Oil & gas

NNPC Ltd, partners launch 5LNG plants in Ajaokuta

PRESS RELEASE In furtherance of its efforts to deepen domestic gas utilization, in line with the Federal Government’s Gas Revolution Agenda, the NNPC Ltd and its partners have launched five mini-Liquiefied Natural...

Oil markets unfazed by political turmoil of Trump’s first…

The ramifications of the Biden administration’s sanctions on Russia’s shadow fleet continue to roil oil markets, with the...

NNPC accuses economic saboteurs for Buguma Wellhead fire

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has accused pipeline vandalism of causing the recent fire outbreak...

Oil Prices Drop on Trump’s First Day in Office

On his first day in office, US President Donald Trump signed an executive order to withdraw from the...

Gaza ceasefire halts the oil price rally

Oil prices have stopped rallying as a ceasefire agreement between Israel and Hamas could lead to the end...
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Why NNPCL reduces pump price of Premium Motor Spirit

The Nigerian National Petroleum Company Limited (NNPCL), has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol across its retail...

Why petrol scarcity will end Wednesday – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has promised to resolve the current petrol scarcity by Wednesday. Olufemi Soneye, its Chief Corporate Communications Officer, made...

NNPCL to hit 2m barrels daily crude oil production in 2024

The Nigerian National Petroleum Company Ltd (NNPCL) has set a production target of two million barrels of crude oil per day in 2024.

NNPC increases petrol prices to between N855-N897 per litre…

The Nigerian National Petroleum Company Limited has raised the price of Premium Motor Spirit (PMS) from its former prices of between N568-N617 per litre...

NNPCL-facilitated Afreximbank $3.3bln crude oil pre-payment loan to address nation’s FX challenges – Soneye

The Nigerian National Petroleum Company Limited (NNPCL) has explained the rationale for its intervention in the $3.3 billion crude oil pre-payment loan it signed...

Banire misconceives the facts, promotes biased views – NNPC

By Olufemi Soneye In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become...
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