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.
Nigerian National Petroleum Corp. (NNPC)
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.
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).
NNPC plays for time on Lagos tank sites
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.
NCDMB boosts funding for local companies
The Nigerian Content Development and Monitoring Board (NCDMB) is expanding the Nigerian Content Intervention (NCI) Fund to $350 million.
NNPC reports March deficit from price plunge
Nigerian National Petroleum Corp. (NNPC) saw a more than 300% decline in earnings in March as crude prices plummeted.
Might makes for LNG opportunities
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.
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 is watching you, and its products
Nigerian National Petroleum Corp. (NNPC) is to introduce a contact-tracing application across its locations in order to help curb the spread of coronavirus.
Nigeria feels the pinch
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.
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.