Oil Firms Not Drilling Except NNPC - Kyari   The Group Managing Director, Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday announced that the decline in the funding of oil investments had virtually led to a halt in the drilling of crude oil by operators...

Cooking Gas: NNPC, Sahara To Construct Jetties To Boost Supply   The Nigerian National Petroleum Company Limited and Sahara Group, through their joint venture business, WAGL Energy Limited, are set to develop and construct jetties across West African countries to boost the supply and penetration of...

FG Spends N1.243trn Monthly As Fuel Subsidy Hits N600/litre   The amount spent as subsidy by the Federal Government on every litre of Premium Motor Spirit, popularly called petrol, consumed in Nigeria is currently above N600, oil sector operators stated on Sunday. Also, the latest PMS evacuation...

NPA Recovers N7bn From NNPC, Pays N45bn Into CRF     The Nigerian Ports Authority (NPA) has recovered N7 billion out of the N30 debts owed by Nigerian National Petroleum Corporation (NNPC). Managing Director of the authority, Mohammed Bello- Koko, said that the Authority had also remitted the...

FG Expects Dangote Refinery To Take Off Q1, 2023   The Nigerian National Petroleum Corporation (NNPC) expects the Dangote Refinery project to take off in the first quarter (Q1) of 2023, its Group Managing Director Mele Kolo Kyari said on the sidelines of the World Gas...

Energy: NNPC, Sahara Group Invest N181bn In Gas Carriers The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group have acquired  two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan, South Korea. The two groups...