The Nigerian National Petroleum Company Limited (NNPC Ltd.) has called on the Economic and Financial Crimes Commission (EFCC) to help in the ongoing fight against pipeline vandalism and crude oil theft in the country. Mr. Mele Kyari, the Group Chief Executive Officer of the company, made the appeal during a...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has described as mischievous the report carried by a national daily of alleged unremitted funds into the Federation Account. NUPRC said, the report which claims that a 2022 Audit Report from the office of the Auditor General of the Federation indicted the Nigerian...
The Independent Petroleum Producers Group (IPPG) has endorsed the recent Executive Orders signed by President Bola Tinubu aimed at revitalizing investment in Nigeria’s oil and gas sector. The Policy Directives were also meant to position the nation as Africa's premier investment destination within the energy sector. IPPG in a statement signed...
Nigeria LNG Limited (NLNG) has clarified that it supplied 493,000 metric tons of Liquified Petroleum Gas (LPG) to the Nigerian domestic market against the 1.5 million metric tons reported. The clarification was contained in a statement issued by the company's General Manager, External Relations and Sustainable Development, Andy Odeh on...
Seplat Energy PLC, a leading Nigerian independent energy company has announced a growth of 12 per cent in revenue from N403.9billion to N696.9billion. This was contained in its audited account for the twelve months ended 31 December 2023, according to a statement released on Thursday. "The Board recommended a special dividend...
As energy experts from across the world converge on Abuja to brainstorm on energy security, transition, and finance aspirations of the industry, the Federal Government of Nigeria and its Ghanaian counterpart have declared that the countries would not abandon the use of fossil fuel to industrialise. Minister of State for...
The Commission Chief Executive (CCE), Engr. Gbenga Komolafe has disclosed that the 51 Field Development Plan approved in the year 2022 -2023 is expected to attract a total of USD17.64 billion investment inflow. This is even as he said, the plan would deliver cumulative oil recovery and gas recovery estimated at...
The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have agreed to work closely together to achieve the nation’s aspirations to attract investments and grow production. This was disclosed in a statement by the Chief Corporate Communications Officer of the NNPC Ltd.,...
...As NNPC Ltd Clarifies Involvement The Independent Petroleum Producers Group (IPPG) has called for accelerated actions on all pending and ongoing divestments in the Nigerian oil and gas sector. IPPG Chairman, Mr. Abdulrazaq Isa made the call in his goodwill message at the ongoing 7th edition of the Nigeria International Energy...
Amid the public outcry of exorbitant price of Cement in the country, Dangote Cement Plc has emerged winner of the 2023 NatureNews Environmental Sustainability Award. The company in a statement on Wednesday, February 28, 2024, said, the award was conferred yesterday at the 3rd Anniversary Lecture of NatureNews and Presentation...