Reps Demand Details Of NNPC Expenditure, JV Cash Calls, Others         The House of Representatives’ Committees on Petroleum Upstream, Downstream and Gas Resources, yesterday asked the Nigerian National Petroleum Corporation (NNPC) to open up its books on various expenditures incurred on Joint Venture operation (JVC), pipeline...

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...

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...

Kyari ,Sylva Shun Budget Defence Meeting With Reps         The Minister of State for Petroleum Resources, Timipre Sylva; and the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Monday, failed to appear before the House of Representatives. Sylva and Kyari, among others, were...

Reps Summon Kyari, Emefiele, Allege N3.2trn, Others Unremitted         The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over non-remittance of $19.25bn (approximately N3.24tn) revenue that...