NNPC Reports Explosion at NPDC’s Benin River Valve Station (BRVS)   The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture. The incident, which occurred...

NPDC Seeks Police, DSS Partnership On Oil Assets Protection The Nigerian Petroleum Development Company (NPDC) - the Upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC) - has sought the collaboration of the Nigerian Police Force (NPF) and the Department of State Services (DSS) towards...

FG Sues NNPC, Agip, 2 Others A Legal battle has begun to recover huge funds lost to alleged under-remittance and diversion of oil/gas royalties and taxes by some major oil companies. The Federal Government has sued four oil companies, accusing them of not being transparent in...

Presidential panel: NPDC, Seplat Short-changed FG By $1.8bn, N8.8bn The Special Presidential Investigation Panel for the Recovery of Public Property says the Nigerian Petroleum Development Company Ltd and one of its Joint Venture partners, Seplat Petroleum Development Company Plc, have short-changed the Federal Government by...

NNPC Appoints Yusuf Usman As NPDC's New MD The Nigerian National Petroleum Corporation (NNPC) has appointed Mr. Yusuf Usman as the Managing Director of the Nigerian Petroleum Development Company Limited (NPDC). He is to replace Yusuf Shimingah Matashi, who retires on 17th July, 2019. The appointment becomes...

NPDC Presents Facilities To Boost Cooking Gas Consumption As part of efforts to fast- track the consumption of Liquefied Petroleum Gas, otherwise known as cooking gas, the Nigerian Petroleum Development Company Limited, the exploration and production subsidiary of the Nigerian National Petroleum Corporation, has announced...