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Nigeria’s gas revolution will lift West Africa’s energy

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Oil and Gas

Tag: NNPC

featured

NNPC admits debts to suppliers amid escalating petrol scarcity

The Nigerian National Petroleum Company Limited has confirmed that it owes suppliers of premium motor spirit commonly known as petrol. This was disclosed in a statement by NNPC Chief Corporate Communications Officer, Olufemi Soneye via the company’s official X handle on Sunday. In the statement, the company disclosed that the financial strain from high petrol […]

featured

FG to engage external auditors for NNPC subsidy claim verification 

The Federal Government has initiated the process of hiring an external auditor to verify the N2.7 trillion fuel subsidy claim made by the Nigerian National Petroleum Company Limited. This move, aimed at determining the actual amount owed by the government, follows a proposal made five months ago during the April 2024 Federation Allocation Accounts Committee […]

featured

NNPC seizes 63 illegal refineries in one week

The Nigerian National Petroleum Company Limited has stated that 63 more illegal refineries were discovered and confiscated in the previous week. It was disclosed in a documentary that the fight against oil theft was yielding result, according to The Punch. The NNPC stated that between August 3 and August 9, about 177 incidents were reported […]

News

Axxela, NNPC partner to build Eko Atlantic City gas supply

Axxela Limited in collaboration with the Nigerian National Petroleum Company Gas Marketing Limited has constructed a 5-kilometer natural gas pipeline network in Victoria Island, Lagos which connects Eko Atlantic City to piped natural gas. This was disclosed in a statement by Axxela Limited, stating the unveiling of the pipeline was a significant achievement in Axxela […]

News

NNPC, ExxonMobil resolve dispute over assets divestment

The Nigerian National Petroleum Company Limited and ExxonMobil have made progress in resolving the dispute over the sale of ExxonMobil’s asset to Seplat Energy, potentially leading to Nigeria increasing its daily crude oil output by 480,000 barrels. The NNPCL officially announced on Thursday that it has reached a settlement agreement with ExxonMobil companies operating in […]

Oil and Gas

NNPC launches major CNG plant in Lagos

The Federal Government has launched a Compressed Natural Gas plant with a capacity of 5.2 million standard cubic feet per day (mmscfd) in Lagos, as part of its ongoing efforts to offer alternative fuel sources for Nigerians and mitigate the impact of petrol subsidy removal. The Minister of State for Petroleum Resources (Gas), Rt. Hon. […]

News

NNPCL, partner unlock 12,000bpd production at Awoba Field

The Nigerian National Petroleum Company Limited has partnered with Newcross Exploration and Production Limited to restart production from the Awoba field which aims to optimise production from the nation’s hydrocarbon assets to boost revenues. This was contained in a statement issued by the Chief Corporate Communications Officer, Olufemi Soneye via the firm’s official X handle […]

Oil and Gas

NNPC, firm target 20,000bpd at Bayelsa oil field

The Nigerian National Petroleum Company Limited has announced the commencement of oil production from Madu Field. This was disclosed in a statement signed by the Chief Corporate Communications Officer, Olufemi Soneye on Friday via its X handle. The Nigerian National Petroleum Company Limited and its Joint Venture partner First Exploration and Petroleum Development Company Limited, […]

Oil and Gas

Nigeria can leverage its gas reserves to drive industrial development – Mele Kyari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that gas has a vital role to play in driving economic growth and industrial revolution in Nigeria. This was disclosed in a statement signed by the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye on Wednesday on via NNPCL’s […]

Economy featured

NNPCL denies reducing fuel pump prices

The Nigerian National Petroleum Company Limited has debunked claims that it has reduced the pump prices of petrol and diesel. In a statement, the NNPCL’s spokesperson, Olufemi Soneye, said these claims were unfounded and therefore urged Nigerians to disregard them. Recall that there were reports that some posts on various social media platforms on Tuesday […]

FG's 1,068 oil projects to generate $22.8bn investments
Oil and Gas

Nigeria’s gas production rises 2.2% in Dec 2023

Nigeria’s gas output increased by 2.2% in December 2023 compared to November 2023, when the country’s oil and gas companies produced 146.991 billion standard cubic feet of gas. The Times reported that this data was obtained from the Nigerian National Petroleum Company Limited. However, according to the NNPC, flares accounted for 7.75% of the 11.646 […]

NNPCL demolishes 34 illicit refineries
Oil and Gas

NNPCL demolishes 34 illicit refineries

Over the last week, the Nigerian National Petroleum Company Limited discovered and destroyed 34 illegal refineries in the Niger Delta. The NNPCL announced that, in relation to the several incidents of oil theft and pipeline sabotage last week, it had arrested no fewer than twenty people. The oil company said in a video posted on […]