Category: Oil & Gas

The Nigerian National Petroleum Company Ltd, NNPC, has released details of how it distributed a total of 502.21 million litres of Premium Motor Spirit, PMS, in one week to bridge the gap. According to NNPC, the petrol, distributed to Nigerians through retail filling stations from February 4th to 10th, 2023, represents an average daily distribution of 71.74 million litres. A […]

About 1.3 billion litres of petrol have been imported into the country. This was revealed by the General Coordinator, South-West, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Ayo Kadoso, on the sidelines of a visit by the Federal Government’s task force team on petrol price compliance to Ijegun tank farms in Lagos. According to him, the 1.3 billion litres of […]

Earlier today, the Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mallam Mele Kyari received in the audience, a delegation from the Petroleum Technology Association of Nigeria (PETAN), led by the Chairman, Mr. Nicolas Odinuwe. Discussion centred on strengthening collaboration towards creating more opportunities for indigenous oilfield service companies in the nation’s Oil & Gas Industry.  

The Nigerian National Petroleum Company Limited (NNPCL) has allocated petrol to marketers directly to ease scarcity. The Independent Petroleum Marketers Association of Nigeria (IPMAN) disclosed on Tuesday. The President, Chinedu Okoronkwo said the order was issued after a closed-door meeting of both parties. It was agreed that IPMAN members should load petrol at NIPCO, MRS, and other assigned depots. The […]

The Nigerian National Petroleum Company Limited on Tuesday announced it has taken over the assets of Addax Petroleum. According to NNPC Limited, this is a result of the termination of the Production Sharing Contract (PSC) relationship between both companies. The Nigerian National Petroleum Company Limited Group Chief Executive Officer, Mal. Mele Kyari, signed the closing documents on behalf of the […]

By Mohammed Baba Busu The government in Niger has constituted a committee to monitor the artificial scarcity of petrol and arbitrary pricing of the product across the state. A statement issued by Alhaji Ahmed Matane, Secretary to the Niger Government in Minna on Tuesday said the directive was given by Gov. Abubakar Sani-Bello of the state. He said that the […]

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have reassured all Nigerians that there is PMS sufficiency of over 1.6 billion litres as of 26th January 2023 both on land and marine. According to a press release on Friday, 27 January 2023 signed by the NMDPRA Corporate Communications department, said that NNPC has additionally made a firm commitment to […]

Nasarawa State is set to join the league of oil-producing states in the country, as the Nigerian National Petroleum Company (NNPC), Limited said the first oil well in Keana will be drilled in March this year. Mele Kolo Kyari, Group Chief Executive Officer, NNPC Ltd disclosed this when Governor Abdullahi Sule led a high-powered delegation on a visit to the […]

What oil production is Nigeria targeting in 2023? Security challenges around oil operations in the country became very manifest early on in 2022 and we took steps to bring back production, which has paid off. In July, net crude oil output, excluding condensates, had dropped to one million barrels, the lowest in the history of our industry. By the end […]