The Nigerian National Petroleum Corporation (NNPC) has urged the National Assembly to pass the Petroleum Industry Bill (PIB) into law to dispel the air of uncertainty around the industry, create an enabling environment for the industry to flourish and dissuade the International Oil Companies...

At the start of 2016, President Muhammadu Buhari gave orders to the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, to explore oil in the northern region especially in Chad Basin and Kolamini River.   The order raised hope, especially in the...

The Federal Government has spent N2.4 trillion on the importation of fuels and lubricants in 2016, according to the National Bureau of Statistics (NBS). The agency in its fourth quarter (Q4) foreign and merchandise trade statistics released at the weekend, disclosed that about 18.4 per...

The Nigerian National Petroleum Corporation (NNPC) said it hopes to ramp up crude oil production above the country’s budget benchmark of 2.2 million barrels per day (b/d) by the end of the second quarter of 2017 due to the restoration of critical export pipelines...

Nigeria's oil production has risen to 2.1 million barrels a day, the managing director of state oil firm NNPC has said, without giving an explanation for the increase. "We are hoping that by the end of 2017 we should ramp up production to above 2.2...

Integrated Data Services Limited, IDSL, a Subsidiary of Nigerian National Petroleum Corporation, NNPC, has explained that it was not responsible for the pipeline explosion which occurred recently at a Nigeria Liquefied Natural Gas Limited, NLNG, pipeline in Emohua Local Government Area, Rivers State. IDSL said...