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Nigeria: Hope Rises for Oil Production As NNPC Winds Up Repair...

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Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, at the weekend announced that the Nigerian National Petroleum Company...

Declining Oil Output: NNPC Pleads For Credit With Local Suppliers

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Nigeria’s dwindling crude oil output has forced the Nigeria National Petroleum Company to defer payments to some local oil marketers by at least...

Nigeria’s $25bn Offshore Gas Line to Europe May Get Investment Nod...

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Nigeria, Morocco, and other partners are expected to make a final investment decision next year on the proposed, world’s longest offshore gas pipeline from...

N4.5bn Oil Pipeline Security: 1,500mt Ship Loaded With Crude Oil Arrested...

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The N4.5billion monthly, oil pipeline surveillance contract recently awarded to leader of the Movement for the Emancipation of Niger-Delta (MEND), Mr. Government Ekpemupolo aka...

NNPC Pushes For Capital Punishment For Oil Thieves

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The Nigerian National Petroleum Company (NNPC) Ltd has made a public presentation for oil thieves and pipeline vandals to be treated as persons who...

Fuel Queues; NNPC Blames Kogi Floods, Caution Against Panic Buy.

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The Nigerian National Petroleum Company Limited has called members of the public, especially those in the Federal Capital Territory and the environs, not...

NNPC Saved N696m In Renegotiated 4 OMLs Asset Values – NEITI

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The Nigeria Extractive Industries Transparency Initiative (NEITI) has informed that the value of the assets of four Oil Mining Leases earlier valued at...

New NNPC Grows Profit After Tax By 134.84%

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……..PAT stands at N674bn In 2021 The Nigerian National Petroleum Company Limited Ltd) has recorded a profit growth of 134.84%, declaring a whopping profit...

NNPC Acquires OVH Energy Marketing Downstream Assets

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……..takes over 380 retail outlets of Oando Nigerian National Petroleum Company Limited has completed the acquisition of OVH Energy Marketing Limited (OVHEM) downstream assets...

Nigeria’s Petrol Subsidies Hit Past $1bn In August 2023

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………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...

NNPC Boss Recounts Benefits of Morocco Gas Pipeline Project

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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...

Nigeria Will Become Petroleum Net Exporter Before 2023 End — NNPC...

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Nigeria has pledged to return to a petroleum exporting country before end of 2023. Group chief executive officer of the Nigerian National Petroleum Company...

Oil Theft: NNPC Proposes Collaboration with NUPENG, NARTO, Others

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The Nigerian National Petroleum Company Ltd, is seeking partnership with the National Association of Petroleum and Engineering Gas Workers (NUPENG), the National Association of...
DPR Set to Launch Automated Downstream Remote Monitoring Systems

DPR to enable NNPC deliver value to Nigeria – Auwalu

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The  Director /Chief Executive Officer, Department of Petroleum Resources  (DPR) Mr  Sarki  Auwalu says the department, as a business enabler, would support the Nigerian...
NNPC Sells $120.49m Worth of Crude Oil, Gas in September

NNPC’s profitability will boost investor confidence, says industry expert

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An oil and gas expert, Mr Wilson Opuwei, says the recent declaration of profit after tax of N287 billion for the year 2020 by...
Mele Kyari Mourns Pioneer NNPC MD, Festus Marinho

Mele Kyari Mourns Pioneer NNPC MD, Festus Marinho

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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...
FG Takes Cooking Gas Expansion Programme to Rural Dwellers – Kyari

FG Takes Cooking Gas Expansion Programme to Rural Dwellers – Kyari

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The Federal Government has set up plans to expand access to Liquefied Petroleum Gas (LPG), also known as cooking gas to rural dwellers, the...
No Oil Spill from Our Funiwa Field – Chevron Says

No Oil Spill from Our Funiwa Field – Chevron

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Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL has refute media reports suggesting that...
Shell Nigeria Gas Seals 20-Year Gas Distribution Deal

Shell Nigeria Gas Seals 20-Year Gas Distribution Deal

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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...
Nigeria Restates Commitment to OPEC+ Agreement on Oil Production

Nigeria Restates Commitment to OPEC+ Agreement on Oil Production

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The Nigerian National Petroleum Corporation (NNPC), on Wednesday, said it will continue to abide by the output cut agreement of the Organisation of the...