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Society of Petroleum Engineers (SPE)

NNPC to increase crude oil reserves to 40bn barrels in 6 years

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Michael Ajayi The Nigerian National Petroleum Corporation (NNPC) has revealed that it would increase Nigeria’s crude oil reserves to 40 billion barrels by the year 2025. The Group Managing Director of NNPC, Mele Kolo Kyari, disclosed this at the opening of 2019 annual conference and exhibition organised by the Society of Petroleum Engineers (SPE) in […]

NNPC Chief Wants FG To Remove Fuel Subsidy

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  The Nigerian National Petroleum Corporation (NNPC) has called on the Federal Government to scrap the Petroleum Support Fund (PSF), otherwise known as Petroleum Subsidy, because government should not guarantee the price of crude oil that it does not control. In his presentation during the 2015 Oloibiri Lecture and Energy Forum of the Society of […]