I Will Replace Sharing Formula With Production Formula – Obi
A Presidential aspirant on the platform of the People’s Democratic Party (PDP), Mr Peter Obi declared that if voted president…
OPEC Increases Nigeria’s Oil Production Quota For June
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.735 million barrels per…
Why Cost Of Oil Production May Remain High – Experts
Unless a pragmatic approach aimed at reducing operating costs is deployed, stakeholders have raised concerns that cost of oil production…
Senate Wants Computerised Facilities For Oil Production
The Senate has urged the Federal Government to set up consortium of experts to evaluate possibilities of installing computerised oil…
NNPC Confirms 1.6m BPD Oil Production
Nigeria is producing 1.6 million to 1.7 million barrels per day (bpd) of crude oil, the Chief Operating Officer of…
FG Pushes For Lower Crude Oil Production Cost
The Federal Government is deepening the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act as part…
NA, DICON Sign For Production Of Ezugwu MRAP Vehicles
The Nigerian Army on Tuesday formalised agreement with the Defence Industries Corporation of NIGERIA / Command Engineering Depot on mass…
NNPC: Nigeria daily oil production reaches 2.3mbpd – Baru
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says the country’s daily oil production is currently…
Germany invests €2m in Nigeria’s rice production
The German Government, with support from the Bill and Mellinda Gates Foundation, has provided two million Euros for implementation of…