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.
Nigerian National Petroleum Corp. (NNPC)
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.
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.
NOC spending plans at risk from climate goals
Investments by the world’s NOCs are incompatible with limiting climate change, according to new research published by the Natural Resource Governance Institute (NRGI).
Seplat completes funding for ANOH project
Seplat Petroleum has raised cash for its ANOH gas plan from a group of primarily Nigerian banks.
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.
Bids in for NNPC downstream rehab work
Nigerian National Petroleum Corp. (NNPC) has received bids from 96 companies for rehabilitation of downstream infrastructure.
First E&P exports first Anyala cargo
First oil has been exported from Yinson Holding’s Abigail-Joseph floating production, storage and offloading (FPSO) vessel offshore Nigeria.
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.
FEC approves Ibom port plan
Nigeria’s Federal Executive Council (FEC) has approved the Ibom deep sea port plan, paving the way for the project to move forward.
NNPC launches fuel supply tender
Nigerian National Petroleum Corp. (NNPC) has launched the tender process for fuel supplies.
Nigeria eyes product pipe from Niger refinery
Nigeria has signed a deal with neighbouring Niger on petroleum products transportation and storage.
Hull rupture hits Seplat’s export link at OML 40
Seplat Petroleum has reported another accident at its OML 40, in the Niger Delta.
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.
Nigeria’s PIB heads to legislature once more
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.
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 issues public tender for crude lifting
Nigerian National Petroleum Corp. (NNPC) has launched a tender for the purchase of Nigerian crudes.
NNPC launches pipeline rehab tender
Nigerian National Petroleum Corp. (NNPC) has published bid opportunities for the provision of reconstruction work in the midstream.
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.