Nigeria represents one of Africa’s largest oil and gas producers and stands as a significant player in the continent’s pursuit of energy security, sustainability, and economic growth. With a largely established energy sector, Nigeria is committed to scaling up exploration and production even further and is inviting global investors and regional partners to invest in […]
NIGER DELTA: NNPCL kicks against Oando acquisition of Agip’s oil assets By Eyo Nsima The Nigerian National Petroleum Company Limited, NNPCL, has challenged the acquisition of Nigerian Agip Oil Company onshore (land) assets by Oando Plc in Nigeria. The sale of Oil Mining Lease, OMLs 60, 61, 62 and 63 was targeted at enabling Agip
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NNPC gets $3bn oil loan to stabilise naira By Eyo Nsima The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion emergency crude repayment loan, targeted at enhancing the stabilisation of the naira. The company secured the funding from AfriExim Bank headquarters in Cairo, Egypt and will repay the loan with crude oil
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NNPCL, NIPCO plan 35 CNG stations in Nigeria By Eyo Nsima NNPC Limited has signed a partnership agreement with NIPCO Gas Limited to establish modern Compressed Natural Gas, CNG, stations in different parts of Nigeria. NNPCL Group CEO, Mr. Mele Kayri at a press briefing in Abuja said the stations would have the capacity to
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ExxonMobil, NNPC inaugurate Host Community Trusts in Nigeria’s Akwa Ibom State Mobil Producing Nigeria Unlimited (MPN), a subsidiary of ExxonMobil and operator of the Nigerian National Petroleum Company Limited (NNPC)/MPN Joint Venture has inaugurated two Host Community Development Trusts covering its Oil Mining Leases in Akwa Ibom State, in compliance with the provisions of
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The Nigerian National Petroleum Corporation (NNPC) signed a Heads of Agreement with Nigerian oil and gas company UTM Offshore Limited for the UTM Floating Liquefied Natural Gas (FLNG) project – a planned FLNG vessel set to produce 176 million cubic feet of gas per day from the Yoho Field. The agreement lays out the terms
NNPC Ltd, UTM Sign Deal on 1.5MTPA Floating LNG Project In a major step towards bolstering Nigeria’s energy security and promoting the utilization of its abundant gas resources, the NNPC Ltd and UTM Offshore Limited have today in Abuja signed a Heads of Terms (HoT) agreement for the construction of the nation’s first indigenous
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NIGERIA’s HIGH FUEL PRICE: It’s not about NNPC but market fundamentals — IPMAN By Eyo Nsima The national operations controller, Independent Marketers Association of Nigeria, IPMAN, Mike Osatuyi, said the high price of petrol in Nigeria does not have much to do with the NNPC Limited. According to him, the high price of the product
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NNPC intercepts 800,000 liters-capacity vessel with stolen crude oil By Eyo Nsima THE NNPC Limited has intercepted an 800,000 liters-capacity vessel with stolen crude oil, offshore Nigeria. In his statement obtained by The Daily, http://www.thedaily-ng.com, the Chief Corporate Communications Officer, NNPC Limited, Garba Deen Muhammad, stated: “Following the receipt of credible intelligence, a Private Security Contractor engaged by
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The lndependent Petroleum Marketers Association of Nigeria (IPMAN), Ejigbo Satellite Depot, has raised alarm over incessant activities of pipelines vandalism at Idimu, Alimosho Local Council Development Area of Lagos. IPMAN Ejigbo Satellite Depot Chairman, Mr Akin Akinrinade, disclosed that some vandals, who were found scooping petrol on System 2B pipeline in front of Good Luck
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