NNPCL, TotalEnergies Sign $550m Investment Deal for Ubeta Field Project The Nigerian National Petroleum Company Limited (NNPCL) and TotalEnergies JV have announced a $550 million final investment decision for the Ubeta Field Development Project. On Thursday, the duo signed the deal which is expected to yield...

Daily Oil Production Drops to 1.25mbpd – OPEC Nigeria’s daily oil production dipped further to 1.25 million barrels per day in May, a report by the Organisation of the Petroleum Exporting Countries (OPEC) has said. This is despite the claim by the Federal Government and the...

Tinubu's Fuel Subsidy Removal: A Year Of Economy Woe By Erasmus Ikhide IN the massive ruins of the nation's economy, it will be self-abnegation not to acknowledge the fact that the rejection of N62,000 or N100,000 minimum wage by the organized labour unions is direct a...

NNPC Refutes Inflating Petrol Subsidy by N3.3tn The Nigerian National Petroleum Company Limited (NNPCL), on Monday, denied reports that it inflated the subsidy on Premium Motor Spirit, popularly called petrol, by N3.3tn during the administration of former President Muhammadu Buhari. It argued that its subsidy claims...

Kolmani Oil: Reps Probe $3bn Investment, Says NNPCL Flouted Exploration Laws The House of Representatives has resolved to investigate the status of the oil exploration activities of the Nigerian National Petroleum Company Limited (NNPCL) in the Kolmani Oil Field covering Gombe and Bauchi States, alleged...

NNPC, Others Deploy Electric Vehicle Charging Stations The Nigerian National Petroleum Company Limited (NNPCL), Shafa Energy, and Nigus, on Thursday, commenced the deployment of electric vehicle charging points at filling stations in Nigeria. Partners in the deal signed a tripartite Memorandum of Understanding during the flag-off...