Suspected militants on Monday vandalised the Trans-Niger pipeline in Ogoniland in the Niger Delta region, reducing the Nigerian National Petroleum Corporation’s crude oil production by 150,000 barrels per day. According to the Group Managing Director, NNPC, Dr. Maikanti Baru, the country has not been able to sustain the recent gains recorded in crude oil production […]
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The Nigerian National Petroleum Corporation (NNPC) has announced that it will resume the search of crude oil in the Lake Chad Basin of Borno state. Group Managing Director of NNPC, Dr Maikanti Baru, made the promise when he visited Gov. Kashim Shettima at the Government House in Maiduguri on Monday. Represented by the NNPC Chief […]
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The cash call arrears owed oil companies by the Federal Government have swollen to over $8.5bn (N2.6tn), a development that has seen the government making moves to exit the Joint Venture cash call system. The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, disclosed this on Tuesday at the Nigerian Association of Petroleum […]
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged the National Association of Petroleum Explorationists (NAPE) to explore the hydrocarbon potentials of green frontier basins in order to increase the depleting reserves in the country. He said the federal government would be willing to make provisions for incentives […]
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