May 2, 2014
NNPC to increase crude oil reserves, production

THE Nigerian National Petroleum Corporation (NNPC), has embarked on fresh exploration campaigns in offshore, onshore and the inland basins of Chad, Anambra, Benue, Bida and Sokoto Dahomey to increase the country‚Äôs crude oil reserve and production.  Specifically, NNPC expects the outcome of the programme to boost the national crude oil reserve and production to 40…

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May 2, 2014
Gas-to-Power: NNPC Turns to Local Security to Protect Pipelines

The Nigerian National Petroleum Corporation (NNPC) has said that it is greatly engaging local vanguards and vigilante groups to provide security coverage for its crude oil and gas pipelines that are located at the creeks of Niger Delta. NNPC said it has opted to maintain such strategies rather than providing financial settlements to local chiefs…

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May 2, 2014
FG, Shell, Others Lose $1bn to Closure of Forcados Export Terminal

The federal government and the International Oil Companies (IOCs), including Shell Petroleum Development Company (SPDC) and Chevron Nigeria Limited may have lost a total of $1billion to the closure of the Forcados Export Terminal, since March 4, 2014, THISDAY has learnt. Shell at the weekend confirmed that the export terminal has remained closed for over…

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