Nigeria produces 155m bbls of oil in three months

Amidst dwindling oil revenue occasioned by the coronavirus pandemic, Nigeria produced 155,062,220 barrels of crude oil and condensate for the months of July, August and September. According to data from the Department of Petroleum Resources, the country produced a daily average of 1,701,738, 1,704,669 and 1,648,786 for the months of July, August and September 2020, …

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NNPC Boosts Power Generation by 2,538MW in August

Emmanuel Addeh in Abuja The Nigerian National Petroleum Corporation (NNPC) said yesterday that it supplied 727 million standard cubic feet per day (mmscfd) of natural gas for power generation to the country in the month of August, 2020.According to the national oil company, this was an equivalent of 2,538MW of power which represented an increase …

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Set aside risk funds, NNPC tells national oil firms

National oil companies should set aside risk funds to minimise the impacts of unforeseen events, the Nigerian National Petroleum Corporation has said. NNPC’s Group Executive Director, Umar Ajiya, said this during a dialogue on responses by governments and the oil industry to the COVID-19 pandemic in the extractive sector. The dialogue, which was hosted by …

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