NNPCL

The quarterfinal matches of the 2024 Nigeria Oil and Gas Industry Games preliminaries will be held on Friday at the Shell Residential Area, Port Harcourt. After winning Group 1 with maximum points, the defending champions of the football event of the Nigeria Oil and Gas Industry Games, NNPCL will open the knockout rounds of the preliminaries with a clash against TotalEnergies, who finished as runners-up in Group 3. The other match that will also be held simultaneously is that between NMDPRA and ExxonMobil.…

The Nigerian National Petroleum Company Limited (NNPC) says it is seeking private companies for the operation and maintenance of its Port Harcourt refinery in Rivers State. The NNPC disclosed this on Monday in a post on X. The Nigerian government, in 2023, resumed rehabilitation of three of its four refineries – Warri, Kaduna and Port Harcourt refineries. The country’s Minister of State for Petroleum, Heineken Lokpobiri, would later raise the hopes of many Nigerians when he said the Port Harcourt Refinery would…

The Nigerian Extractive Industries Transparency Initiative (NEITI) on Thursday said the federal government revenue-generating agencies remitted a total of about N14.38 trillion as revenue from the extractive sector to the Federation Account (FA) between 1 January 2020, and 31 December 2021. The Deputy Director/Head of Communications and Stakeholders’ Management at NEITI, Obiageli Onuorah, in a statement on Thursday, said the revenue-generating agencies include the Nigerian National Petroleum Company Limited…

The Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June. The News Agency of Nigeria (NAN) reports that FAAC had on Thursday shared N907 billion among the three tiers of government. From the money shared, NNPCL contributed N81 billion as a monthly interim dividend and N42 billion as 40 per cent oil Production Sharing Contract (PSC) profit totaling N123 billion. The…

The Nigerian National Petroleum Company Limited (NNPCL) on Thursday signed a Heads of Terms (HoT) agreement with UTM Offshore Limited for the construction of the nation’s first indigenous floating liquified natural gas (LNG) project. The signing of the agreement took place at the NNPC headquarters in Abuja. In a statement by Garba Deen Muhammad, the chief corporate communications officer of the company, NNPCL said the agreement is a step towards bolstering Nigeria’s energy security and promoting the utilisation…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has restated plans to issue its Initial Public Offer (IPO) to investors very soon. The Group Chief Executive Officer (GCEO) of NNPC Ltd, Mele Kyari, said this at the 22nd edition of the 2023 Nigeria Oil and Gas (NOG) Energy Conference and Exhibition on Tuesday in Abuja. The News Agency of Nigeria (NAN) reports that the theme of the conference is, “Powering Nigeria’s Sustainable Energy Future.” Mr Kyari while speaking on ”Redefining Nigeria’s Energy…

The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday approved an upward review in the pump price of petroleum nationwide. The approval takes effect from Wednesday, 31 May, the NNPCL said in a circular on Wednesday. The development comes days after the government’s declaration that it will put an end to the fuel subsidy regime. Fuel queues returned to Nigerian cities Monday as many motorists scrambled to get petroleum products hours after President Bola Tinubu announced that the government would…

The Nigerian Gas Marketing Ltd (NGML), a subsidiary of Nigerian National Petroleum Company Limited (NNPCL), on Tuesday, commissioned 150 million standard cubic feet per day (mmscfd) natural gas city gate facility in Ibefun, Ogun State. The NNPCL disclosed this on Wednesday via its verified Twitter handle. The project was launched in partnership with Transit Gas Nigeria Limited (TGNL). According to NNPCL, the facility is expected to supply natural gas to industrial and commercial clusters in Ogun State and other…

Reader survey As a reader of PREMIUM TIMES, your opinion matters. Please take our survey to help us better understand the values and preferences of our readers. Your feedback will give us valuable insights into how we can tailor the different types of content we offer to meet your needs. The survey should only take about 6-8 minutes to complete. Click here to take it. The Nigerian National Petroleum Company Limited on Wednesday signed an agreement with a Norwegian company, Golar LNG (GLNG), to build a…

Reader survey As a reader of PREMIUM TIMES, your opinion matters. Please take our survey to help us better understand the values and preferences of our readers. Your feedback will give us valuable insights into how we can tailor the different types of content we offer to meet your needs. The survey should only take about 6-8 minutes to complete. Click here to take it. The Nigerian National Petroleum Company Limited (NNPCL) on Monday said the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project is almost at 70…