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Less Than 40% of Nigeria’s Oil Pipelines Operational – NNPC

NNPC Denies Reports of Bribe to NANS, Funding Vote-Buying in Ondo

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      ….Considers Legal Redress against Saharareporters, NairalandNigerian National Petroleum Corporation (NNPC) has refuted reports in a section of the media alleging that it paid...
Nigeria Focuses on Mini Oil Refineries

Waltersmith 5,000bpd Modular Refinery in Imo State for Commissioning Oct 26

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The 5,000bpd modular refinery located in Imo state is scheduled for official commissioning on October 26, 2020, with products truck-out beginning immediately, having concluded...
We’ve reduced loss by 99.7% to N1.7bn – NNPC

We’ve reduced loss by 99.7% to N1.7bn – NNPC

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The Nigerian National Petroleum Corporation (NNPC) says it has achieved 99.7 per cent reduction in its loss profile from N803bn in 2018 to N1.7bn...
The Nigerian National Petroleum Corporation, NNPC, has launched a tender process for fuel supplies in the country. It stated that this falls under the NNPC’s direct sale-direct purchase (DSDP) mechanism. Under this system, NNPC will provide monthly crude oil free on board (FOB) cargoes to suppliers, who shall provide petroleum products in return. In the process, companies must register interest by December 22 at 12 noon for the 2020-21 DSDP process. Documents should be submitted by January 21 and NNPC will open these bids online. The products will be on a delivered at place (DAP) basis, to designated ports in Nigeria. The fuel shall be equivalent in value to the crude oil received from NNPC. Under the ongoing process, three different types of company can participate, and they are Foreign refinery owners capable of processing Nigerian crudes, with a Nigerian affiliate or subsidiary. Also, Globally established traders, with Nigerian affiliates or subsidiaries and indigenous companies working in the downstream with trading expertise are qualified to bid. The DSDP contract will run for 12 months, starting at a yet to be revealed time. Bidders must demonstrate they meet various standards, such as audited accounts and minimum turnover thresholds. They must also meet Nigerian content requirements. The NNPC began the DSDP process in 2016 and expects to continue this until 2023. The Corporation awarded the last round of DSDP contracts in August 2019 and was due to expire in September 2020. However, these 2019-20 DSDP awards were extended by six months. Around 130 companies submitted bids in 2019, with 15 winning bids accepted. These included BP, Vitol, Gunvor and Trafigura, in addition to some local companies such as Sahara Energy and MRS Oil and Gas. NNPC included its own Duke Oil unit in the list of 15.

ANOH Gas Projects to Produce 600MSCFD Equivalent of 2.4GW Of Electricity...

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The Nigerian National Petroleum Corporation, NNPC, has revealed that the Asa North-Ohaji South, ANOH,  gas project is expected to produce 600million standard cubic feet...
NNPC Sells $120.49m Worth of Crude Oil, Gas in September

NNPC to Partner PETROAN to Achieve Deeper Penetration of Compressed Natural...

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Nigeria has said that as a matter of strategy, it would flood filling/service stations nationwide with compressed natural gas before this year end. This it...
National Assembly to Pass PIB into Law in April – FG Says

Nigeria’s New Regulator to Oversee Frontier Exploration in new PIB

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Exploration of frontier basins shall fall under the purview of the Upstream Regulatory Commission, if the Petroleum Industry Bill, under consideration at the National...
NNPC Diversifying Portfolio Beyond Oil Assets – KyariNPC Will Partner Media for Information Sharing on PIB -Kyari

NNPC Will Partner Media for Information Sharing on PIB – Kyari

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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari said that the corporation will partner with the media to...
FG Rolls Out Autogas Scheme Today — NGEP

Autogas Scheme to Create 2m Jobs Annually, Sylva’s Aide

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The Technical Adviser, Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Mr Justice Derefaka  has said that the Federal...
FG Takes Cooking Gas Expansion Programme to Rural Dwellers – Kyari

Deregulation Will Boost Investment in In-Country Refining – Kyari

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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that the deregulation of the downstream sector of the...
National Assembly to Pass PIB into Law in April – FG Says

PIB Outlines Functions of New Agencies to Replace NNPC

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A peep into the Petroleum Industry Bill 2020 shows a list of the specific functions the three agencies that would replace the Nigerian National...
Sahara Energy Invests $450m in LPG Supply in Cote d’ Ivoire in 6yrs

Sahara Energy Invests $450m in LPG Supply in Cote d’ Ivoire...

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Sahara Energy Resource Limited, a member of the energy conglomerate, Sahara Group, has said that since 2014 it ploughed over $450 million into facilitating...
We Won’t Join PENGASSAN Strike – NUPENG

NUPENG shuts Shell’s ERA Field, Threatens Nationwide Strike Over Unpaid Benefits

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Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has called on the Department of Petroleum Resources, DPR; Nigerian National Petroleum Corporation, NNPC; Ministry...
NAPE President Commends NNPC for Intensifying Oil Search in Benue Trough

NAPE President Commends NNPC for Intensifying Oil Search in Benue Trough

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       …says search in Benue attracting attention of IOCsAn expert has confirmed that the exploration of oil in the Benue Trough by the Nigerian...
NNPC Diversifying Portfolio Beyond Oil Assets – KyariNPC Will Partner Media for Information Sharing on PIB -Kyari

Kyari, Others Bag Special African Leadership Commendation Awards

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The African Leadership Magazine has conferred the African Leadership Commendation Award on the Group Managing Mirector of the Nigerian National Petroleum Corporation (NNPC), Mr...
NNPC Sells $120.49m Worth of Crude Oil, Gas in September

Nigeria to Follow Saudi Aramco’s Lead, to Sell Stake in NNPC

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Nigeria is considering selling shares in its state oil company, which dominates Africa’s biggest petroleum industry and has been central to corruption scandals that...
No Oil Spill from Our Funiwa Field – Chevron Says

Partnering with Nigeria through CSR – The Chevron Nigeria Limited’s Experience

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The Nigerian oil and gas industry, Chevron Nigeria Limited is strategic to the overall socio-economic development of the country. It is an industry that thrives...
Why Exploration Activities on Decline in Nigeria – Oguachuba

Why Exploration Activities on Decline in Nigeria – Oguachuba

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Beside the uncertainties created by the non-passage of the 20-year old Petroleum Industry Bill (PIB), the decline in exploration activities in the upstream sector...
Total, Google Cloud Develop Solar Mapper

NNPC, Total, Partners Commission Women and Youth Development Centre in Umuahia

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In continuation of their social corporate responsibility programmes targeted at empowering vulnerable women and youths across the country, NNPC, Total and partners have officially...
NOGOF 2021: Kyari Lists Opportunities in Nigerian Oil & Gas, Power Sectors

NNPC Targets Increased Domestic Gas Use for Balanced Economic Growth

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     …As Kyari Craves Speedy Passage of PIB In keeping with the objectives of the United Nation’s 2030 Agenda for Sustainable Development and the Paris...
National Assembly to Pass PIB into Law in April – FG Says

N/Assembly, Officials of Petroleum Ministry, NNPC, Others in Confab Over PIB

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       …As Buhari presents 2021 budget next weekThe Nigerian National Assembly Joint Committee on Petroleum Resources (Downstream), Petroleum Resources (Upstream) and Gas have reportedly...