Tag: NPDC
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Elcrest donates relief items to Gbetiokun communities in Delta
Elcrest Exploration and Production Nigeria Limited has, on behalf of itself and the Nigeria Petroleum Development Company (NPDC), Operator of the OML 40 JV, presented various relief items to communities in Gbetiokun, Delta state.
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60 communities benefit from NPDC scholarship scheme in Edo, Delta
No fewer than 60 communities across Edo and Delta are benefitting from the Nigeria Petroleum Development Company Limited (NPDC) annual scholarship scheme organised for its host communities. Mr Dahiru Abubakar, Manager, Community Relations Department, NPDC, made this known on Saturday during the conduct of the year 2020/2021 scholarship examination organised by NPDC in Warri, Delta.…
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BREAKING: Explosion rocks NNPC production facility
An explosion has been reported at a production facility in Oil Mining Lease (OML) 40, involving partners of the Nigerian Petroleum Development Company, Elcrest Exploration and Production Nigeria Limited. TheNewsGuru.com (TNG) reports the explosion occurred while production evacuation was being carried out at the Gbetiokun Early Production facility. The NPDC, an upstream subsidiary of the…
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NNPC obtains $1bn to fund Upstream Operations of NPDC
The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of approximately US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC). This is contained in a statement signed by Kennie Obateru, NNPC’s Group General Manager Group Public Affair Division. The crude oil prepayment has, according to the ststement, enabled…
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NPDC Eyes 600mmscf/d of Gas Supply to Domestic Gas Market
The Nigerian Petroleum Development Company (NPDC), an Exploration and Production subsidiary of the Nigerian National Petroleum Corporation (NNPC), is looking at boosting its gas supply to the domestic market by 600million standard cubic feet per day (mmscf/d) in the next three to five years. The Managing Director of NPDC, Engr. Mansur Sambo, disclosed this during…
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NNPC, NPDC, others yet to remit $22.06bn, N481.75bn to FAAC – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that the 22.06 billion dollars and N481.75 billion yet to be remitted by NNPC and others to the Federation Account are legacy issues from its audit reports for 1999 to 2015. NEITI made the clarification in a statement signed by its Director of Communications and Advocacy, Dr…
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Reps to investigate NDPC over alleged $1.5bn national revenue loss
The House of Representatives has resolved to investigate alleged infractions in the operations of the Nigerian Petroleum Development Company (NPDC) and the loss of 1.5 billion dollars national revenue. This was sequel to a unanimous adoption of a motion by Rep. Ahmed Abu (Niger-APC) at plenary on Wednesday. Earlier, Abu had said that NPDC, a…
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Oil: how Buhari’s men cause trouble for Nigeria
Mrs Edith Douglas The recent comprehensive disclosure in the media of how a new tension is mounting in the Niger Delta over President Muhammadu Buhari’s revocation of three oil blocks based on misleading advice from the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, is the latest example of how…
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Fuel scarcity looms as NUPENG declares 3-day nationwide strike
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has declared a nationwide strike beginning from today. The strike which will affect the flow of petrol to filling stations, has shut down seven crude flow stations in the Niger Delta, a union official said on Wednesday. The strike is in protest over pay and…
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Senate probes alleged $4bn non-remittance by NNPC, NPDC
The Senate says it is set to investigate alleged unlawful misappropriation of 4 billion dollars by the Nigerian National Petroleum Corporation(NNPC) and Nigerian Petroleum Development Company Ltd(NPDC), since 2013. This followed a motion moved by the Chairman, Senate Committee on Federal Capital Territory (FCT), Sen. Dino Melaye at plenary on Tuesday. Melaye alleged that the…