The National Assembly has thrown its weight behind Nigeria National Petroleum Company (NNPC) Limited’s ongoing efforts to boost Nigeria’s crude oil production and grow its reserves. The efforts comprised stiffer consequences for crude oil thieves and vandals of the nation’s critical hydrocarbon infrastructure. This is contained in a...
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The Chief of Defence Staff, Gen. Christopher Musa, and other security and intelligence chiefs say they have devised strategies to combat crude oil theft and pipeline vandalism in the Niger Delta. Musa disclosed this on Tuesday in Abuja at a press briefing shortly after a closed door meeting...
Africa’s richest man Aliko Dangote has said the Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki Free Trade Zone. Dangote, who made...
By MBAFAN ADE, Abuja – 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 NNPC Ltd, Mr. Mele Kyari,...
By JOY ADARA, Abuja – 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...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has executed a Project Development Agreement (PDA) with Golar LNG for the deployment of a Floating Liquefied Natural Gas (LNG) offshore Niger Delta, Nigeria. Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd. in a statement on Tuesday said the agreement was...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Thursday announced the signing of a settlement agreement facilitating the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc. This is coming two years after the divestment plan was announced. The NNPC Ltd., in...
The Senate has urged the Ministry of Aviation to handover the abandoned Shell Airstrip in Oloibiri, Bayelsa to the Nigerian Air Force for conversion into its base. his followed adoption of a motion at plenary on Thursday on urgent need for transformation of the abandoned Shell Airstrip at...
The Nigerian National Petroleum Company Ltd., (NNPC Ltd) has assured that the fire incident in a depot in Lagos will, in no way, affect petroleum products supply and distribution across the country. Chief Corporate Communications Officer, NNPC Ltd., Mr Olufemi Soneye, said this in a statement on Friday...
The Nigerian National Petroleum Company Limited (NNPC Ltd), has said the country’s gas sector is now well positioned to help businesses in the country generate more revenue. The Group Chief Executive Officer, NNPCL, Mele Kyari said this when he spoke with newsmen on Wednesday in Owerri. He spoke...
The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd.) and Natural Oilfield Services Ltd. (NOSL) have announced the successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State. The NNPC E&P Ltd. is an NNPC Ltd’s flagship upstream subsidiary,...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration & Production Limited (First E&P) Joint venture (JV) have donated N53 million to some NGOs in Nigeria. The NNPC Ltd. said the donation was part of its Corporate Social Responsibility (CSR) initiatives. Mr Bala Wunti, Chief Upstream...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company Ltd (NNPC Ltd) has said it would continue to invest in the development of huge oil and gas infrastructure to make it easy for operators and prospective investors to carry out their business in Nigeria. The Executive Vice...
By MBAFAN ADE, Abuja – As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product. This is contained in a statement...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) Depot Chairmen Forum, has exonerated its members from the current fuel scarcity in the country. According to IPMAN, the fuel scarcity is caused by its inability to source petroleum products. The IPMAN Depot Chairmen Forum also threatened to withdraw its...
The Nigerian National Petroleum Company Ltd. has assured Nigerians that the ongoing fuel scarcity and queues will be cleared out Wednesday, May 1. Chief Communications Officer, NNPCL, Mr Olufemi Soneye, told the News Agency of Nigeria (NAN) on Tuesday in Lagos. According to Soneye, the company currently has...
By EZEKIEL OBI, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.” The suit followed...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said the issues that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. The NNPC Ltd. said that the issues were as a result of logistics problems....
Motorists in the Federal Capital Territory (FCT), have expressed worry over the long queues being presently experienced due to scarcity of Premium Motor Spirit (PMS) known as fuel. The News Agency of Nigeria (NAN), correspondent, who went round the town on Wednesday reports that long queues were seen...
By MBAFAN ADE, Abuja – Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, have restarted...