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Breaking News | NNPC Trading Surplus Increased To N39.85bn In One Month – Report

The Streetjournal Magazine is an online investigating media house that specializes on systematic, serious crimes, political corruption or corporate wrongdoing. ....

Port Harcourt , Nigerian National Petroleum Corporation , Petroleum Products Pricing Regulatory Agency , Nigerian Gas Marketing Company , Duke Oil , Petroleum Products Marketing Company , Nigerian Gas Company , Operations Report , Warri Area , Mosimi Area , Port Harcourt Areas , Premium Motor Spirit , Cubic Feet , Standard Cubic Feet Per Day , போர்த் ஹர்கார்ட் , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் , நைஜீரியன் வாயு சந்தைப்படுத்தல் நிறுவனம் , டியூக் எண்ணெய் , பெட்ரோலியம் ப்ராடக்ட்ஸ் சந்தைப்படுத்தல் நிறுவனம் , நைஜீரியன் வாயு நிறுவனம் , செயல்பாடுகள் அறிக்கை , வார்ரி பரப்பளவு , ப்ரீமியம் மோட்டார் ஆவி , கன அடி , தரநிலை கன அடி ஒன்றுக்கு நாள் ,

NNPC revenue hits N578.79bn, as trading surplus rises by 314%

The NNPC on Thursday disclosed that its operating revenue rose by 35.64 percent to stand at N578.7 billion in February 2021, a N150.07 ....

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OGDCL injects 12 more wells in production gathering system in nine months

Daily Times
May 27, 2021
Oil and Gas Development Company Limited (OGDCL), during the first three quarters of the current fiscal year, has injected as many as 12 more operated wells in the production gathering system aimed at tackling the natural depletion in existing reserves and meeting the country’s ever-increasing energy needs.
“Decline in the production was partially mitigated by injection of 12 operated wells in the system including Mela-7, Pasakhi-11, TAY South West-1, Saand-1 & 2, Umair-1, Mangrio-1, Togh Bala-1, Nashpa-10, Pasakhi Deep-6, Pasakhi West Deep-2 and Qadirpur-62 which cumulatively yielded gross crude oil and gas production of 371,918 barrels (BBL) and 6,769 Million Cubic Feet (MMCF) respectively,” according to an official report available with APP. During the period under review, the oil and gas production was impacted primarily by a natural decline at Kunnar, KPD-TAY, Dakhni, Sinjhoro and Nashpa fields. Moreover, lower production was recorded ....

Togh Bala , North West Frontier , Engro Powergen , Gas Development Company Limited , Petroleum Gas , Pasakhi West , Cubic Feet , Non Operated Joint Venture , Per Day , Liquefied Petroleum Gas , வடக்கு மேற்கு எல்லை , வாயு வளர்ச்சி நிறுவனம் வரையறுக்கப்பட்டவை , பெட்ரோலியம் வாயு , கன அடி , அல்லாத இயக்கப்படுகிறது கூட்டு துணிகர , ஒன்றுக்கு நாள் , திரவமாக்கப்பட்டது பெட்ரோலியம் வாயு ,

Only $666m Out Of Targeted $1.5b Oil Revenue Realised 2020

The government realized $666m out of its targeted revenue of $1.5 billion from the upstream petroleum industry for the year 2020 due to the impact of COVID-19.
The drop in the targeted revenue was also attributed to the low oil prices on the international market.
The Manager, Project Evaluation at Petroleum Commission (PC), Ebenezer Harmah, disclosed this at Sekondi on Monday, at a stakeholders’ meeting with the Western Region House of Chiefs attended by the Minister of Energy, Dr Matthew Opoku Prempeh, and the Chieftaincy and Religious Affairs Minister, Mr. Kojo Kum.
Mr. Harmah explained that since the pandemic broke in the country in 2020, there had been a significant drop in crude oil price arising out of demand shock, increased cost of operation, impact on exploration and appraisal investments, investment attraction, and local content development. ....

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Nigeria's local gas production rose 5% in January

Lagos Nigeria’s national gas production in January 2021 increased by 4.79% percent (approximately 5 percent) at 223.55BCF compared to output in December 2020. The NNPC’s latest monthly data report said the boost in gas production for the month under review translates to an average daily production of ....

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