Daily Archives: January 30, 2018

NNPC, Total to Produce Oil from Egina Field at $20 Per Barrel

  The cost of producing a barrel of crude oil from the Egina oil field by the Nigerian National Petroleum Corporation (NNPC) and Total Upstream Nigeria Limited (TUPNI) has been put at $20 per barrel.   The Group Operating Officer (COO) Upstream of the NNPC, Mr. Rabiu Bello, disclosed this recently in his presentation at […]

Total, NNPC JV prepare for FID on new Ikike oilfield project

  While speaking at the arrival ceremony of the Egina floating production storage offloading (FPSO) unit, at the Ladol Island fabrication complex, offshore Lagos, Mr. Nicolas Terraz, Managing Director, Total Upstream Companies in Nigeria, said that the final investment decision (FID) on the Ikike oil field project is the next focus of Total and NNPC, […]

NNPC stinks despite regime change, says Bukola Saraki

• Senate president vows to expose culprits in high places • Corporation insists govt owing N170.6 billion subsidy Deep-Seated illegality and abuse of financial procedures still bedevil the Nigerian National Petroleum Corporation (NNPC) two years after a regime change, Senate President Abubakar Bukola Saraki declared yesterday in Abuja. Saraki said the problem had continued in […]

Kaduna Refinery Shut Over Lack of Crude

The Kaduna Refining and Petrochemical Company (KRPC) shut down operations on January 15 due to the non-availability of crude oil.   The Executive Director, Services, of KRPC, Abdullahi Idris, disclosed this to the News Agency of Nigeria (NAN) in Kaduna.   He said the refinery, whose fuel plant was inaugurated in 1980, was functioning at […]