The Nigerian National Petroleum Corporation, NNPC has announced the appointment and redeployment of Top Management staff across board in a major exercise designed to reflect operational realities and ensure sustained performance and profitability. In a podcast to members of Staff, Group Managing Director of the...

The restructuring or total overhauling of the Nigerian National Petroleum Corporation is still being deliberated and has not been effected, the Federal Government has said. According to the Federal Ministry of Petroleum Resources, it will be dangerous to reach a conclusion on the matter when...

The Nigerian oil and gas sector requires about $7 billion capital investment yearly, to fund exploration and development to achieve the nation’s crude production targets, according to Nigerian Investment Promotion Commission (NIPC). Besides, Organisation of the Petroleum Exporting Countries (OPEC), also put the expected...

The federal government has reached an outline settlement to resolve a protracted dispute with five international oil companies (IOCs), under which the oil firms will be paid $5 billion as arrears of cash calls to cover exploration and production costs. Financial Times reported that Shell,...

The Nigerian National Petroleum Corporation (NNPC) has generated N1trn as revenue from the sales of white petroleum products between September 2015 and August 2016. The NNPC revealed in its latest financial and operations report that the sales were made through its downstream arm, the Pipelines...

The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria’s proven gas reserves of 192 trillion cubic feet (TCF) can only sustain the country’s plan to generate 20,000 megawatts (MW) of power and provide gas to guarantee 64 -metric tonne per annum (MTPA) growth...