NNPC Ltd, First E&P Achieve 20,000bpd Production at OML 85
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production…
Shell to exit Nigeria’s onshore oil after nearly a century, to sell subsidiary for $2.4bn
January 16, 2024 Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of…
OMLs: Host community youths in Bayelsa welcome development, hopeful of job opportunities
Youths from Koluama communities in Southern Ijaw Local Government of Bayelsa on Monday applauded the successful development of hitherto dormant Oil Mining Leases (OMLs) 83 and 85 to production start…
Nigeria to earn $5.60bn in taxes from Schlumberger, other deals — Baru
The Nigerian National Petroleum Corporation (NNPC), says the NNPC, First E&P and Schlumberger 724 million dollars oil financing deal will enable Nigeria earn 5.60 billion dollars in taxes and royalty….