.By JOY ADARA, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that the rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail outlets nationwide are false. Chief Corporate Communications Officer, NNPC Ltd., Mr Olufemi Soneye, said...
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The Ministry of Petroleum Resources as well as its agencies and parastatals are expected to brainstorm on emerging developments in the oil and gas industry, at a sectoral retreat scheduled to hold in Abuja. Deputy Director, Press and Public Relations, Ministry of Petroleum Resources, Mrs Oluwakemi Ogunmakinwa, said...
By MBAFAN ADE, Abuja – The Nigerian National Petroleum Corporation (NNPC) Ltd will be at the 2024 CERAWeek Conference scheduled to hold in Houston, United States from 18th to 22nd March 2024. GCEO, NNPC Ltd, Mr. Mele Kyari will headline the Plenary Session titled “Leadership Dialogue” on...
An Energy expert, Prof. Billy Okoye has unveiled `AptFuel Technology’, an application capable of navigating and accessing availability, prices and ratings of petroleum products at fuel stations nationwide. Okoye, Coordinator, Oil, Gas and Energy Marketing, University of Abuja Business School, and a former Group Executive Director, Nigerian National...
The House of Representatives has decried the recurring destruction of oil and gas pipelines in the country. Rep. Alhassan Ado-Doguwa, Chairman Special Committee on Oil Theft, condemned the act at a meeting with the Nigerian National Petroleum Corporation (NNPC) Ltd. in Abuja. The engagement was to unravel the...
The Federal Government said on Tuesday that none of the International Oil Companies (IOCs) doing business in Nigeria has left as against insinuations. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, gave the clarifications during the inauguration of the ongoing Nigeria International Energy Summit (NIES 2024), at...
By JEROME-MARIO UTOMI, Asaba – A group of Non-Governmental Organizations (NGOs) and Media Professionals have appealed to His Excellency, Bola Ahmed Tinubu, President, Federal Republic of Nigeria, the Nigerian National Petroleum Company Limited, NNPCL, to end gas flaring in Ubeji Community, a sleepy Satellite community located around the...
By JOY ADARA, Abuja – The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Mele Kyari, says no public wealth creation endeavour can achieve any meaningful success without energy security. The GCEO stated this in a presentation at the Ministry of Finance Incorporated...
The Biennial Sports Fiesta of the Nigeria National Petroleum Company Limited (NNPCL) has opened in Abuja on Sunday with athletes from the company’s three zones participating. The athletes will compete for laurels in football, basketball, volleyball, chess, squash, scrabble, 8-ball pool, golf, tennis, table tennis, badminton, swimming and Athletics....
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Mele Kolo Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited to “promptly account for and explain the whereabouts of the alleged missing USD$2.04 billion and N164 billion oil revenues.”...
Partner, Bloomfield Law Practice, Dr Ayodele Oni, has said the plan to domicile crude oil sales account with Central Bank of Nigeria (CBN) will help in promoting accountability and transparency. Oni made the observation in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos....
By MBAFAN ADE, Abuja – In line with President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to optimise production from the nation’s oil and gas assets, the Company has announced the successful commencement of oil production from the Akpo West Field. The milestone,...
President Bola Tinubu has ordered the Attorney-General of the Federation, Lateef Fagbemi to clear court cases on 1.3 billion dollars deepwater OML 245 oil block in Niger Delta. Others that received the directive are the Minister of State for Petroleum Resources, Heineken Lokpobiri, and the Economic and Financial Crimes...
L The Global transparency body, Extractive Industries Transparency Initiative (EITI), has scored the Nigerian National Petroleum Company Limited (NNPC Ltd) very high in its latest global assessment. The EITI’s Deputy Executive Director, Mr Bady Baldé , made this known when he led an EITI delegation to the Group Chief...
By EZEKIEL OBI, Abuja – The Nigerian Navy (NN), has denied the involvement of the Chief of the Naval Staff (CNS), Vice Adm. Emmanuel Ogalla in any multi-billion naira fraud. The Naval spokesman, Rear Adm. Adedotun Ayo-Vaughan, who disclosed this in a statement on Saturday, said the allegation is...
By MBAFAN ADE, Abuja – The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari has called for collaboration between the academia and the Oil & Gas Industry towards addressing the challenges of energy sufficiency and sustainability. Kyari made this call...
The Chief of Defence Staff (CDS), General Christopher Musa, in company of top officials of the Nigerian National Petroleum Company (NNPC) Limited on Monday, inspected a vessel caught with about 200,000 litres of stolen crude oil. The vessel was arrested by a joint sting operation carried out by...
African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 million has been made. A second tranche of US$1.05 million is expected to be disbursed subsequently. United...
The Nigerian National Petroleum Company (NNPC) Limited has gifted N200,000 Premium Motor Spirit (PMS) voucher to a lady identified as ‘Mummy Zee’ after being mocked online for waking up to cook for her husband at 4:50 a.m. NNPC Ltd. disclosed this on Saturday in a tweet shared...