NNPC SET TO UNVIEL COVID-19 CONTACT TRACING APP

The Nigerian National Petroleum Corporation is set to unveil Covid-19 contact tracing App as it deploys Online Petroleum Products Procurement Solutions. In line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present Leadership of the Nigerian National Petroleum Corporation (NNPC), and the commitment to continually deploy Information and Communications Technology (ICT) for…

SENATE QUERIES NNPC OVER HIGH COST OF PRODUCTION

Sanni Onogu, Abuja (Nation Newspaper) Members of the Senate Committee on Finance on Monday queried the Nigerian National Petroleum Corporation (NNPC) over what they described as “very high cost of oil production in Nigeria”. The Senators made this known while hosting the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed and other heads…

CRUDE OIL UPDATE AS AT 02/06/2020

Oil prices rose on with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week. Prices found support after news that the Organization of the Petroleum Exporting Countries and Russia, known as OPEC+, were moving closer to a compromise…

UPDATE ON CRUDE OIL PRICES AS AT 01/06/2020

Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production. Both benchmarks saw steep monthly rises due to falling global production and expectations for demand growth as parts of the United States, including New York…

DPR OPENS MARGINAL FIELDS BID ROUND 2020

The Department of Petroleum Resources (DPR) has commenced the 2020 Marginal Field Bid Round exercise. In a statement signed by Management of the organization, the Bid Round exercise is opened to indigenous companies and investors interested in participating in Exploration and Production (E&P) business in Nigeria. According to the statement, a total of fifty-seven (57)…

SYLVA CONGRATULATES NEW NNPC BOARD MEMBERS

The Honourable Minister of State for Petroleum and Alternate Chairman of the NNPC Board, H.E. Timipre Sylva has extended good wishes and hearty congratulations to the members of the reconstituted Board of the Nigerian National Petroleum Corporation (NNPC). In a press release issued in Abuja, Mr. Sylva also praised President Muhammadu Buhari for the quality…