...Calls for Collaboration to Reduce Production Cost

In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.

Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari,...

Nigerian Pipelines and Storage Company Limited (NPSC), a downstream subsidiary of the NNPC Ltd. has in Abuja , signed an agreement with WAGL Energy Limited for the provision of Operation and Maintenance (O and M) Services to the Escravos Crude Oil Terminal Facility.

Nigeria has...

In its continued efforts to increase crude oil production, The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) hosted an industry-wide collaborative workshop with IOCs and key industry players. The two-day workshop commenced with a discussion on improving heavy crude oil development in Nigeria.In his opening...

A newly built 650, 000 barrels per day Dangote Refinery has today experienced fire outbreak. The refinery which is situated at Lekki in Lagos State has of recent battling with issue of crude oil feedstock supply from multinational companies in Nigeria and currently replies...

The Nigerian Electricity Regulatory Commission (NERC) hosted its second Nigerian Electricity Supply Industry (NESI) stakeholders meeting of 2024 at the Commission’s Headquarters on Monday 24th June, 2024. Key topics included the STS-2 Migration by the Distribution Companies (DisCos), an update on the establishment of...

…As FG Expresses Satisfaction with Project’s Progress

In yet another major step towards boosting nationwide gas supply to drive industrialization and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd.) is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project.

Group Chief Executive Officer of...

The Federal Government has highlighted the huge multiplier impact of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project on the nation's economic growth and industrialisation. This was made known during the visit of three cabinet Ministers to the AKK Gas Pipeline Project Site, where they inspected...

…As Kyari Lauds FG’s Presidential Executive Order for Fostering Growth in Nigeria’s Oil, Gas Sector

In a major step towards boosting Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has officially announced a 550 million USD Final Investment Decision (FID) on the Ubeta Field...

...Rallies Judiciary’s Support

In order for the oil and gas industry to achieve its full potential as an enabler of national economic and industrial growth, the Group Chief Executive Officer of the NNPC Limited, Mr. Mele Kyari, has called for the support of the...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) hosted a significant pre-bid conference in Lagos for the 2024 oil and gas licensing round. The event brought together industry stakeholders, potential investors, and regulatory bodies to discuss and deliberate on the opportunities and regulatory framework governing...

In furtherance of its commitment to monetize Nigeria's vast natural gas resources, the NNPC Limited has executed a Project Development Agreement (PDA) on 400-500mmscf Gas Deal with Golar LNG for the deployment of a Floating Liquefied Natural Gas (LNG) offshore Niger Delta, Nigeria.

The...

Nigeria will likely spend 5.4 trillion naira ($3.7 billion) in 2024 – 50% more than in 2023 – to keep petrol prices fixed, while borrowing an extra 6.6 trillion naira to plug gaps in its budget, a draft document sighted by Reuters has disclosed.The...

African Export-Import Bank (Afreximbank) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC) Limited. This brings the total current funded facility size to US$ 3.175 billion.Arranged and coordinated...

The Minister of State for Petroleum (Gas) Honourable Ekperikpe Ekpo has lauded the indefatigable and resilient efforts of the Nigerian Association of Liquefied Petroleum Gas Marketers in ensuring the availability of the product to the teeming Nigerian populace at an affordable cost.

Hon. Ekpo expressed...

...Targets 5% Increase in Market Share through EPC Projects

The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has announced a 137 percent increase in operating profits for the year 2023.

This was disclosed by the...