Nigeria plans to resume local refining of crude oil in early August, national petroleum authorities announced Monday.
The Nigerian National Petroleum Company Limited has applied to a High Court of the Federal Capital Territory, Abuja, to stop its ongoing legal action against several subsidiaries of Mobil Nigeria and the Nigerian Upstream Petroleum Regulatory Commission.
The Nigerian National Petroleum Company (NNPC) is set to begin oil exploration in Ogun state This will mean more crude oil production for Nigeria and also help increase federal government revenue The governor of Ogun state is excited and has stressed the importance of NNPC’s decision to search for oil in the state.
The Ogun State government has announced its readiness to join the ranks of oil-producing states as the Nigerian National Petroleum Corporation (NNPC) Limited is set to commence exploration of oil and gas in the state.
Schlumberger Ltd. (SLB) and Nigeria National Petroleum Corp. Ltd. (NNPC) have signed a cooperation agreement that commits SLB to helping provide technical services in Nigeria’s upstream oil and gas sector.
From 1.28 million barrels per day in April, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says Nigeria’s oil production was inching towards 1.7mbpd as of Saturday.
The Nigerian National Petroleum Co. Ltd. (NNPC) recently resumed production from the Awoba field and initiated oil production from the Madu field after facing challenges that led to shutdowns. The Awoba field, located in Rivers State, is expected to reach a production plateau of 12,000 barrels per day, significantly enhancing the country’s gas supply.
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian
National Petroleum Company (NNPC) Limited over the “failure to account for and explain the whereabouts
of the alleged missing USD$2.04 billion and N164 billion oil revenues.”
The final investment decision (FID) on the planned $25 billion Nigeria-Morocco pipeline linking North and West Africa could be reached by December, a senior Nigerian oil official said.
Oil and energy officials from Nigeria and Morocco met to elevate discussions toward a final investment decision for a planned transborder gas pipeline linking North and West Africa.