In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd. and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of…
NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPC Ltd’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO) have announced the commencement of oil production at Oil…
After many years of persistent attacks on Trans Niger Pipeline (TNP) which transports an average of 180,000 barrels per day to Bonny Export Terminal, Belemaoil Producing Limited, operator of the NNPC/BPL OML 55, Joint Venture has revealed plan to begin…
The Management of Bayelsa Oil Company Limited has said that the loss of its operating license in the last marginal oilfields licensing rounds was due to betrayal by its former partners. Recall that the Department of Petroleum Resources (DPR) on…
