Fed Govt Owes Five IOCs $1.15bn Cash Call Arrears, Clears $3.53bn Debt   A total of $3.53bn has been paid by the Federal Government to five international oil companies as cash call arrears repayment to the IOCs, leaving an outstanding balance of $1.15bn. Latest status report on...

Six Multinationals To Pay N249bn Oil Proceeds In January – NNPC   A total of N249.3bn for October 2021 domestic crude oil sales by six multinational oil companies operating in the upstream sector will be paid in January 2022, the Nigerian National Petroleum Company Limited has...

350 Pipeline Points Vandalised In Seven Months - NNPC   A total of 350 pipeline points were vandalised from January to July this year, the latest data obtained from the Nigerian National Petroleum Company Limited have shown. The number of vandalised pipeline points rose from 27 in...

In Three Months, N556bn Crude Oil Lost To Vandalism, Others – NNPC   Nigeria lost crude oil valued at about N556bn between August and October this year due to pipeline vandalism, community interferences, sabotage of oil facilities, among others, latest industry data obtained from the Nigerian...

NNPC Ends 2021 With Global Award For Oil, Gas Reforms     The Nigerian National Petroleum Company Limited has ended the year on a bright note after it won an award as the overall best company in oil and gas reforms at the Open Government Partnership global...

NNPC Spends N1.3trn On Pipelines, Others In 11 Months     The total amount so far spent this year by the Nigerian National Petroleum Company Limited on the Federal Government’s priority oil sector projects is $3.21bn (N1.322tn), data obtained from the NNPC on Thursday showed. It was also...