The Nigerian Nation al Petroleum Corporation (NNPC) has announced an increase of 80.12% in trading surplus for the month of December 2020 which stands at ₦24.19billion compared to the ₦13.43billion surplus recorded in November 2020.
This is contained in the December 2020 edition of the NNPC Monthly Financial and Operations...
A gas plant
Seplat Petroleum Development Company Plc, announces that its Incorporated Joint Venture (IJV), the ANOH Gas Processing Company (AGPC), has successfully raised US$260m in debt to fund completion of its ANOH Gas Processing Plant (“ANOH”).
The 300MMscfd capacity ANOH plant, located on OML 53 in Imo State, is being...
The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost tomorrow as President Muhammadu Buhari performs the Flag-off of the construction of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project.
The project, expected to be completed within a 24-month timeline, is a section...
The Nigerian National Petroleum Company (NNPC) Limited has disclosed that subsidy payment on Premium Motor Spirit (PMS), popularly called petrol was entirely removed by the Federal Government and not reduced as being insinuated.
This clarification was made by the Chief Corporate Communications Officer of the National Oil Company, Mr. Olufemi...
President Bola Tinubu has reiterated his commitment to the provision of reliable and affordable electricity supply to Nigerians.
Tinubu stated this during the Foundation Laying Ceremony for the 350 Megawatts Gwagwalada Independent Power Project (GIPP) on Friday in Abuja.
He noted that his administration was poised to deliver uninterrupted power to...
The Nigerian National Petroleum Company (NNPC) Limited has announced a huge leap in trading surplus of ₦141.96billion recorded in June 2021 compared to a deficit of ₦37.46Billion in May 2021.
This is contained in the June 2021 figures of the NNPC Monthly Financial and Operations Report (MFOR).
A trading surplus or...
The Nigerian National Petroleum Corporation (NNPC) has begun to reap the benefit of its management’s commitment to transparency and accountability with bountiful opportunities of private sector financing for its projects.
This was disclosed by the Group Managing Director of the NNPC, Mallam Mele Kyari, while playing host to the management...
The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture.
The incident, which occurred on Tuesday during the installation of a ladder on a platform (Benin River Valve...
TotalEnergies, operator of OML130 in Nigeria, announces the renewal of the production license on this block for 20 years.
Located 150 kilometers off the Nigerian coast, the OML130 block contains the prolific Akpo and Egina fields which came into production in 2009 and 2018 respectively.
In 2022, production amounted to 282,000...
Following the dispute that erupted between Chevron Nigeria Limited and some host communities in Delta State, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has urged the warring parties to maintain peace pending the resolution of the matter.
NUPRC's Head of Public Affairs and Communication Unit, Mrs. Olaide Shonola, who disclosed...
