Nigerian National Petroleum Corp. (NNPC) Archives

96 companies have submitted bids for downstream work on NNPC pipelines, which will be carried out on a BOT basis.

Bids in for NNPC downstream rehab work

15/01/2021

Nigerian National Petroleum Corp. (NNPC) has received bids from 96 companies for rehabilitation of downstream infrastructure.

First E&P has exported its first cargo from the Anyala field, offshore Nigeria, FPSO provider Yinson has reported.

Rigs & Vessels

First E&P exports first Anyala cargo

14/01/2021

by Ed Reed

First oil has been exported from Yinson Holding’s Abigail-Joseph floating production, storage and offloading (FPSO) vessel offshore Nigeria.

Oil demand is on an upward trajectory this year, although the UAE has expressed concerns around incentivising long-term production.

Oil & Gas

Sieminski tips record demand growth for 2021

13/01/2021

by Ed Reed

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 has launched the Oredo LPG plant, which will go to meeting local demand and cutting gas flaring from NPDC's OML 111.

E&P

Nigeria commissions LPG plant at Oredo

22/12/2020

by Ed Reed

Nigerian President Muhammadu Buhari has officially inaugurated Nigerian Petroleum Development Co.’s (NPDC) integrated gas handling facility at Oredo.

Nigeria's FEC has approved a deepsea port in Akwa Ibom, with the state governor also planning work on an oil and gas free zone.

Refining

FEC approves Ibom port plan

17/12/2020

by Ed Reed

Nigeria’s Federal Executive Council (FEC) has approved the Ibom deep sea port plan, paving the way for the project to move forward.

NNPC has begun the delayed process of selecting new DSDP suppliers for Nigeria's fuel needs, with bids to be submitted in January.

Refining

NNPC launches fuel supply tender

07/12/2020

by Ed Reed

Nigerian National Petroleum Corp. (NNPC) has launched the tender process for fuel supplies.

Nigeria has signed a deal with Niger setting the stage for the construction of a pipeline from the Soraz refinery over the border.

Pipelines

Nigeria eyes product pipe from Niger refinery

20/11/2020

by Ed Reed

Nigeria has signed a deal with neighbouring Niger on petroleum products transportation and storage.

Seplat Petroleum will supply oil from Ohaji South to the new modular refinery at Ibigwe, owned by Waltersmith Petroman.

Rigs & Vessels

Hull rupture hits Seplat’s export link at OML 40

03/11/2020

by Ed Reed

Seplat Petroleum has reported another accident at its OML 40, in the Niger Delta.

Offshore

NNPC, First reach oil at OMLs 83, 85

02/11/2020

by Ed Reed

Nigerian National Petroleum Corp. (NNPC) and First E&P have reached first oil at OMLs 83 and 85.

Nigerian President Muhammadu Buhari will launch NOGEC on January 21, providing a centre for training and analytics.

Africa

Nigeria’s PIB heads to legislature once more

29/09/2020

by Ed Reed

Legislators in the Nigerian Senate have pledged to break the “jinx” around the Petroleum Industry Bill (PIB) and bring about reforms in the oil sector.

The government of Nigeria and NNPC have reached a deal with the unions averting a strike protesting at higher petrol and power prices.

Africa

Nigeria averts petrol, power price strike

28/09/2020

by Ed Reed

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.

ADM Energy has struck a financing deal for future upstream opportunities, which may coincide with its participation in Nigeria's marginal field round.

Africa

NNPC denies $1.5bn inflation for AKK link

08/09/2020

by Ed Reed

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 has issued a tender for companies to purchase crude on an FOB basis, with a bid opening ceremony to be held in mid-October.

Africa

NNPC issues public tender for crude lifting

02/09/2020

by Ed Reed

Nigerian National Petroleum Corp. (NNPC) has launched a tender for the purchase of Nigerian crudes.

San Leon has struck a deal to provide financing to Decklar, which is working on near-term production plans on Oza, a marginal field in Nigeria.

Africa

NNPC launches pipeline rehab tender

12/08/2020

by Ed Reed

Nigerian National Petroleum Corp. (NNPC) has published bid opportunities for the provision of reconstruction work in the midstream.

NNPC expects to have overhauled its four state-owned refineries by 2023, but until then imports of petroleum products will continue.

Africa

NNPC signs $1.5bn export finance facility

06/08/2020

by Ed Reed

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 has not taken $1.05bn from the dividend account, the company said, responding to claims in the House of Representatives.

Africa

NLNG denies illegal withdrawal of $1.05bn

17/07/2020

by Ed Reed

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).

NNPC is bidding for time in moving tank farms from residential areas in Lagos, pleading that relocation would upset the country's distribution network.

Africa

NNPC plays for time on Lagos tank sites

16/07/2020

by Ed Reed

The Nigerian National Petroleum Corp. (NNPC) has rejected calls to move its tank farms, saying this should wait until refineries have been rehabilitated and the Dangote Refinery started.

The NCDMB has increased its efforts to support local companies through an expansion of its loan programme.

Africa

NCDMB boosts funding for local companies

06/07/2020

by Ed Reed

The Nigerian Content Development and Monitoring Board (NCDMB) is expanding the Nigerian Content Intervention (NCI) Fund to $350 million.

Africa

NNPC reports March deficit from price plunge

25/06/2020

by Ed Reed

Nigerian National Petroleum Corp. (NNPC) saw a more than 300% decline in earnings in March as crude prices plummeted.

McDermott has won FEED work on the North Field South (NFS) expansion project from Qatargas, the next major step in LNG expansion plans.

Oil & Gas

Might makes for LNG opportunities

18/06/2020

by Ed Reed

Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.

NNPC's Mele Kyari sets out plans to cut costs during a NAPE webinar

Africa

Nigeria talks tough on production costs

10/06/2020

by Ed Reed

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.

Africa

NNPC is watching you, and its products

04/06/2020

by Ed Reed

Nigerian National Petroleum Corp. (NNPC) is to introduce a contact-tracing application across its locations in order to help curb the spread of coronavirus.

Africa

Nigeria feels the pinch

07/05/2020

by Ed Reed

Nigeria is under particular strain as a result of the low oil price crisis, industry participants said during a webinar, demonstrated by a government decision to plan for $20 per barrel oil.

Africa

Nigeria faces involuntary output cuts

22/04/2020

by Ed Reed

Nigeria is moving towards production cuts as a result of a lack of local storage and inability to sell cargoes.