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Dangote Petroleum Refinery has confirmed that it has temporarily halted the sale of petroleum products in Naira. According to a note by the Management to customers on Wednesday, the company said “This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has refuted reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State. The company in a statement by Olufemi O. Soneye, Chief Corporate Communications Officer clarified that what occurred was a flare incident, which had since been fully…

The Group Chief Executive Officer of NNPC Ltd, Mele Kyari has said that the world recognizes Africa as the next destination of providing greater support to the global energy market, recognizing Nigeria’s position as the largest producer of oil and gas in the continent. Kyari disclosed this while delivering an…

Partnership To Boost Nigeria, Africa’s Energy, Maritime Sectors Concisedailynews – The Nigerian National Petroleum Company (NNPC) Shipping, Stena Bulk, and Caverton Marine Limited have today announced the signing of a new joint venture that will transform Nigerian maritime transportation. The agreement, signed in London last week, aims to create a…

Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has clinched the ‘Deal of the Year’ Award at the recently held New Telegraph Newspaper Awards. Seplat Energy completed the deal on the acquisition of Mobil Producing Nigeria Unlimited –…

The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has flayed talks about the existence of sub-standard fuel in the country, describing it as unfortunate drama and bad marketing practice. Kyari, who was speaking while fielding questions at a fireside chat during the 60th Nigeria Mining & Geosciences…

Governor Ademola Adeleke of Osun State has raised alarm over credible reports of a sinister plot by elements within the opposition parties to launch vicious attacks on local governments secretariats across the state including orchestrated onslaught on leaders of the Peoples Democratic Party (PDP) and top government officials. In a…

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the Federal Government for placing a ban on the exportation of crude oil allocated to local refineries and urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to take swift action against refineries, cargo vessels and companies that would…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has attributed the fire at its Buguma Wellhead 008, managed by its subsidiary NNPC Eighteen Operating Ltd (NEOL), to the actions of pipeline vandals attempting to tamper with the Christmas Tree and steal crude oil. Mr. Olufemi Soneye, Chief Corporate Communications Officer…

The Defence Headquarters (DHQ), has attributed the recent resurgence of terrorist attacks in North East and North West to alleged influx of foreign fighters providing reinforcement to local terror groups. The Director, Defence Media Operation, Maj-Gen.Edward Buba  while briefing newsmen on the operations of the armed forces on Thursday in…