NNPC to Review Pricing Regime For Crude Oil Traders
The Nigerian National Petroleum Company Limited (NNPCL) will review how its crude cargoes are priced from January 2024.
A report by Bloomberg quoting a circular by the company stating that the new product pricing would be against...
Nigeria’s Rig Count Drops by 13%
Nigeria’s rig count, a major index of measuring activities in the upstream sector, dropped month-on-month, MoM by 13.3 percent to 13 in October 2023, from 15 recorded in the preceding month of September 2023.
This showed that there was limited...
Cooking Gas Price Hike: NLNG Faults Market Forces, External Factors
The Nigerian Liquefied Natural Gas Company Limited (NLNG) has denied responsibility for the recent price hike in the country’s cooking gas.
In a statement, NLNG’s General Manager, External Relations, Andy Odeh, described media reports insinuating that...
NNPCL Unveils New Crude Grade
The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday said it had launched a new crude oil grade ‘Nembe’, and had shipped its first cargo in October consisting of two 950,000 barrels.
A report by Reuters quoting the executive director of...
NNPCL to Supply Crude to Dangote Refinery in December 2023 - Report
Nigerian National Petroleum Company Limited (NNPCL) will supply crude oil to Dangote Refinery in December 2023.
This is according to a November 2 report by Reuters.
In the report, it was stated that NNPCL plans...
Rainoil Boss: Increased Crude Oil Production Will Boost Nigeria’s Economy
Nigeria must increase crude oil production to boost its economy, the Managing Director, Rainoil Limited, Gabriel Ogbechie has said.
Ogbechie, who made the remarks at a panel session at the just concluded National Economic Summit at...
