The Nigerian National Petroleum Company Limited (NNPCL) reported 188 cases of oil theft between August 24 and 30, 2024, with incidents spread across the Niger Delta. Key findings include:1. Illegal Re...
The federal government alongside the NNPCL recently announced the completion of the rehabilitation work on the Area-5 Plant of the Port Harcourt Refining Company in Rivers State.The facility is expect...
The House of Representatives has announced that it would move to investigate the loss of over $60 billion in revenue due to the alleged inflated cash calls by the Nigerian National Petroleum Company L...
On Monday, Fox Petroleum Group announced that for the next three years, it will fund $7.5 billion into the Nigerian National Petroleum Company Limited (NNPCL) to boost oil production in the upst...
On Monday, September 25, the Nigerian National Petroleum Company Limited (NNPC) and the Nigerian Content Development and Monitoring Board (NCDMB) signed a Memorandum of Understanding (MoU) with the in...
The Nigerian National Petroleum Company Limited (NNPC) has decided to sack its top management staff who have less than 15 months to retire from the company.This development came days after the company...
The Nigerian National Petroleum Corporation (NNPC) recently announced the appointment of Olalekan Ogunleye as the new Executive Vice President for the upstream, downstream, and gas sectors.Previously,...
The Nigeria Extractive Industries Transparency Initiative (NEITI) recently announced its oil and gas report. The data showed the total unremitted revenues to the federation by some government companie...
On Monday, the price of crude oil rose to a barrel costing $95 and beyond. Brent crude increased by 0.38% to settle at $94.30 a barrel as of 11.14 WAT, while US West Texas Intermediate crude increased...
During the weekend, the Nigerian National Petroleum Company Limited, NNPCL signed a Memorandum of Understanding (MoU) with Indorama Energy PTE Limited to reach a supply of about 800 million cubic feet...