Category: Oil & Gas

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is working in collaboration with the U.S. Department of State Bureau of Energy Resources (DOS-ENR) under the Energy and Mineral Governance Program (EMGP) and Deloitte, as the implementing partner to meet its net-zero carbon goals by embarking on a project aimed to reduce greenhouse gas (GHG) emissions through methane abatement plans and […]

…Felicitates Temile Devt. Company on Acquisition of LPG Carrier The Nigerian National Petroleum Company Limited (NNPC Ltd.) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. In a statement on Tuesday, 30th January 2024 signed by the Chief Corporate Communications Officer NNPC Ltd., Abuja, Olufemi O. Soneye, […]

…. As Kyari Insists No Public Fund Withheld Global transparency body, Extractive Industries Transparency Initiative (EITI), has scored the Nigerian National Petroleum Company Limited (NNPC Ltd.) very high in its latest global assessment. This was disclosed by EITI’s Deputy Executive Director, Mr Bady Baldé, during a visit by an EITI delegation to the Group Chief Executive Officer of the NNPC […]

The Nigerian National Petroleum Company Limited (NNPCL) increased its revenue profile by 37.2 per cent, from N6.42 trillion in 2021 to N8.81 trillion in 2022, its latest Audited Financial Statement (AFS) released on Friday revealed. The national oil company disclosed this in its audited financial statements for the 16 months ending December 2022. According to the report, the group’s profit-after-tax […]

There has been a lot of interest from the public and stakeholders in recent weeks regarding the $3.3 billion crude oil pre-payment loan, also known as Project Gazelle. This is a financing agreement secured by NNPC Limited to prepay future royalties and taxes to Nigeria. Project Gazelle is a crude oil-backed, forward sale structured finance facility sponsored by NNPC Limited, […]

In a bid to fast-track the process of achieving the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline, the Federal Government has intensified discussions with the Kingdom of Morocco. In a statement on Thursday, 25th January 2024 signed by the Chief Corporate Communications Officer, NNPC Ltd. Abuja, Olufemi O. Soneye, said that the discussion held on Wednesday, 24th January […]