Tag Archive

NNPC Increases Gas Supply

NNPC Increases Gas Supply

June 12, 2017 No Comments

Efforts by the Federal Government to boost electric power generation in the country may soon yield the required dividend following the sustained increase in gas supply for power generation by the Nigerian National Petroleum Corporation, NNPC. The March 2017 edition of the monthly Financial and Operations Report of the Corporation, released today in Abuja, said […]

Oil rebels attack a gas pipeline in Nigeria

Oil rebels attack a gas pipeline in Nigeria

May 23, 2017 No Comments

The attack on a pipeline operated by the Nigerian Gas Company Limited, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), took place on Saturday near Sanomi creek, close to the oil hub of Warri in Delta state according to media reports. The attack is the first on Nigeria’s oil and gas infrastructure in months […]

Nigeria loses over $1 billion to gas-flaring in two years

Nigeria loses over $1 billion to gas-flaring in two years

May 8, 2017 No Comments

The Federal Government has lost $1.4billion to gas-flaring between 2015 and 2016, data from the Department of Petroleum Resources (DPR) and Nigerian National Petroleum Corporation (NNPC) has shown according to media reports. While DPR figures showed $850 million loss to gas-flaring in 2015, NNPC latest report put losses to gas-flaring in 2016 at $603 million. […]

37 Companies Bid for NNPC Firefighting Trucks

37 Companies Bid for NNPC Firefighting Trucks

April 28, 2017 No Comments

No fewer than thirty seven (37) companies have submitted bids to supply six (6) triple agent firefighting trucks for the operation of the Nigerian Pipelines and Storage Company (NPSC), one of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC). Source / More: NNPC Oil and Gas News Undiluted !!! “The squeaky wheel gets […]

Loading Resumes at Mosimi Depot after 12 Months

Loading Resumes at Mosimi Depot after 12 Months

April 10, 2017 No Comments

Products supply and distribution have received a major boost following the resumption of loading activities by the Nigerian National Petroleum Corporation (NNPC) at its Mosimi Area depot in Ogun State, over the weekend. Group Managing Director of the Corporation, Dr. Maikanti Kacalla Baru, who supervised the recommencement of loading operations at the area, said the […]

Nigeria Achieves 26 Per Cent Reduction in Gas Flaring

Nigeria Achieves 26 Per Cent Reduction in Gas Flaring

April 3, 2017 No Comments

As part of efforts to preserve the environment, the Nigerian National Petroleum Corporation (NNPC) says it has succeeded in reducing gas flaring in the Country, by 26 percentage points in the last ten years from 36 per cent to 10 per cent, pushing Nigeria down from the second highest gas flaring nation in 2006 to […]

NNPC Calls On National Assembly To Pass PIB For Oil Industry Stability

NNPC Calls On National Assembly To Pass PIB For Oil Industry Stability

March 14, 2017 No Comments

The Nigerian National Petroleum Corporation (NNPC) has urged the National Assembly to pass the Petroleum Industry Bill (PIB) into law to dispel the air of uncertainty around the industry, create an enabling environment for the industry to flourish and dissuade the International Oil Companies (IOCs) from exiting the country. Group Managing Director of the NNPC, […]

NPDC’s Daily Crude Oil Production to Rise to 500,000b/d, Gas, 1500mmscf

NPDC’s Daily Crude Oil Production to Rise to 500,000b/d, Gas, 1500mmscf

March 1, 2017 No Comments

The Nigerian National Petroleum Corporation, NNPC has expressed its commitment to grow the Nigerian Petroleum Development Company’s, NPDC, crude oil production to 500,000 barrels per day by 2020. The Corporation said it would also grow NPDC’s gas production to 1500mmscf per day within the same period. The Group Managing Director of NNPC, Dr Maikanti Baru, […]

50 Companies bid for NNPC’s Boat Supply Term Contract

50 Companies bid for NNPC’s Boat Supply Term Contract

January 14, 2017 No Comments

A total of 50 companies recently submitted bids to partake in the provision of sea worthy Tug boats on charter time basis for the maritime operational requirements of the NNPC in Lagos, Warri and Port Harcourt. The public bid opening event which was held at the Abuja Corporate Headquarters of the Corporation had in attendance […]

NNPC Proposes Increase in Oil Royalty, Scraping of Investment Tax Credit in PSC

NNPC Proposes Increase in Oil Royalty, Scraping of Investment Tax Credit in PSC

January 13, 2017 No Comments

The Nigerian National Petroleum Corporation, NNPC, on Thursday proposed some key amendments to the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act to enable the Federal Government optimize the collection of royalties and other revenue in deep water oil production activities. In a presentation to the Joint House of Representatives Committees on the […]

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