NNPC News - TheDailyNG

NNPC/CNL Joint Venture secures $1.4B financing for infill drilling program

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By Godswill Odiong Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (NNPC/CNL JV) has confirmed that $1.4 Billion financing has been secured to fund the NNPC/CNL JV infill drilling program (Project) between 2022 to 2026. The financing arrangement was executed on Wednesday, November 30, 2022. […]

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NNPC, Shell, others renew deep-water oil mining leases

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By Eyo Nsima The Federal Government has renewed the Oil Mining Leases, OML, for OML 125, 130,133, 132, 138, with the Nigerian national Petroleum Company Limited and its partners for another 20 years. The renewal of the Production Sharing Contracts, for the fields would culminate in the production of about 10 billion barrels of crude

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NNPC, Sahara JV Mulls Construction of Jetties across West Africa to Boost LPG Supply

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WAGL Energy Limited, a joint venture business operated by the Nigerian National Petroleum Company (NNPC) Limited and Sahara Group, is set to develop and construct jetties across West African countries to boost the supply and penetration of Liquefied Petroleum Gas (LPG) in the sub-region. Emmanuel Ubani, Managing Director, WAGL Energy Limited said discussions were already

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We are not recruiting-NNPC

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The Nigerian National Petroleum Corporation (NNPC) has confirmed that it is not recruiting, putting end to the claims that there are vacant positions in the organization. Its management made the declaration in a statement issued in Abuja by the Group General Manager, Group Public Affairs Division, Mr. Garbadeen Muhammad. Muhammad stated that any information suggesting

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Buhari, NNPC CEO showcase oil & gas investment opportunities in Spain

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CEO/GMD NNPC Ltd, Mallam Mele Kyari has reiterated his commitment to sustain the strategic energy partnership between Nigeria and Spain. Mallam Kyari disclosed this while addressing Nigerian and Spanish business leaders on investment opportunities in the Nigerian Oil and Gas Industry, in Madrid, Spain, on the sidelines of President Muhammadu Buhari’s state visit to Spain,

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NNPC, Sahara Group invests USD300m in gas carriers to drive clean energy access in Africa

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**Targets 10 additional carriers in 10 years The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group today took delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan, South Korea, with plans to add 10 vessels in 10 years to enhance Africa’s

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PETROL SUBSIDY: How NNPC deducted N245.7bn from contribution to Federation Account in April 2022

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By Eyo Nsima The Nigerian National Petroleum Corporation (NNPC) Limited, Nigeria’s apex oil company has deducted N245.77 billion from its contribution to the Federation Account in April 2022. The deduction was used to pay the nation’s petrol subsidy. In its report to the Federation Account Allocation Committee meeting held yesterday, the NNPC Limited stated that

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September MFOR: NNPC Records 353% Increase in Trading Surplus

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The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a trading surplus of ₦37.50billion for the month of September 2021 representing a 352% increase from the ₦8.29billion surplus in August 2021. Details of the figures contained in the September 2021 NNPC Monthly Financial and Operations Report (MFOR) indicate that the rise in trading surplus

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NNPC assures Nigerians of sufficient PMS stock with 1.7blitres

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..Insist that NNPC and FG do not have plan of adjusting PMS price As fuel scarcity persist in major cities of the country, the Nigerian National Petroleum Company (NNPC) Limited, has once again assured Nigerians that it has sufficient stock of petroleum products for distribution across the country. The corporation also said that it has

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NNPC not behind depreciating value of Naira --- Investigation

NNPC reassures Nigerians on fuel supply

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…Promises remedial action on defaulting importers The Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to restore sanity in the supply and distribution of quality Premium Motor Spirit (PMS) also known as petrol across the country within a short period. The Chief Executive Officer/ Group Managing Director of NNPC, Mallam Mele

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