OIL & GAS

The Nigerian National Petroleum Company Limited is adopting three strategies to achieve a carbon-neutral economy and reduce global warming as well as other effects of climate change in Nigeria. The Group Managing Director, NNPC, Mele Kyari, said the oil firm would adopt…

Three crew members on board the Trinity Spirit Floating Production, Storage and Offloading vessel gutted by fire at the Ukpokiti Terminal last Wednesday have been confirmed alive. Though a yet-to-be identified body was discovered close to the offshore facility in the wee…

Shebah Exploration & Production Company Ltd announced on Thursday that its offshore facility, the FPSO Trinity Spirit located at the Ukpokiti Teminal, near Escravos, was engulfed by fire, following an explosion in the early hours of Wednesday. The facility, which serves as…

The Minister of Petroleum Resources, Mr Timipre Sylva, yesterday expressed doubts over Nigeria’s daily petrol consumption figures, describing them as crazy and opaque. The minister who appeared on the Nigerian Television Authority (NTA), a government-owned broadcast station, in apparent frustration, noted that there’s…

The Nigerian National Petroleum Company Limited has said it spent N100bn on refineries’ rehabilitation in 2021 and that funds were pumped into revamping the facilities on a monthly basis last year. It disclosed this in a report on the funding performance of the…

The Nigerian National Petroleum Company (NNPC) paid an additional cash call arrears of $452,535,270 to its joint venture (JV) partners between November 2020 and November 2021, bringing to $3.54 billion the total debts it paid to the international oil companies (IOCs) since…

The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday announced that the NNPC was working with AfrieximBank to raise $5bn financing for the oil firm. Kyari announcement came as the national oil firm told the Federation…

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NURPC), Mr. Gbenga Komolafe yesterday confirmed that the Nigerian National Petroleum Company Limited (NNPC) has retrieved the Oil Mining Licences (OMLs) 123, 124, 126 and 137, that previously was held under…

The General Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC) Mele Kyari at the weekend, said with the implementation of the Petroleum Industry Act (PIA) the Company would emerge the most Capitalised in the entire Africa. Also, he said gas a result…

The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent of the Liquefied Petroleum Gas (butane and propane) produced by the company to the Nigerian market. The NLNG said in a statement that…