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Cost of Producing Crude Oil per Barrel now $20 –NNPC

By Ayobami Adedinni The Nigerian National Petroleum Corporation (NNPC) has disclosed that has brought down the cost of producing a barrel of crude oil to...

NNPC spends N774m daily subsidising petrol –Baru

The Nigerian National Petroleum Corporation on Sunday announced that it currently spends N774m daily as subsidy on the 50 million litres of Premium Motor...

NNPC committed to helping Nigeria attain competitive edge in non-oil sectors

  ...as Baru says fuel scarcity now a thing of the past   The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment towards providing the necessary...

Nigeria’s oil, gas sales rose to N1.22trn in 2017

  …oil export dips by 2.4% in fourth quarter Nigeria crude and oil gas sales rose sharply to N1.22 trillion in 2017, according to data obtained...

Experts, stakeholders to proffer solutions, network at WAIPEC 2018

Expert, stakeholders to proffer solutions, network at WAIPEC 2018   By Ayobami Adedinni         Industry leaders and expert speakers have been drawn from key stakeholders to...

Subsidy: NNPC says FG owing it N170.6 billion in outstanding payments

The Nigerian National Petroleum Corporation (NNPC) on Monday injected a fresh twist to the fuel subsidy controversy with a claim that the Federation Account...

Nigeria loses N1.12bn daily to non-availability of gas—Report

NIGERIA may have lost N1,121,000,000 on January 14, 2018, due to insufficient gas supply to generate power, according to the Spectator Index. According to the...

Chevron, NNPC, among others to speak at WAIPEC

By AYOBAMI ADEDINNI The Petroleum Technology Association of Nigeria (PETAN) has announced the first set of speakers to feature on the programme at the West...

“The downstream sector has not performed optimally- Diran Fawibe,

Dr Diran Fawibe, Chairman/CEO of International Energy Services (IES) Ltd, in this interview speaks on the dwindling fortunes of the nation’s downstream sector, gas...

UAE , Kuwait to invest US$220Bn in Oil & Gas in...

According to Ventures Onsite Report, Kuwait is planning to invest US$112 bn. in the next 5 years in the oil and gas sector to...

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