The Managing Director/CEO of 11PLC, Tunji Oyebanji, has outlined two critical areas presenting opportunities for growth and development in Nigeria’s oil and gas sector if properly administered in 2025 and beyond. Oyebanji, speaking to shareholders at the company’s 47th Annual General Meeting held at the Abuja Continental Hotel, FCT, Abuja highlighted the enormous growth trajectory […]Read More
The Nigerian Liquified Natural Gas Limited (NLNG) is hoping on improved gas supply as the company opens talk with Seplat Energy. The NLNG has suffered supply hitches following theft in oil and gas production sector, is set to see gas supplies jump once a deal with Seplat Energy goes into effect, according to Bloomberg. Under […]Read More
The newly appointed leadership of the Nigerian National Petroleum Company (NNPC) Limited has outlined an ambitious strategy to attract sectoral investments totalling $30 billion by 2027, with a long-term goal of reaching $60 billion by 2030. The state-owned energy giant is also setting its sights on increasing Nigeria’s crude oil output to over 2 million […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has refuted claims of an explosion at the Warri Refining and Petrochemical Company (WRPC). In a statement released on Friday, Olufemi Soneye, NNPC’s Chief Communications Officer, dismissed the reports as “completely false” and assured the public of the refinery’s operational stability. “NNPC Ltd. wishes to clarify that there […]Read More
The Nigerian National Petroleum Company Limited (NNPCL) and First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV) has successfully achieved a 96% reduction in routine flaring of associated gas (AG) from the Anyala (OML 83) and Madu (OML 85) fields. This is a significant stride towards supporting Nigeria’s commitment to reducing greenhouse gas […]Read More
The Nigerian National Petroleum Company (NNPC) Limited have launched five mini-Liquiefied Natural Gas (LNG) Plants in Ajaokuta, Kogi State. The Plants, launched alongside partners, have a combined capacity of 97 million standard cubic feet of gas per day (mmscf/d). NNPC stated that this furthers its efforts to deepen domestic gas utilisation, in line with the […]Read More
Mele Kyari, the Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, announced on Wednesday that the state-owned oil company has contributed ₦10 trillion to the federation account. He highlighted that this achievement makes NNPC the highest taxpayer in Nigeria and the only company in the country that consistently publishes 100% of its […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has announced that the Port Harcourt Refinery, with a capacity of 150,000 barrels per day (bpd), and the Kaduna Refinery are undergoing extensive rehabilitation to achieve world-class operational standards. This was revealed in a statement issued by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., in response […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has announced a major operation targeting oil thieves, resulting in the seizure of 63 illegal refineries within just one week. In its weekly documentary series “Energy and YOU,” NNPC reported that efforts to combat oil theft had led to the successful confiscation of these illegal refineries. Between August […]Read More
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