The Nigerian National Petroleum Corporation (NNPC) has brought down the cost of producing a barrel of crude oil to $20, even as it now targets producing the black gold at $15 per barrel.
Indonesia has expressed the desire to buy more crude oil from Nigeria, a request having been made by the Head of Economic Affairs of the Indonesian Embassy.
The Nigerian National Petroleum Corporation (NNPC) recorded total export receipts of $476.25m in December, 2017, from sale of crude oil and gas as against $201.11m in November, 2017.
The Centre of Excellence in Marine Engineering and Offshore Technology is set to open its doors to the pioneer students who are currently being screened in an admission process.
The Nigerian National Petroleum Corporation has identified Seven Critical Gas Development Projects (7CGDP) scheduled to deliver about 3.4billion standard cubic feet of gas per day on an accelerated basis to bridge a projected medium term supply gap by 2020.
Oando hereby notifies the shareholders and other stakeholders of the appointment of Mr. Muntari Muhammed Zubairu as Group Chief Corporate Services and Operations Officer.
Erin Energy Corporation today announced that it has completed the drilling of the Oyo-NW well and, based on preliminary evaluation, it has discovered hydrocarbons in the Miocene Formation.
The Nigerian National Petroleum Corporation Monday in Abuja revealed that the Nigerian Federation was indebted to the corporation to the tune of N170.6 billion outstanding subsidy payments due from January 2006 to December, 2015.
The Nigerian Petroleum Development Company, one of the upstream subsidiaries of the Nigerian National Petroleum Corporation, will increase its daily crude oil production to 500,000 barrels per day before 2022.
Oando has appointed Alhaji Bukar Aji OON as a Non-Executive Director of the Company in accordance with Article 88 of the Company’s articles of association, effective as 19 January, 2018.