NNPC
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Lead Story
NNPC secures $1.2bn Alternative Funding Arrangement for 36 oil wells worth additional $5bn into Federation Account; as Kachikwu projects new deal as template for upstream financing
In a landmark move designed to supplement the Federal Government’s Cash- Call commitment, the Nigerian National Petroleum Corporation, NNPC has…
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SPDC JV declares force majeure on Bonny Light exports
SPDC JV declared force majeure on Bonny Light exports effective August 27, 2015 following the shutdown of both the Trans…
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Business and Economy
NNPC moves to enthrone transparency in award of crude oil lifting contract · Reduces off-takers from 43 to 16 · Extends invitation to Forte Oil, Mobil, others to bid for new OPA
In a novel move to instill transparency and probity in the award of the annual Crude Oil Term Contract, the…
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Lead Story
NNPC cancels contract for delivery of crude oil to refineries · Terminates offshore processing agreements, invites companies for fresh bid · Begins process for engagement of new off-takers for 2015/16 crude oil term contracts
The Nigerian National Petroleum Corporation, NNPC, on Thursday announced new measures aimed at cost reduction and strengthening of operational efficiency…
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Business and Economy
NNPC to explore community based pipeline protection model
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu has hinted that the Corporation may…
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Africa
FG Commits to More Effective Role in OPEC, As Dawha Advocates Need to Protect the Environment for Sustainable Development
The Federal Government under the administration of President Muhammadu Buhari has pledged its commitment to playing more proactive and effective…
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Nigerians generate 2,500MW from diesel, petrol, kerosene – NNPC
Nigerian households and businesses generate 2,500 megawatts of electricity from petrol, kerosene and Automotive Gas Oil (AGO, popularly known as…
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