Tag Archives: NNPC

In a landmark move designed to supplement the Federal Government’s Cash- Call commitment, the Nigerian National Petroleum Corporation, NNPC has secured a $1.2 bn multi-year drilling financing package for 36 Offshore/Onshore Oil wells under the NNPC/Chevron Nigeria Limited Joint Venture. A statement by Ohi Alegbe, Group General Manager,Group Public Affairs …

SPDC JV declared force majeure on Bonny Light exports effective August 27, 2015 following the shutdown of both the Trans Niger Pipeline (TNP) and Nembe Creek Trunkline (NCTL). A leak was reported on the TNP at Oloma in Rivers State, while the NCTL is shut down for the removal of …

In a novel move to instill transparency and probity in the award of the annual Crude Oil Term Contract, the Nigerian National Petroleum Corporation, NNPC, on Thursday mapped out measures to execute the 2015/2016 award of contract to companies for the evacuation of Nigeria’s crude oil equity from the various …

The Nigerian National Petroleum Corporation, NNPC, on Thursday announced new measures aimed at cost reduction and strengthening of operational efficiency across its value chain. The NNPC in a release stated that after proper evaluation and in line with the terms of contract for the delivery of crude oil to the …

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu has hinted that the Corporation may settle for the option of community based policing to protect the vast artery of oil and gas pipeline network across the country. Speaking while receiving Ambassador Perry John Calderwood the …

The Federal Government under the administration of President Muhammadu Buhari has pledged its commitment to playing more proactive and effective roles in the affairs of the Organization of the Petroleum Exporting Countries, OPEC. Speaking in Vienna, Austria at the ongoing OPEC International Seminar, Head of Nigeria’s Delegation to the 167th …

Nigerian households and businesses generate 2,500 megawatts of electricity from petrol, kerosene and Automotive Gas Oil (AGO, popularly known as diesel), according to an analysis by the Nigerian National Petroleum Corporation (NNPC). Speaking at a special session in the recently concluded 2015 Nigeria Oil and Gas (NOG) Conference in Abuja, …