OML 118: NNPC, SNEPCo, Others Sign Multi-billion Dollars Pact       The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL) and...

FG Says No Fuel Price Hike in June The Federal Government has assured Nigerians that there would be no fuel price increase in the month of June. Minister of State for Petroleum Resources Chief Timipre Sylva disclosed this in a statement personally signed by him and made...

Negotiation On Petrol Price Still Ongoing - NNPC       The Nigerian National Petroleum Corporation (NNPC) yesterday said state governors do not run the affairs of the corporation, stressing that negotiation to determine a new pump price of petrol was still ongoing between the organised labour and...

$100m Lost As NNPC Gives Bunkering Service To Foreigners - SOAN       Shipowners Association of Nigeria (SOAN) has said that $100 million is lost to capital flight as the Nigerian National Petroleum Corporation (NNPC) recently contracted coastal and bunkering vessel services to a foreign shipping company,...

NNPC Submits P/Harcourt Refinery To Contractor For Repair       The Nigerian National Petroleum Corporation (NNPC) yesterday handed over the Port Harcourt Refineries Companies (PHRC) to the contractor, Tecnimont SPA for its rehabilitation. The Group Managing Director, Malam Mele Kyari who disclosed this at the kick off meeting...

NNPC Sells N267bn Crude Oil, Maintains 1.42m bpd Output       The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood at 1.42 million barrels per day in the first quarter of 2021, a document presented to...