Nigeria, Morocco double down on mega pipeline project
Nigeria and Morocco have signed more agreements on a proposed major offshore gas pipeline, bringing Senegal and Mauritania on board.
Nigerian National Petroleum Corp. (NNPC)
Delayed Dangote launch to end Nigeria’s fuel imports, Kyari says
The major Dangote Refinery project, near Lagos, will come on stream “latest by the middle of next year”, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari has said.
Militants object to security contract handout in Nigeria
Nigeria’s attempts to tackle its oil theft problem have seen a new deal signed with a former leading militant – but the move has sparked protests.
Shell, Exxon, others to end billion dollar Nigerian lawsuits
Shell, ExxonMobil, Chevron and Equinor plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deep-water oil production in Africa’s largest crude producer.
NNPC extends four licences on pre-PIA terms
Nigerian National Petroleum Corp. (NNPC) has renewed licences with leading international companies in the deepwater in a move expected to unlock new investments.
President Buhari approves Seplat purchase of Exxon’s Nigeria blocks
Nigerian President Muhammadu Buhari approved Seplat Energy's $1.28 billion purchase of Exxon Mobil’s shallow water business in the West African country, seemingly putting an end to efforts by the national oil company to block the deal.
TotalEnergies’ Ikike reaches first flows
TotalEnergies (LON:TTE) has started production at the Ikike field, offshore Nigeria, which should reach peak production of 50,000 barrels per day by the end of the year.
NNPC relaunches as independent operator in high-profile event
Nigerian National Petroleum Corp. (NNPC) has held a glitzy ceremony celebrating its relaunch as a limited company and a newfound sense of independence.
ILF, Doris win PMC work on huge pipeline project
ILF Consulting Engineers and Doris Group have won project management consultancy (PMC) work on the proposed Nigeria-Morocco Gas Pipeline (NMGP).
Nigeria faces uphill battle to tackle its oil spill issues
Nigeria has long had issues with safety, not least in keeping workers safe from militants. The government has shown little sign of tackling the problem among legal operations, let alone the safety challenges of widespread illicit bunkering and refining.
Sahara, NNPC add two LPG vessels
Sahara Group and Nigerian National Petroleum Corp. (NNPC) have taken ownership of two LPG vessels in South Korea, with plans to reach 10 vessels in the next 10 years.
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.
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.