NNPC Officials Stole 48m Barrels Of Oil – Firm     An oil trading firm, Samano Sa De CV, has written a letter to the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, demanding five per cent reward for exposing the diversion and theft...

NNPC Raises August Selling Prices Of Crude Oil     The Nigerian National Petroleum Corporation has increased the prices at which two of the country’s major crude oil grades would be sold in August. Most of the country’s September loading programmes emerged on Monday, but traders were still...

Nigeria’s Deepwater Gas Production Hits Lowest     The volume of natural gas produced from the nation’s deepwater oilfields has hit its lowest level in at least five years, an analysis of data obtained from the Nigerian National Petroleum Corporation has shown. The deepwater gas production plunged in...

NNPC Suffers 47% Drop In Petrol Sales Revenue     The Nigerian National Petroleum Corporation saw its revenue from petrol sales plunge by 47.38 per cent to N107.61bn in April as supply dropped amid the coronavirus lockdown and the reduction in the pump price of the product. The...

Fed Govt Spends N464bn On Oil Joint Ventures     The Federal Government spent N464.2bn in the first three months of 2020 on oil and gas assets being developed through joint ventures with private firms, mostly international oil companies, the latest data from the Nigerian National Petroleum...

Reps Seek Relocation Of Oil Tank Farms As NNPC Seeks Time   The House of Representatives has called for the relocation of oil tank farms from residential areas nationwide. Speaker of the House of Representatives, Femi Gbajabiamila made the call while inaugurating an adhoc committee on the...