SERAP files suit against president over mismanaged refineries
A Nigerian NGO has filed a lawsuit against Nigerian President Muhammadu Buhari over a string of alleged failures at the country’s four refineries.
Nigerian National Petroleum Corp. (NNPC)
Total seeks to join exodus of oil majors from onshore Nigeria
TotalEnergies will put up for sale its minority stake in a Nigerian oil joint venture, joining the exodus of supermajors from onshore fields in Africa’s largest crude producer.
Worley wins FEED work for world’s longest offshore pipeline
Worley will carry out a front-end engineering and design (FEED) study for the proposed Nigeria-Morocco Gas Pipeline (NMGP) project.
Shell payments to Norway overtake Nigeria in 2021
Shell paid $$4.48 billion to the Nigerian government in tax payments in 2020, with the West African state slipping into second place after Norway.
Shell among companies chasing Ecuadorian oil after Russia sanctions
US refiners Valero Energy and Marathon Petroleum, along with Shell's trading unit Shell Western Supply and Trading, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude.
Report: Nigeria’s production shortfall disrupts fuel imports
Nigerian National Petroleum Corp. (NNPC) has run short of oil production, local reports have said, reducing its ability to meet domestic fuel needs.
NNPC blames Litasco cargoes for fuel woes
Nigerian National Petroleum Corp. (NNPC) has named and shamed importers for bringing in sub-standard fuel products.
Afreximbank to support NNPC in $5bn fundraise
The African Export-Import Bank (Afreximbank) will work with Nigerian National Petroleum Corp. (NNPC) to raise $5 billion.
Legislative reform benefits Nigerian oil investment
Nigeria is the largest economy in Africa, with the government highly dependent on oil revenues. As such, Nigerian National Petroleum Corporation (NNPC) is crucial to the country and the state.
Port Harcourt refinery fire contained
Nigerian National Petroleum Corp. (NNPC) has reported a “minor fire incidence” at its Port Harcourt refining complex.
Afreximbank signs up to back Nigerian FLNG plan
UTM Offshore has signed a memorandum of understanding (MoU) with the African Export-Import Bank (Afreximbank) in support of a floating LNG (FLNG) project.
Fuel prices halve Nigerian oil revenues, piling on debt pressure
High fuel prices have continued to put pressure on Nigeria’s coffers, cancelling out oil price gains for Nigerian National Petroleum Corp. (NNPC).
NNPC auditor repeats going concern worries, despite 2020 profit
Nigerian National Petroleum Corp. (NNPC) reported a profit for 2020, but there are challenges ahead.
Nigerian oil giant considers IPO after first profit in 44 years
Nigeria’s state oil company is considering an initial share sale after posting the first profit in its 44-year existence.
NPDC claims Kolmani River success, launches infrastructure bid
Nigerian Petroleum Development Co. (NPDC) has issued a request for expressions of interest (EoI) on the development of two licences in Nigeria’s northeast.
NPDC claims victory over Shell at OML 11
Nigerian National Petroleum Corp. (NNPC) has claimed victory over Shell at OML 11, following an Appeal Court judgement in its favour.
Buhari sets Nigeria on course for petroleum transition
Nigerian President Muhammadu Buhari has appointed a steering committee to oversee the enacting of the Petroleum Industry Act (PIA).
Exxon, NNPC ordered to pay Ibeno oil spill compensation
A Nigerian court has ordered Nigerian National Petroleum Corp. (NNPC) and Mobil Producing Nigeria (MPN) pay 82 billion naira ($199.5 million) in compensation for an oil spill.
NNPC, NCDMB sign on to Brass products plan
Nigerian National Petroleum Corp. (NNPC), the Nigerian Content Development Monitoring Board (NCDMB) and Zed Energy have signed a shareholder deal on the Brass terminal.
Shell moves closer to new Bonga plan with NNPC deal
Nigerian National Petroleum Corp. (NNPC) has signed an agreement with its partners on OML 118, home of the Bonga field.
Subsidy payments squeeze NNPC revenues to FAAC
Nigerian National Petroleum Corp. (NNPC) has been forced to deny that the company has run out of cash.
Buhari returns licences to Addax
Nigerian President Muhammadu Buhari has restored four licences to Chinese-owned Addax Petroleum.
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.
Nigeria approves funding for Tecnimont refinery work
Nigeria’s Federal Executive Council (FEC) has approved spending $1.5 billion to rehabilitate the Port Harcourt refinery.
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.