Energy articles

NNPC says no product price increase, warns against panic buying

NNPC says no product price increase, warns against panic buying

The Nigerian National Petroleum Corporation wishes to enjoin motorists in Abuja and its environs, and indeed the federation, not to engage in any panic buying of petroleum products. NNPC assures motorists that the Corporation has 1.3billion litres stock of PMS, otherwise called petrol, which is sufficient to serve the nation for more than 38 days.

NNPC/Sahara Energy JV unveil vessels to address LPG supply hiccups

The supply logjam which often impedes stable availability of Liquefied Petroleum Gas, LPG, otherwise called cooking gas, may soon be over. The West Africa Gas Ltd (WAGL), a Joint Venture Company of Nigerian National Petroleum Corporation, NNPC, and Sahara Energy will tomorrow, Tuesday 17 January, unveil two LPG vessels in Ulsan, South Korea which promise

Petroleum products loading resumes at NNPC depots nationwide

Loading Activities have resumed in depots of the Nigerian National Petroleum Corporation, NNPC, nationwide. The resumption of activities at the depots across the nation followed the suspension of a strike action by the National Union of Petroleum and Natural Gas Workers, NUPENG. The Corporation’s current petroleum products stock holding is robust at over 37 days

50 companies bid for NNPC’s boat supply term contract

A total of 50 companies recently submitted bids to partake in the provision of sea worthy Tug boats on charter time basis for the maritime operational requirements of the NNPC in Lagos, Warri and Port Harcourt. The public bid opening event which was held at the Abuja Corporate Headquarters of the Corporation had in attendance

Group General Manager, Group Public Affairs, Nigerian National Petroleum Corporation, Ndu Ughmadu introducing the Chairman House Committee on Petroleum Downstream, Hon. Joseph Akinlaja to the Chief Operating Officer, Upstream, Rabiu Bello and the GGM Corporate Planning and Strategy, Umaru Ajiya during the House Committee Hearing on amendment of the Production Sharing Contract Act in Abuja….Thursday

NNPC proposes increase in oil royalty, scrapping of Investment Tax Credit in PSC Act

The Nigerian National Petroleum Corporation, NNPC, on Thursday proposed some key amendments to the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act to enable the Federal Government optimize the collection of royalties and other revenue in deep water oil production activities. In a presentation to the Joint House of Representatives Committees on the

Oil marketers commend NNPC for hitch-free fuel supply

The Depot and Petroleum Products Marketers Association (DAPPMA) has commended the Nigerian National Petroleum Corporation (NNPC) for ensuring a hitch-free supply of petroleum products across the country during the end of year holiday season. The Chairman of DAPPMA, Mr Dapo Abiodun, gave the commendation on Thursday when he led a delegation of the group’s members

NNPC to intensify stakeholders’ engagement to sustain peace in Niger Delta

The Nigerian National Petroleum Corporation, NNPC, has vowed to continue to find sustainable solution to the challenge posed by insurgency in the Niger Delta. The Corporation said it had created security management platforms that would enable it identify and evaluate risks, develop and superintend implementation of investigations, and aggregate and deploy necessary resources to guarantee

Yuletide: NNPC floods market with Aviation Fuel, assures of 40-day sufficiency of Petrol

In its bid to ensure a hitch-free air travel across the country during and after the yuletide period, the Nigerian National Petroleum Corporation (NNPC) has flooded the market with Aviation Turbine Kerosene (ATK) popularly called aviation fuel. The Group Managing Director of the Corporation, Dr. Maikanti Baru, who disclosed this in Abuja today said the

NNPC boss, Baru, Baru Bags PETAN Distinguished Leadership Award, restates commitment to local content

The Nigerian National Petroleum Corporation has reiterated its commitment to comply with the nation’s local content laws so as to further strengthen in-country value addition in the oil and gas industry. Group Managing Director of the Corporation, Dr. Maikanti Kacalla Baru disclosed this while speaking at the 2016 Oil Industry Achievement Awards & Dinner organized

Police uncovers illegal oil depot in Lagos

The Lagos State Police Command on Thursday uncovered an illegal oil depot located underneath the Oregun-Opebi Link Bridge in Onigbongbo Local Government Area of the State, arresting eight suspects in the process. The illegal oil depot was uncovered during a joint raid by men of the Lagos Police Command and the Rapid Response Squad (RRS),

NNPC to give greater priority to environmental preservation

The Nigerian National Petroleum Corporation (NNPC) will give more emphasis on the preservation of the environment in its business operations for sustainable profitability. The Group Managing Director of the NNPC, Dr. Maikanti Baru stated this while delivering the keynote address at the 2016 Health, Safety and Environment (HSE) week with the theme: “HSE Best Practice

224 Companies bid for Nigerian crude grades

The gale of transparency in the operations of the Nigerian National Petroleum Corporation, NNPC, was sustained on Thursday with the public opening of 224 bids submitted by companies seeking to purchase and lift Nigerian crude oil grades for the period 2016/2017. Successful companies would participate in the lifting of about 700, 000 barrels per day

Avengers blowup Nembe Trunk 1, 2 and 3 Lines

In a release on their website , the militant group claimed to have blownup three major pipelines on the export network of the oil industry. Coming at a time when the nation is grappling to meet its OPEC, this attack is bound to hit the nation’s finances badly. Produced below is the text of

NNPC appoints, redeploys management staff

The Nigerian National Petroleum Corporation, NNPC has announced the appointment and redeployment of Top Management staff across board in a major exercise designed to reflect operational realities and ensure sustained performance and profitability. In a podcast to members of Staff, Group Managing Director of the Corporation, Dr. Maikanti Baru said that the changes were informed

Niger Delta leaders present 16-point demand to Buhari, want oil firms relocated

Leaders of the Niger Delta region have presented a 16-point demand to President Muhammadu Buhari, handing out proposals they say would help restore peace to the oil-rich region. The demands were presented Tuesday at a meeting between the leaders and the president. Governors and ministers from the region, alongside political leaders including Edwin Clark and

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