Nigeria inches closer to 40 billion barrels oil reserve target -NNPC

By Dennis Mernyi The plan by the Nigerian National Petroleum Corporation to grow the nation’s crude oil reserves to 40 billion barrels by the year 2020 received a major boost on Thursday with the execution of a tripartite agreement in Abuja. The agreement was between the NNPC/FIRST Exploration & Production Joint Venture and Schlumberger for the More...

by Kwararafa Reporters | Published 8 months ago
By Kwararafa Reporters On Thursday, May 18th, 2017

FG to reduce petroleum import to 60% by 2018– Kachikwu

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has reiterated Federal Government’s resolve to reduce importation of petroleum products from the present 95 per cent to 60 per cent by 2018. Kachikwu More...

By Kwararafa Reporters On Monday, May 15th, 2017

Saving Nigeria from Gas flaring

The sensational report the other day that Nigeria lost N523 billion to gas-flaring between 2015 and 2016, is certainly no complimentary news. Data from the Department of Petroleum Resources (DPR) showed $850 million More...

By Kwararafa Reporters On Monday, May 15th, 2017

Nigeria’s oil production rises by 274,000bpd in April -OPEC

Nigeria’s crude oil production rose by 274,000 barrels per day in April, according to data obtained from the Organisation of Petroleum Exporting Countries (OPEC). OPEC said the increase is the biggest among countries More...

By Kwararafa Reporters On Wednesday, May 10th, 2017

Domestic Gas Supply Hits 5bn SCF By 2020

The Nigerian National Petroleum Corporation (NNPC) and its partners have evolved a scheme to grow gas supply for domestic consumption by 285% from 1.3billion standard cubic feet per day to 5bscf/d by 2020. This More...

By Kwararafa Reporters On Tuesday, January 10th, 2017

Yahya Jammeh must go, ECOWAS leaders insist

From left: ECOWAS Chairperson, President Ellen Sirleaf-Johnson of Liberia, President Muhammadu Buhari, President Macky Salle of Senegal and former President John Mahama of Ghana, before a meeting on the Gambian More...

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