Oil Workers Threaten To Shut Down Pan Ocean Oil Company         Oil workers, under the auspices of National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Pan Ocean Oil Limited recently acquired by Asset...

NNPC Targets 3million bpd Oil Production       The Nigerian National Petroleum Corporation, NNPC, said it targets to achieve 3million barrels per day, bpd, oil production in no distant time. The Group Managing Director, NNPC, Mele Kyari stated this at a media parley organised for Energy Editors at...

OML 40 Explosion Damages Marine Storage Vessel, Stalls 10,000bpd       The Nigerian Petroleum Development Company, a subsidiary of the Nigerian National Petroleum Corporation, has reported an explosion at a production facility in Oil Mining Lease 40 involving its partners, Elcrest Exploration and Production Nigeria Limited. Spokesperson for...

NNPC Releases 2019 Audited Financials, Declares N1.7bn Loss       The Nigerian National Petroleum Corporation, NNPC, Thursday, announced the release of its 2019 Audited Financial Statement, declaring a loss of N1.7 billion, representing a 99.7 per cent decline from a loss of N803 billion recorded in 2018. In...

NNPC Records N20.36bn Trading Surplus       The Nigerian National Petroleum Corporation on Thursday announced that it recorded an increased trading surplus of N20.36bn in July 2020 compared to the N2.12bn surplus it posted in the preceding month. It announced this in its latest financial and operations report...

NPDC Planning 500,000 Barrel Of Crude Oil Per Day – NNPC Boss     Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has assured that the Nigeria Petroleum Development Company will scale up its production to 500, 000 barrels of crude oil per day...