NNPC records $470m oil, gas export sales in August

The Nigerian National Petroleum Corporation (NNPC) on Wednesday disclosed that its crude oil and gas export sale in August 2018 generated $470 million, indicating an increase of about $78 million when compared to the $391.91million it raked in July. The corporation’s Monthly Financial and Operations Report for August 2018 published by the corporation’s Group General […]

Shell, ExxonMobil seek crude swap deals with Nigeria

The , Nigerian National Petroleum Corporation’s (NNPC’s) Chief Operating Officer for Upstream Sector, Bello Rabiu on Monday hinted that Shell Petroleum Development Company (SPDC) and ExxonMobil could sign crude-for-product deals with the corporation if ongoing discussions on deal were finalized. The two exploration and production (E & P) companies had exited Nigeria’s downstream sector a […]

Natural gas production up 8.8% in July

A total of 230.35 Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17 Million Standard Cubic Feet (mmscfd), NNPC Monthly Financial and Operations report for July 2018 has stated. The volume represents 8.81 per cent increase compared to the previous month of June […]

NNPC, BP seal PMS supply agreement

The Nigerian National Petroleum Corporation (NNPC) on Thursday signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s (BP) trading arm, BP Oil International Ltd, for the supply of Premium Motor Spirit (petrol). This latest agreement will represent 20 percent of NNPC’s total PMS supply under the DSDP arrangement, which basically allows the […]

NPDC achieves 100% local content in Oredo gas facility project

The Nigerian Petroleum Development Company (NPDC), an upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), has achieved a 100 percent local content input in the development of Oredo Integrated Gas Handling Facility. NNPC’s Group Managing Director, Dr. Maikanti Baru, gave this hint Wednesday during a tour of the NPDC’s Oredo Flow Station, Oredo Gas-to-Pan-Ocean […]

NNPC refutes negligence insinuations over Abia pipeline explosion

The Nigerian National Petroleum Corporation (NNPC) has refuted the allegation that negligence on its part caused the oil pipeline fire incident on Friday last week in Umuaduru and Umuimo communities in Osisioma Ngwa Local Government Area of Abia State. A statement by the NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in […]

NNPC denies having $3.5bn subsidy fund in its custody

The Nigerian National Petroleum Corporation (NNPC) has disclaimed the insinuation that it has in its custody $3.5billion subsidy fund. NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, in a release today in Abuja, explained that at the hit of the shortage of products supply at the close of last year, the National […]

NNPC embarks on multibillion healthcare venture to curtail medical tourism

The Nigerian National Petroleum Corporation (NNPC) has teed-off a major national healthcare intervention project designed to halt medical tourism to foreign destinations through the provision of state-of-the-art hospitals and diagnostic centres across the country. Details of the medical venture plans, published in the Q3 2018 Edition of the NNPC Magazine, indicated that the corporation has […]

Don’t panic-buy, FG is addressing NLC strike issue – NNPC tells Nigerians

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has appealed to motorists and other consumers of petroleum products across the country not to engage in panic buying of products over the Nigeria Labour Congress (NLC) planned industrial action. Baru said the Federal Government was seriously engaging the NLC on […]

Proposed strike: NNPC urges restraint by oil workers

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged oil workers under the auspices of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), to halt their planned industrial action over a labour dispute involving […]