Oil & Gas
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…
Read More »Nigeria plans to surpass 1.74bpd OPEC’s quota -NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that its focus is to exceed the Organisations of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd). The Chief Executive, Mr Gbenga Komolafe, made the assertions shortly after he received an Award of Excellence from…
Read More »Shareholders laud Seplat Energy’s $204.4m 2022FY profit, 15 cents per share dividend
Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE) has held its 10th Annual General Meeting (AGM) virtually with shareholders, regulators, company directors, and the media, amongst other stakeholders joining virtually. In his address to shareholders…
Read More »Oil exploration in Nasarawa: Buhari challenges NNPCL, partners on environmental consequences
President Muhammadu Buhari on Tuesday inaugurated the first oil drilling of the Ebenyi-A Exploration Well located in the Middle Benue Trough in Obi Local Government Area of Nasarawa State. Buhari in his virtual spud-in ceremony of the Well, admonished the Nigerian National Petroleum Company Ltd. (NNPCL) and its partners to…
Read More »NNPC Ltd. to begin drilling in Nasarawa State, March 21
The Nigeria National Petroleum Company Limited (NNPC Ltd), will begin drilling of the first oil well in Obi/Keana Nasarawa State on March 21. Malam Mele Kyari, Group Chief Executive Officer of NNPC Ltd., made the disclosure when he led Management of the Company on a courtesy visit to His Excellency,…
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