An official statement from the Federal Government of Nigeria has been issued to explain the current fuel shortages in the country. According to the government, it identified extremely high levels of methanol in one of its public supplies but claimed that it had been...

The Nigerian National Petroleum Corporation (NNPC) Limited reported earnings of $224.29 million (about N93.424 billion) from crude oil and gas exports in August, 2021, as compared with $191.26 million (N79.7 billion) in July, 2021. A breakdown of the figures captured in the August, 2021, NNPC...

NNPC Adopting Three Strategies To Carbon-neutral Economy - Kyari   The Nigerian National Petroleum Company Limited is adopting three strategies to achieve a carbon-neutral economy and reduce global warming as well as other effects of climate change in Nigeria. The Group Managing Director, NNPC, Mele Kyari, said...

Reps Move To Transfer Assets Of Defunct NNPC To NNPC Ltd   The House of Representatives Ad hoc Committee set up to ascertain the total inventory, assets, interests and liabilities of the Nigeria National Petroleum Company Limited is to meet with the Chief Executive Officer of...

Reps Subsidy, Refineries Repairs’ Panel May Invite NNPC, Marketers   The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has begun investigation of the current state of the country’s four refineries and the amounts spent on the ‘Turn-Around Maintenance’ of the...

Senate Pledges To Back NNPC’s Frontier Exploration   The Senate Committee on Petroleum Resources (Upstream) has said it will look into the issue of funding for frontier exploration in order to ensure that the objective of boosting exploration and production in frontier basins in the next...