Daily Archives: January 31, 2018

Why oil exploration yet to start in Chad Basin – NNPC

  THE Nigerian National Petroleum Corporation (NNPC) has attributed security challenges to be the stumbling block in the exploration of oil in the Chad Basin. This was even as he said there are oil prospects in the basin General Manager, Frontier Exploration Services, Dr Mazadu Bako stated this during the 50th-anniversary celebration of Geology Department, […]

Oil production cost from Egina field put 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, THISDAY reports.   The Group Operating Officer (GOO) Upstream of the NNPC, Mr. Rabiu Bello, disclosed this recently in his […]

Fuel depot price hits N165 per litre Jan 30, 2018

  Despite what seems like the best efforts of the Nigerian National Petroleum Corporation (NNPC) to end the protracted petrol scarcity in the country, the fuel supply situation may worsen as the price has hit N165 per litre at the depots, against the official price of N133.28, THISDAY reports.   A market survey showed that […]