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Mele Kyari, GCEO, NNPC The Nigerian National Petroleum Company (NNPC) Limited weekend announced its intention to utilize the $3.3 billion loan obtained from the African Export-Import Bank to meet its operational needs and pay upfront…
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The Dangote Petroleum Refinery is to supply fuel to about 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria, IPMAN, after a meeting between the management of the refinery and executives of…
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The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kolo Kyari, has stated that despite the attendant economic challenges, the removal of fuel subsidy has thus far liberated the…
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Energy giant Shell has committed to divesting its onshore oil and gas assets in Nigeria for $2.4 billion, indicating a strategic move away from onshore oil production. A consortium, led by the Nigerian independent energy firm…
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For the month of December, Nigeria’s average daily crude oil production reached 1.418 million barrels from the 1.31 million barrels recorded in the month of November. This represents an increase of 100 tb/d from what was recorded in…
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The recent uptick in Bonny Light oil prices to $79.08 per barrel, up from $76 per barrel over the weekend, brings a sense of optimism for the successful implementation of Nigeria’s 2024 budget. This surpasses the budget benchmark price…
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*Recovers 1.9m Barrels Of Crude Oil, 170 Million Liters Of Diesel, 650,000 Liters Of PMS From Crude Oil Thieves From 2021 till date, the Command and Control Centre of the Nigerian National Petroleum Company Limited has assisted in…
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Global oil demand will grow by 2.2 million barrels per day, in 2024, the Organization of the Petroleum Exporting Countries forecast in its monthly report Wednesday, unchanged from its previous projection. Growth in 2025 is seen at 1.8…
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Eterna Plc; a leading integrated energy provider in the country, has announced a major milestone in the energy industry as an official domestic sales distributor of Dangote Petroleum Refinery products in Nigeria. This appointment…
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On Monday, the Nigerian Naira traded higher after Africa Export-Import Bank (AfreximBank) syndicated foreign currency (FCY) loans backed by oil entered the economy months after they were initially announced. The naira recovered…
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