Still waiting for report on commercial viability of new found oil
…As FG begins hydrocarbon survey in Bida Basin Whereas Nigerians have continued to wait on the Nigerian National Petroleum Corporation (NNPC) to release the results of its research on the commercial viability of new found oil reserves in Gongola Basin…
NNPC silent on exploring oil in Anambra, Ebonyi, restarts search in Benue trough
Barely one week after the federal government confirmed Anambra State as oil producing state following the delineation and resting of the controversial contiguous border issues with Kogi State which had been hanging for years, the Nigerian National Petroleum Corporation (NNPC)…
FG needs $3.5b inward investments to drive flared gas commercialization target by 2020
Nigeria, Africa’s leaders in natural gas deposit loses approximately $10 billion of revenue through gas flaring, due to inability to capture and commercialise flared gas in oil producing communities. However, the country is now in need of $3.5 billion worth…
NNPC denies political reasons, cites boosting of reserves for oil search in the North
Contrary to popular understanding that the Nigerian National Petroleum Corporation (NNPC) is restlessly searching for oil in the north for political reasons when there lots of wells yet to be developed in parts of South East and even Niger Delta,…
There is oil in North, but not in commercial quantity— Geomorphologist
Leading geomorphologist, Dr. Isaac Undu, has advised the federal government and the Nigerian National Petroleum Corporation (NNPC), to stop spending scare resources in searching for hydrocarbons in any part of the Northern Nigeria. In an interview on Sunday, the Benue-born…
