According to available information, the explosion occurred while carrying out production evacuation at Gbetiokun Early Production facility.
Browsing: Nigerian Petroleum Development Company
Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the corporation, in a release in Abuja explained that details of the figures captured in the July 2020 NNPC Monthly Financial and Operations Report indicated that the 858 per cent overall upswell in performance was largely due to the 178 per cent rise in the surplus posted by the Nigerian Petroleum Development Company, NNPC’s flagship Upstream entity.
UBA is providing $200 million (Naira equivalent) to support investment growth and liquidity requirements.
The NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, confirmed the development in a statement on Wednesday
The NNPC disclosed this in its 2018 Audited Financial Statements released in Abuja.
Baru said this in a statement issued in Abuja on Thursday by the NNPC Spokesman, Ndu Ughamadu.
This target was announced in Abuja on Thursday by the NNPC Group Managing Director, Dr. Maikanti Baru, in a statement by Ndu Ughamadu, the corporation’s spokesman
Those already on trial over the alleged fraud are an oil mogul and ally to the ex-Minister, Jide Omokore; former Managing Director of the Nigerian Petroleum Development Company, Victor Briggs; former Group Executive Director, Exploration and Production of the Nigerian National Petroleum Corporation, Abiye Membere; former Manager, Planning and Commercial of the NNPC, David Mbanefo
This was sequel to a unanimous adoption of a motion by Ahmed Abu at plenary on Wednesday.
Earlier
“The current gas flare penalty of N10 per 1,000scf is too low, and not in line with current economic realities and encourages continuous gas flaring by operators with its attendant negative effect on our environment instead of encouraging investment in infrastructure by the operators to make gas available for our domestic use.”
Efforts are still on by the Navy to lock the oil well head
Omokore is facing trial over $1.6 billion fraud alongside Victor Briggs, Abiye Membere, David Mbanefo, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited
NNPC, in a statement in Abuja on Sunday by Ndu Ughamadu, the Group General Manager, Group Public Affairs Division, said the shortfall affected both NPDC and Joint Venture partners
Similarly, a top official of Egbin Power Station, who also pleaded anonymity, said the power plant, with a capacity of 1,320 megawatts, now generates 340 megawatts due to gas constraint
A statement signed by the Coordinator, Joint Media Campaign Centre, Lieutenant Colonel Olaolu Daudu, and issued to newsmen on Wednesday in Warri, said what happened was a mere fire outbreak caused by bush burning and not pipeline explosion
In a statement signed by Ndu Ughamadu, the Group General Manager, Group Public Affairs Division of the NNPC, Baru said that the exploration and production subsidiary of the corporation lost the amount due to attacks on its facilities from January till date
Obaseki made the disclosure while hosting the Senate Committee on Petroleum Resources (Up Stream), when the committee members paid him a courtesy visit on Friday in Benin
NNPC’s subsidiaries expected to submit their audited accounts are the Nigerian Petroleum Development Company, the Nigerian Petroleum Investment and Management Service and the Nigeria Liquefied Natural Gas among others
The highlights of the report, released by the Auditor-General of the Federation, Samuel Ukura, on Thursday in Abuja, showed that the total gross revenue generated from crude oil liftings was $69.34 billion and not $67 billion as bandied in some quarters, including the Senate Reconciliation Committee, for the period from January 2012 to July 2013
The mother of one was said to have been spotted at a cosy lounge on Lagos Island, Lagos State, giving herself a special treat, with a cool bottle of champagne