By Emmanuella Anokam The Nigerian National Petroleum Company (NNPC) Limited says it recorded a profit of N2.548 trillion in 2022. The national oil company in its 2022 Financial Performance Report posted online described the profit as the highest since its inception in 1977. The financial report stated that it recordedContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company (NNPC) Limited has gifted N200,000 Premium Motor Spirit (PMS) voucher to a lady identified as ‘Mummy Zee’ after being mocked online for waking up to cook for her husband at 4:50 a.m. NNPC Ltd. disclosed this on Saturday in a tweet sharedContinue Reading
By Emmanuella Anokam A Chinese firm, Beijing Zhogmin Xinjunlong New Energy Technology Company Ltd. and NIGUS International, a Nigerian firm, have signed a $1 billion agreement to fund and develop gas flaring solutions for Nigeria. The News Agency of Nigeria (NAN) reports that the pact signing held on Friday inContinue Reading
By Emmanuella Anokam, News Agency of Nigeria (NAN) With over 200 trillion cubic feet (tcf) Nigeria has the largest gas reserves in Africa. It is ranked 9th globally. Given our high dependence on oil and gas for industrial and domestic energy the global transition from carbon fuel to sustainable energyContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company (NNPC) Ltd. says there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. The NNPC Ltd, in a statement by its Chief Corporate Communications Officer, Mr Olufemi Soneye, on Wednesday, urged Nigerians to disregard unfoundedContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rolled out its action plan for 2024 and near term 2024 to 2026 while highlighting regulatory actions to be implemented in furtherance of its mandate. The Commission’s Chief Executive (CCE), Mr Gbenga Komolafe, in a statement on Monday saidContinue Reading
By Emmanuella Anokam Some Oil and Gas Experts have said that the coming on stream of both Port Harcourt and Dangote refineries may lead to some marginal reduction in the cost of petroleum products and not a significant price crash. The experts made this known in an interview with theContinue Reading
By Emmanuella Anokam The Federal Government says re-streaming the Port Harcourt Refinery will increase supply of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, and automatically halt importation. The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, said this on Thursday during an inspection of facilities at the PortContinue Reading
By Emmanuella Anokam The Federal Government on Thursday announced the mechanical completion and flare start off of the Port Hacourt Refining Company Limited (PHRC). Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil) disclosed this on Thursday in Port Harcourt during a media tour on the refinery which rehabilitation commencedContinue Reading
By Emmanuella Anokam Mr Mele Kyari, the Group Chief Executive Officer (GCEO), Nigerian National Petroleum Company (NNPC) Ltd., says the company will utilise Nigeria’s abundant gas resources to revolutionise the nation’s power and industrial sector. Kyari said this in Abuja at a Shareholders Agreement (SHA) signing between the NNPC Ltd.,Continue Reading
