Business Hilights

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Kolmani River II Well

Experts doubt if new found northern oil would be in commercial quantity

Whereas the Federal Government continues on the euphoria of finding crude oil, gas and condensates in the Kolmani River region at the border community between Bauchi and Gombe states, industry experts have argued that the major issue is not hitting…

NNPC to restart oil search in Chad Basin, still mute on Gongola Basin results

At a time industry stakeholders have expressed anger on the incommunicado posture of the Nigerian National Petroleum Corporation (NNPC) over the results of its $3bn spent on oil search on Gongola Basin, the Corporation has given signal of resuming endless…

NNPC warns Buhari, says it’ll take years to find oil in the North

Though it was fanfare weekend, in Barambu community in Alkaeri Local Government Area, between Bauchi and Gombe states when President Muhammadu Buhari flagged off the ceremonial Spud-in (drilling) of Kolmani River II Well, the Managing Director of Nigerian National Petroleum…