling $1 trillion, according to Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) Mele Kyari. He attributed the losses to the decline in demand for...

Average price per litre of kerosene Jumps to N352.93 in October-NBS The National Bureau of Statistics (NBS) says the average price per litre paid by consumers for national household kerosene increased to N352.93 in October from N347.98 in September. The bureau made this known in its...