Daily Archives: March 2, 2018


  Barely two weeks after the release of some lecturers prospecting for oil at the Chad Basin, the Nigeria National Petroleum Corporation, NNPC, has concluded arrangement to recommence exploration activities at the basin, Group Managing Director of NNPC,  Maikanti Kacalla Baru, has said.   Oil exploration activities at the Chad Basin was suspended for months […]

Nigeria Bribery Scandal Reflects Cost Of Doing Business In Petrostates

This month, high-ranking officials of two major international oil companies (IOCs) will go on trial in Milan for bribing officials in Nigeria to secure lucrative contracts. The case marks the third major corruption scandal that has touched large oil companies in recent years.   In Brazil, Petrobras contractors overcharged the oil company for work and […]

Refineries production capacity to increase by 555,000 bpd

  The Nigerian National Petroleum Corporation (NNPC) has disclosed plans to increase the name plate capacity of its refineries to one million barrels of crude oil per day from its current 445,000 bpd.   Group Managing Director of NNPC, Mr. Maikanti Baru, stated this at Society of Petroleum Engineers (SPE) Oloibiri Lecture Series and Energy […]