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Buhari Unveils New NNPC, Says It’ll Guarantee National Energy Security

President Muhammadu Buhari has unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), with a promise that the company will, by law, ensure that Nigeria’s National Energy Security...

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Minister Declares Oil Theft A National Emergency, Says 400,000 Barrels Of...

Minister of State for Petroleum Resources, Timipre Sylva, has declared oil theft in the country a national emergency, with about 400,000 barrels of crude stolen daily. The minister explained that the...

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Shortage Of Gas Frustrating Power Supply In Nigeria, Minister Laments

Minister of Power, Abubakar Aliyu, has lamented that shortage of gas shortage has been frustrating government’s effort in the power sector. He explained that the inability to accomplish the 5,000...

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Nigeria Will Stop Fuel Importation Next Year – NNPC Boss

The Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company (NNPC) Limited, Mele Kolo Kyari has given assurance that importation of petroleum products will be a thing of the past...

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Federal Govt Moves To Develop Gas Sector, Inaugurates Governing Council

The Federal Government has moved to fix the critical missing link in its effort to develop the country’s gas sector by inaugurating Governing Council of the Midstream & Downstream Gas...

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NNPC Confirms Losing Crude Oil Worth $700 Million To Thieves Monthly

Nigerian National Petroleum Company Limited (NNPCL) has confirmed that it has been losing 470,000 bpd amounting to $700 million monthly to crude oil thieves, in addition to security challenges,...

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NNPC Heads For Partnership With Morocco On 7,000 Kilometre Gas Pipeline Project

Nigeria National Petroleum Company (NNPC) Limited has taken the bull by the horns by going full length into partnership with the Office National des Hydrocarbures et des Mines (ONHYM) of Morocco and...

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Mele Kyari Lists Benefits Of Nigeria-Morocco Gas Pipeline Project; Signs MOU

The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL), Malam Mele Kyari, has listed the benefits of the Nigeria-Morocco Gas Pipeline Project. Mele Kyari said that...

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We’re Largest Downstream Company In Africa, Kyari Says As NNPC Acquires...

Group Chief Executive of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, is hoping to turn the company into the largest in Africa, with the acquisition of Oando’s OVH Energy...

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Dangote’s Refinery, Out To Stop Nation’s Fuel Importation, Now 97 Percent...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has confirmed that the Dangote Petroleum Refinery, upon which the hope of the nation rests for fuel sufficiency is now 97...

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OPEC Took Unanimous Decision To Cut 2 Million Barrels Of Crude Oil To...

Minister of State for Petroleum Resources, Chief Timipre Sylva has said that the Organization of Petroleum Exporting Countries (OPEC) has taken an unanimous decision to cut two million barrels of crude...

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Kogi Confirmed As Oil Producing State, Receives First Derivation Allocation

Kogi State has been formally joined oil producing area of the Nigeria with the state Governor, Alhaji Yahaya Bello confirming receipt of the first derivation allocation. The Governor broke the news...

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Price Of Kerosene Per Litre Hits The Roof, Goes For N947

The price of  Dual Purpose Kerosene,  DPK, also commonly known as Kerosene, is gradually getting out of the reach of the average Nigerian as it was sold at N947.30 per litre in September. This is just...

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NNPC Signs MOU With South Korea’s Daewoo To Rehabilitate Kaduna Refinery

The Nigerian National Petroleum Company (NNPC) Ltd has singed Memorandum of Understanding (MoU) with Daewoo Group of South Korea for the rehabilitation of the Kaduna refinery. The signing was done in...

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Multi-Billion Dollar Nigeria’s First Floating LNG Facility Begins, MoU Signed...

The Front End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility is set to commence. An indigenous firm, UTM Offshore Limited, yesterday, November 26, in the...

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World Bank Angry With Use Of Oil Subsidies In Nigeria To Benefit Wealthy...

The World Bank has expressed dissatisfaction with a situation where large shares of Nigeria’s resources have financed inefficient and regressive subsidies which benefit primarily wealthy households in...

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Buhari, In Bauchi, Flags-Off Kolmani Integrated Development Project For Oil...

“The successful discovery of the Kolmani Oil and Gas field by NNPC and her partners has finally broken the jinx by the confirmation of huge commercial deposits of hydrocarbons in Kolmani River field....

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No Plan To Increase Fuel Price, Federal Government Assures Nigerians

The Authority of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has announced that the Federal Government has no intention of increasing the price of Premium Motor Spirit...

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NNPC Strikes $1.4 Billion Financing Deal With Chevron For Kolmani Field Project

The Nigerian National Petroleum Company Limited (NNPCL) has struck a $1.4 billion external project finance agreement with Chevron Nigeria limited for the Kolmani oil field site, the first oil drilling...

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Buhari Approves Disbursement Of Cabotage Vessel Financing Fund

President Muhammadu Buhari has approved the immediate disbursement of the Cabotage Vessel Financing Fund (CVFF), to qualified Nigerians as part of the Federal Government’s commitment to grow indigenous...

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