Oil & Gas

In a move to fast-track Nigeria’s industrialization, the National Economic Council (NEC), has urged state governments to patronize technological innovations developed by the National Agency for Science and Engineering Infrastructure (NASENI). The Vice President Kashim Shettima stated this during the 146th NEC meeting which he chaired at the Presidential Villa, Abuja…

Chelsea captain Reece James has suffered another injury setback and could face more time on the sidelines. The 24-year-old-right-back only returned to action in October after missing the start of the season. But boss Enzo Maresca revealed James will miss Saturday’s trip to Leicester after feeling something in his hamstring.…

…OML 13 asset eyes 80,000bpd by end of 2025 In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. It would be recalled…

As part of its efforts to accelerate the adoption of Compressed Natural Gas (CNG) as a cleaner and more affordable fuel alternative in Nigeria, NNPC Retail Limited (NRL), a subsidiary of the NNPC Ltd, has sensitized over 1,000 auto mechanics through a comprehensive awareness initiative. The sensitization exercise which took…

The NNPC Ltd has reiterated its commitment to work with host communities in the Niger Delta region towards lasting peace and economic prosperity. Group Chief Executive Officer (GCEO) Mallam Mele Kyari, disclosed this during a dialogue session with the Niger Delta communities held in partnership with the Office of the…

The NNPC Ltd, through its Corporate Social Responsibility (CSR) arm, NNPC Foundation, has donated relief items to the recent flood victims in Borno State. During a condolence visit paid to the Borno State Government on Tuesday, the Group Chief Executive Officer, Mr. Mele Kyari, represented by the Executive Vice President,…

The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State…

Dangote Refinery will sell petrol NNPCL, NNPCL will then sell to various marketers   Concisedaily Newsonline– All is set for Dangote Refinery to begin the distribution of Premium Motor Spirit (PMS) on Sunday, according to the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun. Edun, who…

By Olufemi Soneye In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), for everything. Last week, it was Prof. Pat Utomi who…

In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its JV assets into the PIA terms. Under…