NNPC | Egypt Oil & Gas - Part 6
NNPC to Drill in Chad Basin
The Nigerian National Petroleum Corporation’s Managing Director (NNPC), Maikanti Baru, has announced that subsequent to the acquisition and processing of more than 1,900 sq. km of new 3D seismic in Chad Basin, t... Nigeria to Payoff Energy JV Arrears with Royalties, Taxes
The Nigerian National Petroleum Corporation (NNPC) revealed that its Joint Venture (JV) payment structure necessitates an urgent review, stating that, oil and gas royalties and taxes would be used in liquidating outst...
Miltants Attacked Nigeria’s Bonny Crude Pipeline
The Niger Delta Avengers (NDA) has claimed responsibility for bombing the Bonny 48-inche crude oil export line in Rivers State in Nigeria, Punch reported. Nigeria’s oil and gas infrastructure has long suffered f...
Nigeria Spends $7b on Fuel Subsidies
International Institute of Petroleum’s CEO and a former executive at the Nigerian National Petroleum Corporation (NNPC), Tim Okon, declared that Nigeria spent an estimated b as subsidy on petroleum products out ...
Nigeria to Explore for New Oil, Gas Reservoirs
Nigeria is to offer incentives for oil and gas companies to explore the hydrocarbon potentials of green frontier basins in order to increase country’s depleting reserves, All Africa reported. The Chad Basin, Ana...
Nigerian Crude Production Declined by 700,00b/d
The Nigerian National Petroleum Corporation (NNPC) Managing Director, Maikanti Baru stated that pipeline vandals and oil thieves have lost Nigeria 560,000 barrels of crude to the refineries as feedstock and 109m litre...
Nigeria Discovers Oil Siphoning Well in Lagos
The Nigerian Army and officers of the Nigeria Security and Civil Defence Corps (NSCDC) uncovered an illegal oil well in Lagos State. The well was filled with Petroleum Motor Spirit (PMS) that is used as petrol for veh... Nigeria Seeks Stable Petroleum Distribution
The Nigerian National Petroleum Corporation (NNPC) has requested the support of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to guarantee efficient distribution of petroleum products nationwide f...
