The Nigerian National Petroleum Company (NNPC) Ltd strongly refutes the false and misleading allegations made in a viral online video, which claims that NNPC fuel does not last. In a statement on Saturday by its spokesperson, Olufemi Soneye, the NNPC said this assertion is baseless and entirely unfounded, originating from unverified and amateur research that […]Read More
The Africa Energy Bank (AEB) to be hosted in Nigeria is expected to take off officially by the first quarter of this year, the Minister of State for Petroleum Resources (Oil) said Tuesday. Senator Heineken Lokpobiri made this known while giving a keynote address at the ninth edition of the Sub-Saharan Africa International Petroleum Exhibition […]Read More
The Dangote Refinery, the largest in Africa, is on track to achieve its full production capacity of 650,000 barrels per day (bpd) within the next 30 days. Edwin Devakumar, the refinery’s Vice President, shared this update in an interview with Reuters on Monday. He highlighted the refinery’s progress since it began operations, marking a significant […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has refuted claims of an explosion at the Warri Refining and Petrochemical Company (WRPC). In a statement released on Friday, Olufemi Soneye, NNPC’s Chief Communications Officer, dismissed the reports as “completely false” and assured the public of the refinery’s operational stability. “NNPC Ltd. wishes to clarify that there […]Read More
The Nigerian National Petroleum Company Limited (NNPCL) and First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV) has successfully achieved a 96% reduction in routine flaring of associated gas (AG) from the Anyala (OML 83) and Madu (OML 85) fields. This is a significant stride towards supporting Nigeria’s commitment to reducing greenhouse gas […]Read More
The West African Gas Pipeline Company Limited (WAPCO), owner and operator of the West African Gas Pipeline (WAGP), has suspended the supply of natural gas from Nigeria to Ghana, Benin and Togo following major pipeline maintenance activities from February 5 to March 2, 2025. The company said in a statement that these activities include the […]Read More
PE Energy, a subsidiary of PANA Holdings, has reaffirmed its commitment to supporting Nigeria’s efforts to eliminate routine gas flaring and reduce methane emissions, in alignment with global climate commitments and regulatory frameworks. At COP28 in the UAE, President Bola Ahmed Tinubu underscored Nigeria’s determination to tackle methane emissions, a potent greenhouse gas that constitutes […]Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a stern warning to oil companies, stating that it will deny export permits for crude oil cargoes intended for domestic refining if they fail to meet their domestic crude supply obligations. This announcement was made by Gbenga Komolafe, the Commission’s Chief Executive, in a statement released […]Read More
The Nigerian government has indicated that electricity tariffs may need to increase by over 65% for some consumers to align with the actual cost of power production. Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, told Bloomberg that power tariffs in Nigeria must rise by approximately two-thirds for many users to reflect the […]Read More
Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday, 1st February 2025. The company made this known in a release signed by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, and published on it X (formerly […]Read More
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