NNPC loses $340mn per month on PMS sales
The gap between what Nigeria pays to import fuel and what it is sold at is unsustainable and must change, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari has said.
Mele Kyari
NNPC to supply gas to Moroccan plant in Akwa Ibom
Nigerian energy officials have visited Morocco in a show of support for an ammonia plant in Akwa Ibom State.
NNPC talks pipeline protection, maritime security
The Nigerian military has committed to providing “maximum security” for the country’s oil and gas assets.
Nigeria plans contract reforms in bid to cut upstream costs
Nigeria has launched an exercise to cut upstream production costs, with an eye on securing the country’s energy future.
Nigeria commits to Brass methanol plan
The Nigerian government has signalled its support of the Brass Fertiliser and Petrochemical Co. (BFPCL) 10,000 tonne per day methanol plant with a final investment decision (FID) ceremony.
Sieminski tips record demand growth for 2021
Oil demand will grow at “a little over 4 million barrels per day” in 2021, King Abdullah Petroleum Studies and Research Centre (KAPSARC) president Adam Sieminski has predicted.
Nigeria commissions LPG plant at Oredo
Nigerian President Muhammadu Buhari has officially inaugurated Nigerian Petroleum Development Co.’s (NPDC) integrated gas handling facility at Oredo.
Nigeria launches autogas push
Nigeria has launched a push to increase the use of autogas with a high-profile event in Abuja.
Nigeria eyes product pipe from Niger refinery
Nigeria has signed a deal with neighbouring Niger on petroleum products transportation and storage.
NNPC, First reach oil at OMLs 83, 85
Nigerian National Petroleum Corp. (NNPC) and First E&P have reached first oil at OMLs 83 and 85.
NNPC aims to end product swaps in 2023
Nigerian National Petroleum Corp. (NNPC) will continue swap deals to secure products until the domestic refining sector is fully functioning, in 2023.
Nigeria averts petrol, power price strike
Nigerian National Petroleum Corp. (NNPC) has reached a deal with unions, preventing what had been tipped as being the largest strike in Nigeria’s recent history.
NNPC denies $1.5bn inflation for AKK link
Nigerian National Petroleum Corp. (NNPC) has denied allegations that the price of the Ajaokuta-Kaduna-Kano (AKK) gas link was inflated by $1.527 billion.
NNPC signs $1.5bn export finance facility
The United Bank for Africa (UBA) has participated in a consortium to lend $1.5 billion to Nigerian National Petroleum Corp. (NNPC) and its upstream Nigerian Petroleum Development Co. (NPDC) unit.
NLNG denies illegal withdrawal of $1.05bn
Nigeria LNG (NLNG) has denied reports that top officials illegally withdrew $1.05 billion from its dividend account with its majority shareholder, Nigerian National Petroleum Corp. (NNPC).
Nigeria talks tough on production costs
Nigeria will cut production costs to $10 per barrel by the end of 2021, Nigerian National Petroleum Corp. (NNPC) managing director Mele Kyari has said.
NNPC tapped to shore up Nigeria’s virus fight
The Nigerian National Petroleum Corp. (NNPC) and Central Bank of Nigeria (CBN) will provide the funds for expatriate Nigerians to be brought home.
Mixed marginal field talk in Nigeria
Nigeria’s Department of Petroleum Resources (DPR) has denied reports that a new set of guidelines has been issued for marginal fields.
Nigeria faces involuntary output cuts
Nigeria is moving towards production cuts as a result of a lack of local storage and inability to sell cargoes.
Nigeria’s banner oil hits $12, millions of barrels remain unsold
The real oil market is killing Nigeria.
Nigeria moves to private partnerships in refining sector
Nigeria is in the process of shifting its refining model away from Nigerian National Petroleum Corp. (NNPC) ownership, bringing in private ownership similar to that seen at Nigeria LNG (NLNG).
Nigeria puts its foot on the gas
While the big goal of tackling its sclerotic oil industry is still languishing, Nigeria has been racking up progress in its gas sector.
Lagos pipeline explosions kills 15
An explosion involving a Nigerian National Petroleum Corp. (NNPC) pipeline in Lagos State has led to the deaths of at least 15 people.
Lagos pipeline explosion blamed on thieves
An explosion in a Lagos neighbourhood has been extinguished, but it has left five dead, according to local reports.
NLNG greenlights Train 7
Nigeria LNG (NLNG) has taken the final investment decision (FID) on Train 7, the long-awaited expansion project that will take the project’s capacity to 30 million tonnes per year.