Oil & Gas
IOC’s Divestment: We Facilitate, Not Hinder Process – NNPC Ltd
The Nigerian National Petroleum Company Limited (NNPC Ltd), as the largest partner to all the oil producing companies in Nigeria, has assured that its role in the divestment of the International Oil Companies from onshore and shallow water assets in the country is that of a facilitator, and not an…
Read More »No Increase in PMS Prices, NNPC Ltd. Assures Nigerians
The Nigerian National Petroleum Company (NNPC) Ltd. assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. NNPC Ltd, in a statement by Mr Olufemi Soneye, Chief Corporate Communications Officer, urges Nigerians to disregard unfounded rumours and assures them…
Read More »NNPC Ltd Woos South Korean Investors for Gas Projects
The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The Group Chief Executive Officer of NNPC Ltd, Mr Mele Kyari, led the company’s team to the discussions which held…
Read More »NNPC Ltd grows profit by 271% to N2.5trn in 2022
The Nigerian National Petroleum Company (NNPC) Ltd has reported a profit of N2.548 trillion in 2022, a 271% growth from N674.1 billion in 2021. The national oil company in its 2022 Financial Performance Report posted online described the profit as the highest since its inception in 1977. The financial report…
Read More »NNPC sees 1.785mbpd projected oil production for 2024 budget, $77.96 price benchmark as realistic
By Folarin Emmanuel The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realizable. The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari, gave the assurance during an interactive…
Read More »Africa should reposition energy industry for the future – Roger Brown
Africa should reposition the energy industry for the future and become much more efficient with its energy resources, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown has said. He urged African countries to accept the fact that energy has a key role to play in the future of…
Read More »Kyari Calls for Adaptation to Changing Energy Landscape
The GCEO, NNPC Ltd, Mele Kyari has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape. Kyari gave this charge on Tuesday while delivering an Industry address at the opening ceremony of the 41st Nigerian Association of Petroleum…
Read More »NNPC/Aiteo Joint Venture Launches Nembe Crude Oil Grade
The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The Chief Corporate Communications Officer, NNPC Ltd, Mr Olufemi Soneye disposed this on Wednesday, said the announcement of the Nembe Crude Oil Blend, produced by…
Read More »NNPC, working with NEITI, Other stakeholders to reconcile NEITI’s 2021
The Nigerian National Petroleum Company Limited (NNPC Ltd.) will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by President Bola Ahmed Tinubu to investigate, review and reconcile the financial records on alleged indebtedness to the Federation by…
Read More »Nigerian firm, Holab Maritime Services named as owner of vessel with 800,000 litres stolen crude oil intercepted by NNPC
Nigerian National Petroleum Company Ltd. (NNPC Ltd) has confirmed that a Nigerian company, Holab Maritime Services Limited owned the vessel that was conveying 800,000 litres of suspected stolen crude oil which was intercepted by a private security contractor that it engaged. NNPC Ltd said the vessel MT TURA II, IMO…
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