Tag: NNPC

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Total Postpones South African Drilling; Nigerian NETCO to Expand to Equatorial Guinea

SOUTH AFRICA According to Reuters, French oil and gas group, Total, through the consultant conducting the environmental and social assessment in Block 11B/12B, SLR Consulting, has written to postpone its...
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NNPC Recorded N234.722b petrol sales in January; Reduction in Pipeline Vandalism

In the January 2021 edition of the Nigerian National Petroleum Corporation's (NNPC) Monthly Financial and Operations Report (MFOR), the national oil company recorded about N234,722,222,150 from the sale of the...
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Bid Winners of Nigeria’s Marginal Oilfield Round Have Started Paying Signature Bonuses

The Nigerian Minister of State for Petroleum Resources, Chief Timipre Sylva, said almost 50% of the companies who won the bid for the fifty-seven (57) marginal oilfields have paid their...
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Transit Gas and NGMC Commissions 18-Km Gas Pipeline System in Ogun State, Nigeria

Transit Gas Nigeria Limited, a subsidiary of Axxela Limited, in partnership with a subsidiary of the Nigerian National Petroleum Corporation (NNPC), the Nigerian Gas Marketing Company Limited (NGMC), has commissioned...
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Over $10 Billion Investment in Energy Infrastructure is Ongoing in Nigeria – NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, announced that there is at least $10 billion worth of investments currently ongoing in the energy sector...
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Heirs Holdings Acquire Nigerian Oil Licence OML 17 Assets for $1.1 billion

Heirs Holdings, in partnership with its affiliated company, Transnational Corporation of Nigeria Plc ("Transcorp"), has announced the unconditional acquisition of a 45% participating interest in Nigeria oil license OML 17...
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NNPC Diversifying Portfolio Beyond Oil Assets – Mele Kyari

Speaking at the Gulf Intelligence "Global" United Arab Emirates Energy Forum 2021, the Group Managing Director of the Nigerian National Petroleum Company (NNPC), Mele Kyari, said that the National Oil...
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Nigeria to Sanction Fuel Marketers who do not Adhere to PPPRA Regulations

Nigeria's Petroleum Products Pricing Regulatory Agency (PPPRA), has cautioned oil marketers and operators in the downstream sector against non-compliance with the terms of the Petroleum Products Commercial Framework Regulations. The PPPRA...
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Nigeria Considering Another Oilfield Licensing Round in 2021 – NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that the Nigerian government may hold another oilfield licensing rounds in 2021, especially in the...
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Nigeria: NNPC and its Partners in Discussions over NLNG Train 8

At a media parley in Abuja, Nigeria, last week, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, said that the oil company is in talks...
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