By Ayomide Otitoju The Nigerian National Petroleum Corporation Limited (NNPCL) has reinforced its partnership with the Association of Local Governments of Nigeria (ALGON) to accelerate grassroots development across the country. The collaboration aims to enhance the delivery of essential services, create economic opportunities, and improve living standards at the local government level. As a key…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) and officials from Bauchi and Gombe states have expressed differing opinions regarding the status of oil exploration at the Kolmani Integrated Oil Field, located in Barambu village, Alkaleri Local Government Area of Bauchi State. Government officials from the two states have criticized the lack of…
By Ayomide Otitoju The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has announced that Nigerians should expect a reduction in the pump price of petrol within the week. This follows last week’s decision by the Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Refinery to lower the ex-depot price of petrol to…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) and oil marketers have solidified a partnership to ensure uninterrupted distribution of petroleum products during and after the festive Yuletide season. This was disclosed by Dr. Joseph Obele, National Public Relations Officer of the Petroleum Retail Operators Association of Nigeria (PETROAN), following a meeting on…
The Nigerian National Petroleum Company Limited (NNPCL) and Chevron Nigeria Limited have announced a significant oil discovery following the successful drilling of the Meji NW-1 well in the shallow waters of the Niger Delta. The well, spudded on September 2, 2024, reached a total depth of 8,983 feet, with operations concluding on October 2. In…
By Ayomide Otitoju The Senate has announced plans to summon key figures and organizations, including the Central Bank of Nigeria (CBN), Nigeria Port Authority (NPA), Nigerian National Petroleum Company Limited (NNPCL), Dangote Group, and Minister of State for Petroleum, Heineken Lokpobiri, over alleged economic sabotage in the country’s petroleum industry. The disclosure was made by…
The Nigerian National Petroleum Company Limited and its Joint Venture partner, Newcross Exploration and Production Ltd., have successfully restarted operations at the Awoba Unit Field, which had been shut down since February 2022 due to evacuation issues and crude oil theft. A press statement on Tuesday by the Chief Corporate Communications Officer, Olufemi Soneye, noted…
The Nigerian National Petroleum Company Limited and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited 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 and operated by First E&P is expected to be…
The Nigeria National Petroleum Corporation Limited and the Ministry of Finance have agreed to remit all their dollar revenues to the Central Bank of Nigeria, CBN, to boost the nation’s External Reserves and foreign exchange flows into the country. The apex bank’s governor, Olayemi Cardoso, disclosed this during his keynote speech at the launching of…