Nigeria Risks Losing 38% Deepwater Oil Output 2025 - Operators
The fiscal terms in the current Petroleum Industry Bill may lead to a 38 per cent reduction in Nigeria’s deepwater oil production in 2025, an industry group comprising international and indigenous oil firms in the...
NNPC Records N222.3bn Gross Revenue In November
The Nigerian National Petroleum Corporation (NNPC) recorded a gross revenue of N222.3 billion, excluding statutory and obligatory deductions in November 2020, latest figures from the national oil company have indicated.
Documents presented by the corporation, detailing its activities to...
Nigeria Closer To Full Gas Utilisation Potential, Says Buhari
President Muhammadu Buhari, on Tuesday said Nigeria under his watch was getting closer to the nation’s dream of full utilisation of its abundant gas potential.
According to a statement by his Special Adviser on Media and Publicity,...
NNPC Adopts Third Party Financing For Oil, Gas Projects
The Nigerian National Petroleum Corporation on Tuesday said it was currently focusing on third party financing of oil and gas development projects.
Group Managing Director, NNPC, Mele Kyari, said this while playing host to the Chairman, Revenue...
NEITI Clears NNPC, Says 11 Audit Issues Resolved
The Nigeria Extractive Industries Transparency Initiative, NEITI, yesterday, disclosed that 11 out of the 20 audit issues raised against the Nigerian National Petroleum Corporation, NNPC, in its past audit reports have been resolved.
In a statement in Abuja,...
New Gas Project To Add N2.8trn To Nigeria’s Economy
About N2.8 trillion-revenue is expected from a new 200 million cubic feet gas project being promoted by the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC).
This revenue is expected to...
