Oil & Gas
NNPC Ltd, First E&P Achieve 20,000bpd Production at OML 85
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset also known as Madu Field. Production from the field which is located in shallow waters offshore Bayelsa State…
Read More »NNPC chief says bridging energy access gap vital for Nigeria’s economic growth
The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasized the critical importance of bridging the energy access gap to the creation of economic prosperity of the country. The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, made this submission in a keynote address on industry operations with…
Read More »NNPC chief identifies transparency, research, innovation as driver of its transformation
The Executive Vice President, Gas, Power and New Energy, Nigerian National Petroleum Company Ltd, Mr. Olalekan Ogunleye has identified transparency, accountability, research, technology and innovation as key drivers of the ongoing transformation in the company. Ogunleye disclosed this while speaking during a Panel Session hosted by the NNPC Ltd at…
Read More »NNPC Ltd Will Use Gas to Trigger Nigeria’s Industrialisation, Economic Devt. —EVP Upstream, Eyesan
The Nigerian National Petroleum Company (NNPC) Ltd has reiterated its commitment towards utilizing Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development. NNPC Ltd’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan disclosed this during a Panel Session at the ongoing 2024 CERAWeek Conference in Houston, the United States…
Read More »NLNG puts LPG supply into Nigerian market at 500,000 metric tons
Nigeria LNG Limited (NLNG) has noted reports indicating that it supplies 1.5 million metric tons of Liquified Petroleum Gas (LPG) to the Nigerian domestic market. NLNG would like to clarify that it annually provides close to 500,000 metric tons of LPG to meet market demands. This is in pursuit of…
Read More »NNPC Ltd seeks collaboration to tackle challenges faced by independent producers
The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for deeper collaboration among upstream operators, especially independent producers, to find solutions to the challenges hindering the effective development of divested assets in the nation’s oil and gas industry. The company’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, made the…
Read More »IOC’s Divestment: We Facilitate, Not Hinder Process – NNPC Ltd
The Nigerian National Petroleum Company Limited (NNPC Ltd), as the largest partner to all the oil producing companies in Nigeria, has assured that its role in the divestment of the International Oil Companies from onshore and shallow water assets in the country is that of a facilitator, and not an…
Read More »No Increase in PMS Prices, NNPC Ltd. Assures Nigerians
The Nigerian National Petroleum Company (NNPC) Ltd. assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. NNPC Ltd, in a statement by Mr Olufemi Soneye, Chief Corporate Communications Officer, urges Nigerians to disregard unfounded rumours and assures them…
Read More »NNPC Ltd Woos South Korean Investors for Gas Projects
The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The Group Chief Executive Officer of NNPC Ltd, Mr Mele Kyari, led the company’s team to the discussions which held…
Read More »NNPC Ltd grows profit by 271% to N2.5trn in 2022
The Nigerian National Petroleum Company (NNPC) Ltd has reported a profit of N2.548 trillion in 2022, a 271% growth from N674.1 billion in 2021. The national oil company in its 2022 Financial Performance Report posted online described the profit as the highest since its inception in 1977. The financial report…
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