The Federal Government, Nigerian Agip Exploration Limited (NAE) and Shell Petroleum Exploration and Production Company (SNEPCo) have completed the technical and commercial evaluation of bids for the main packages in the development of the $13.5 billion Zabazaba deepwater oil field in Oil Prospecting Lease (OPL) 245 within 14 months.
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NNPC TO BOOST GAS SUPPLY BY 285 PER CENT
The Nigerian National Petroleum Corporation and its partners have evolved a scheme to grow gas supply for domestic consumption by 285 per cent.
Continue reading »FIRST BATCH OF NNPC’S 3,000MW POWER PLANTS READY IN 2019, SAYS BARU
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the first batch of the three new gas fired power plants it plans to build in Abuja, Kaduna and Kano with its joint venture partners will be completed by 2019, to boost power generation in the country.
Continue reading »NIGERIA LOSES AFRICA’S TOP OIL PRODUCER POSITION TO ANGOLA
Sheds N83 billion in one month Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s top oil producer to Angola, according to latest data from the Organisation of Petroleum Exporting Countries (OPEC). With the cumulative loss of 4.8 million […]
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