After a sustained bombing of oil facilities reducing Nigeria’s oil output and revenue, the Niger Delta Avengers has said that it is now willing to dialogue with the Federal Government. As a prelude to the talks and an expression of readiness to lay down arms and embrace peace, the NDA, Wednesday, raised what it calls “Contact and Dialogue Team headed … Read More
Nigeria Government to Commence Oil Exploration in Benue Trough
President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to commence the search for crude oil and other hydrocarbon exploration in the Benue Trough. According to a statement by the NNPC, Group Managing Director of the NNPC, Mr. Maikaniti Baru, disclosed this while receiving a delegation from the Benue State Government, who paid him a courtesy visit in … Read More
NNPC Highlight Obstacles to Nigeria’s Reserve, Production Target
The Nigerian National Petroleum Corporation ( NNPC ) has hinged the inability of the country to reach the Four million production and 40 billion reserve target on funding constraints, infrastructure vandalism, security concerns and a host of others. The Group Managing Director of NNPC, Dr. Maikanti Baru, who made this disclosure during the conference organised by the Society of Petroleum … Read More
Production Disruptions From Nigeria and Libya Lower OPEC’s Output in July 2016
OPEC’s crude oil output was disrupted in July, by militant attacks in Nigeria and political disputes in Libya, according to a Bloomberg News survey. Output from the 13 established members of the Organization of Petroleum Exporting Countries, excluding new entrant Gabon, fell by 80,000 bpd last month, a Bloomberg survey of analysts, oil companies and ship tracking data showed. Nigeria led … Read More
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