Coronavirus: 50 Nigeria oil cargoes stranded as global oil price plunge deeper
The Nigerian National Petroleum Corporation (NNPC) yesterday raised the alarm about the looming crisis as a result of low oil prices and asked Nigerians to […]
NNPC
NNPC disengages 400 staff nationwide, appoints new spokesperson
The Nigerian National Petroleum Corporation, NNPC, has disengaged over 400 senior staff nationwide, with effect from today, Thursday, March 12, 2020. According to sources in […]
Nigeria loses N217bn annually to gas flaring…to end in 2021
The Senate on Thursday considered a bill which proposes stiffer sanctions for any person or corporate entity involved in gas flaring in Nigeria from January […]
Ogoni cleanup: NNPC, IOCs release $360 million for project
Nigerian National Petroleum Corporation (NNPC) and its joint venture (JV) partners – Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG) and […]
Nigeria records 45,347 pipeline breaks in 18 yrs – NNPC
The Nigerian National Petroleum Corporation (NNPC) has revealed that the numbers of pipeline breaks in the last 18 years are 45, 347. The Group Managing […]
NNPC Declares N13.23bn Surplus for October
The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of N13.23billion in October 2019. This represented an increase of 54 per cent compared to […]
Breaking: NLNG strikes fresh deal on FID for Train 7 Project
Nigeria LNG Limited (NLNG) on Friday in Abuja took the Final Investment Decision (FID) for its Train 7 Project, signalling the commencement of construction of […]
Refineries record N111bn loss in 11 months – NNPC
The Nigerian National Petroleum Corporation (NNPC) has revealed that its three refineries posted losses, amounting to N111.27 billion between January and September this year. Details […]
NNPC, FIRS, DPR failed to remit N1.5trn in 2017 – Auditor General
According to an audit report from the office of the Auditor General of the federation on Wednesday, three major revenue-generating agencies, including the Nigerian National […]
FG to finalise investment plan on NLNG Train 7 next month
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Kyari, on Thursday disclosed that the Final Investment Decision (FID) for the Nigerian […]
NASS to probe $396m expenditure on refineries’ maintenance
The lower house of the National Assembly, the House of Representatives, has ordered investigation into how $396.33 million was allegedly spent between 2013 and 2017 […]
NNPC to conduct bidding rounds in ultra-deep waters next year
Nigerian National Petroleum Corporation, NNPC, said it will open bidding rounds in oil fields within the ultra-deep waters by 2020. This came even as Total […]
NNPC saves over $3bn from arbitration-Kyari
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the corporation saved more than three billion dollars from arbitrations. Kyari made […]
Saudi energy company partners NNPC to revive refineries
President Muhammadu Buhari Wednesday in Riyadh welcomed the commitment of Saudi energy company, Aramco, and Public Investment Fund (PIF) to explore areas of collaboration for […]
NNPC signs MoU with Russian oil company Lukeoil
Nigeria and Russia on Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, Nigerian National Petroleum […]