Oil, Gas and Energy

The Nigerian National Petroleum Company (NNPC) Ltd has denied any imminent hike in the pump prices of Premium Motor Spirit (PMS), popularly known as petrol. Recently, some motorists have been experiencing difficulties buying petrol in filling stations amid fears that the authorities could…

TotalEnergies and its partners have announced the start of production from the Akpo West field on the Oil Mining License, OML2 license in Nigeria. In a statement; the company said the project would not only maintain production in its existing Akpo facilities but…

The Shell Petroleum Development Company of Nigeria Limited (SPDC) says it has taken a final decision with its joint venture partners to build a dedicated upstream facility to supply 100 million standard cubic feet of gas per day to Dangote Fertiliser and…

The Nigerian National Petroleum Company Limited has explained the cause of the long queues in some filling stations in Lagos State. The NNPCL said the “tightness” was a result of what it called a “brief distribution issue”. There were long queues in some filling…

Latest data from the Nigerian National Petroleum Company (NNPC) Limited showed that no fewer than 36 oil blocks are under concession to international oil companies operating in Nigeria and their indigenous counterparts in the country. An analysis of NNPCL’s latest Consolidated and Separate…

Shell Petroleum Development Company Nigeria Ltd has been advised to obey the court order restraining it against selling its properties in Nigeria, pending the determination of the suit filed by Prince Afolabi Akinruntan and 1,215 others against the oil producing company. A letter…

The Nigerian National Petroleum Company Limited remitted literally zero funds to the Federation Account in 2022 due to the payment of subsidy on Premium Motor Spirit, popularly called petrol, the Chief Financial Officer, NNPCL, Umar Ajiya, has said. NNPCL is a major revenue…

The Nigerian National Petroleum Company Limited (NNPCL) increased its revenue profile by 37.2 per cent, from N6.42 trillion in 2021 to N8.81 trillion in 2022, its latest Audited Financial Statement (AFS) released Friday revealed. The document, the fourth in the series to…

Oil and gas sector workers have rejected the planned sale of Shell onshore assets, claiming the group being speculated to buy up the assets is unknown to it. Speaking under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria…

The Nigerian National Petroleum Company has recorded at least, 214 incidents of oil theft in the past week. In a video documentary released on Tuesday, the NNPCL disclosed that between the 13th and 19th of January 2024, 214 incidences of oil theft were…