The Nigerian National Petroleum Corporation (NNPC) has disclosed that it increased gas supply to power plants by 19.14 percent in April and transferred about N219.16 billion crude oil proceeds from domestic crude oil and gas sales to the Federation Account Allocation Account (FAAC).
The Federal Government had reached the conclusion that it could no longer bear the burden of petrol subsidy, the Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday.
There is going to be an increase of 19.14 percent in the average daily natural gas supply to power plants, the Nigerian National Petroleum Corporation (NNPC) has announced.
S&P Global Platts calculations reveal that Nigeria and other members of the Organisation of Petroleum Exporting Countries(OPEC) slashed their combined crude output in June to a three-decade low.
The Department of Petroleum Resources (DPR) says over 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oilfields in the country.
Mammoet, a global leader in engineered heavy lifting and transport, has completed a heavy lifting and transport project for Dangote Petroleum Refinery.
In its latest monthly financial and operations report for March 2020, the Nigerian National Petroleum Corporation posted total revenue of N192.4bn from the sale of petrol, kerosene, and diesel in the month of March.
Atlas Petroleum International resumed workover activities and well interventions on OML 109 over the weekend, in a bid to enhance production from the Ejulebe marginal field.
A substandard Toyota engine oil brand has penetrated the market, the Standards Organisation of Nigeria, SON, has warned.
The Nigerian National Petroleum Corporation recently witnessed some changes in its top management positions. The Federal Government made new appointments and redeployments at the corporation and also confirmed the recent resignation of NNPC’s Chief Operating Officer, Ventures and New Business Directorate, Roland Ewubare.