NNPC

……..takes over 380 retail outlets of Oando Nigerian National Petroleum Company Limited has completed the acquisition of OVH Energy Marketing Limited (OVHEM) downstream assets under an Accelerated Network Expansion (ANEX) Initiative. …

………Total Subsidy Spent This Year Stands At N2.568trn The Nigerian National Petroleum Company has informed that cost of Nigeria's fuel subsidies rose to N525.714bn in August 2023.The figure brings the total spent this year alone to…

The Nigeria-Morocco Gas Pipeline Project is an initiative of the Federal Government of Nigeria and the Kingdom of Morocco. The group chief executive officer of the Nigerian National Petroleum Company Ltd, Mele Kyari, has explained that…

Nigeria has pledged to return to a petroleum exporting country before end of 2023. Group chief executive officer of the Nigerian National Petroleum Company Limited, Mele Kyari, said the country would at the time also stop importing…

The Nigerian National Petroleum Company Ltd, is seeking partnership with the National Association of Petroleum and Engineering Gas Workers (NUPENG), the National Association of Road Transport Owners and other stakeholders in the oil and…

The Director /Chief Executive Officer, Department of Petroleum Resources (DPR) Mr Sarki Auwalu says the department, as a business enabler, would support the Nigerian National Petroleum Corporation (NNPC) to deliver…

An oil and gas expert, Mr Wilson Opuwei, says the recent declaration of profit after tax of N287 billion for the year 2020 by the Nigerian National Petroleum Corporation (NNPC) will boost investor confidence in the oil and gas sector. …

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari has has mourned the death of the pioneer Managing Director of the Corporation, Festus Remi Ayodele Marinho. In a statement on Tuesday, the…

The Federal Government has set up plans to expand access to Liquefied Petroleum Gas (LPG), also known as cooking gas to rural dwellers, the Group Managing Director, Nigerian National Petroleum Corporation, Mr Mele Kyari has said. Kyari…

Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL has refute media reports suggesting that an oil leakage came from its Funiwa field in Bayelsa State. The…

The Shell Nigeria Gas, SNG, has signed a 20-year agreement for the domestic distribution of gas to industrial customers and manufacturing plants in Lagos and Ogun States. In the new deal with the Nigerian Gas Marketing Corporation,…

The Nigerian National Petroleum Corporation (NNPC), on Wednesday, said it will continue to abide by the output cut agreement of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilising the global oil…

The Nigerian National Petroleum Corporation (NNPC) says it is currently diversifying its portfolio beyond oil assets due to the impact of global energy transition. Mele Kyari, Group Managing Director, NNPC made this known on Wednesday…

About 400 participants that applied in the Nigerian National Petroleum Corporation (NNPC) Experienced Hire recruitment exercise in 2019 have petitioned President Muhammadu Buhari, to prevail on the Group Managing Director of the NNPC,…

The Nigerian National Petroleum Corporation on Tuesday said it was currently focusing on third party financing of oil and gas development projects. The Group Managing Director of NNPC, Mele Kyari made this known while playing host to…

Shell Petroleum Development Company (SPDC), on Monday disclosed that gas produced from its facility and sold domestically is now paid for in Naira, as against what obtained in the past, where gas buyers paid in dollars. The Managing…

Industrial customers and other entities receiving gas through the pipeline that was ruptured in Magboro, Ogun State, on Wednesday have seen supply cut off following the isolation of the affected section of the line. One of our…

The amount spent on the importation of petroleum products into Nigeria rose to N700.46bn in the third quarter of this year, moving closer to the pre-COVID-19 level, the latest data from the National Bureau of Statistics have shown. The…

An investigation has pointed to a suspicion that some Shell employees suspected to have hand in oil spillage in Nigeria would be beneficiaries from clean-up operation it begets. Reuters yesterday quoted a Dutch investigative TV…

The Nigerian National Petroleum Corporation, NNPC, has launched a tender process for fuel supplies in the country. It stated that this falls under the NNPC’s direct sale-direct purchase (DSDP) mechanism. Under this system, NNPC will…