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NNPC supports gas facilities deployment

The Nigerian National Petroleum Corporation (NNPC) says it is committed to supporting the ongoing initiatives by the Federal Ministry of Petroleum Resources to provide an alternate energy source to Nigerians.

NNPC obtains $1bn to support upstream operations

A prepayment funding of about $1bn has been disbursed to the Nigerian National Petroleum Corporation to support the upstream operations of its subsidiary, the Nigerian Petroleum Development Company. NNPC said on Thursday night that the crude oil prepayment had enabled the corporation to pay NPDC’s tax obligations to the Federal Government of…

Gas use to be boosted by PIB, says Slyva

The Federal government says the proposed Petroleum Industry Bill (PIB) would ensure that the nation’s abundant natural gas resources are used to promote national development.

FG moves to reduce oil output cost to $10

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that the Federal Government is working towards attaining a $10 per barrel production cost sealing in the oil and gas sector.
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