Garlands for GMD, NNPC, Mele Kyari at 56
By Udeme Akpan, Energy Editor With the outbreak of the Coronavirus pandemic, and lockdown, economic activities contracted significantly, leading to low demand for crude oil and dwindling prices, thus putting pressure on oil and gas companies and other stakeholders to put on their thinking caps, required to drive operations. Take the Mallam Mele Kyari-led Nigerian […]
NNPC to sell fuel to marketers at N153.17 per litre online
By Michael Eboh The Nigerian National Petroleum Corporation, NNPC, Friday, disclosed that despite the increase in the Ex-depot price of Premium Motor Spirit, PMS, to N155.17 per litre by its subsidiary, the Petroleum Products Marketing Company, PPMC, oil marketers who patronise its online platform would purchase the product at N153.17 per litre. In a statement […]
$21.686B NLNG Fund: Reps angry over NNPC’s rejection of summons
By Tordue Salem, Abuja The House of Representatives Committee on Public Accounts is piqued by the refusal of the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari to respond to appear before the House and answer to the audit query issued to the Corporation by the Auditor General of the Federation […]
NNPC/FIRST E&P JV achieves in OMLs 83/85 – October 2020
The Nigerian National Petroleum Corporation (“NNPC”) and FIRST Exploration and Petroleum Development Company (“FIRST E&P”) Joint Venture is pleased to announce the commencement of oil production from the Anyala West field in Oil Mining Leases (OMLs) 83 & 85. OMLs 83 & 85 are in the shallow waters offshore Bayelsa State (Nigeria) where FIRST E&P […]
Do not switch off the AIS in Nigerian waters, NNPC warns
By Godwin Oritse, with agency report Nigerian National Petroleum Corporation, NNPC,has issued a notice warning its clients and other stakeholders that the Nigerian Navy will investigate, and will arrest ships that switch off their Automatic Identification system, AIS, when operating in Nigerian waters. It further reminds masters of their obligations under SOLAS Reg.V/19 to maintain […]
2019 Financials: Value of NNPC’s oil, non-oil assets grew by 19% to N4.67trn
By Michael Eboh The net asset value of the Nigerian National Petroleum Corporation’s, NNPC, oil and non-oil assets appreciated by 18.53 per cent to N4.67 trillion in 2019, from N3.94 trillion recorded in its 2018 financial year. NNPC’s oil and non-oil assets, according to its recently published 2019 Audited Financial Statement, included evaluation and exploration […]
