Nigeria National Petroleum Corporation NNPC Archives

NCDMB, output cut, Petroleum Industry Bill to be passed by mid-2020, says Sylva, FG discovers crude oil in north, says there’s more , OPEC, non-OPEC countries to meet as Saudi, Russia price war affects Nigeria’s budget, FG considers fuel price reduction, OPEC deal: Nigeria to generate additional $2.8 billion revenue as FG reacts

FG ready for OPEC talks, as brent crude risk plunging to single digit low

The Federal Government has expressed its readiness for talks with other Organization of Petroleum Exporting Country (OPEC) member states

reserves, Nigeria Crude Oil Prices, Nigeria wants international oil companies to pay up now , Trade conflict between United States, China continues to affect oil prices, Global oil prices rally to $69.16, as Soleimani killed in US air strike, Crude oil prices continue to rise on the backdrop of US-Iran tension, Coronavirus projected to affect crude oil demand negatively , Worry, as Coronavirus threat pushes oil price below budget benchmark, Coronavirus: FG to review budget as oil price plunges, BOOM: Crude oil price crash below $30 in worst trading day since 1930,Bears ravage Global market, Brent Oil surges 10% trading at $27.29 per barrel, Crude Oil up 10% as Brent crude raises to $27 per barrel, Oil market crisis – possible production shutdown looms, The time crude oil became cheaper than water,, Brent crude surges past $40, analyst recommends investment in crude oil derivatives, Nigeria's Bonny light hit four months high, Nigeria's Bonny light hit four months high

Business News6 months ago

PMS subsidy rises to N47.5/litre

The Federal Government subsidy on Premium Motor Spirit, popularly known as petrol, has risen to N47.5 per liter, as the crude oil price increased to $67.86...

NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration , NNPC, IPPG donate medical supplies to South West state governments, NNPC discloses bases for employment and managerial progression in the oil firm, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel

Business8 months ago

Oil exploration breakthrough in Gongola opens up new frontiers

NNPC drilling crew working at Kolmani River-II in Gongola Basin encountered hydrocarbon outflow to the wellhead while testing

Business News10 months ago

Oando PLC Announces Significant Gas & Condensates Discovery

Oando Energy Resources (OER) is pleased to announce that the NNPC/NAOC/OANDO Joint Venture (NNPC 60%, Oando 20% and NAOC the operator 20%)

Paid Content10 months ago

NNPC/NAOC/OANDO JV Makes Significant Gas and Condensates Discovery in Nigeria

NAOC, an affiliate of Italian corporation, Eni has made significant gas and condensates discovery onshore in the Niger Delta through its joint venture with NNPC and...

global oil market, Bonny Light and Brent crude oil, Arthur Eze, Nigeria cuts crude oil production to 1.77mbpd, Nigeria wants international oil companies to pay up now , OPEC+ deal gets a boost as Russia and Saudi Arabia consider further output cut, 4 key reasons why Brent crude might slip back to $35 per barrel, How substantial is compliance for the Oil market?

Business News11 months ago

Here is what you need to know about Bonny Light & Brent Crude Oil

Bonny Light Crude Oil (BLCO) is a high grade of Nigerian crude oil produced in the Niger Delta basin and named after the city of Bonny.

ABCON shakes the table, Nigeria imported, Petrol import drops as importation of cooking gas increases by 21%

Business News11 months ago

Nigeria imported 5.6 billion litres of Petrol in Q2 2019, up by 5%

Nigeria imported 5.61 billion litres of premium motor spirit (petrol) in the second quarter of 2019. According to the NBS [@nigerianstat] report, the volume of petrol...

NNPC targets 40 billion barrels crude oil reserves by 2025

Business News11 months ago

NNPC targets 40 billion barrels crude oil reserves by 2025

The Nigerian National Petroleum Corporation (@NNPCgroup) has revealed that it will increase Nigeria's crude oil reserves to 40 billion barrels by the year 2025.

NNPC explains why kerosene price is not stable

Business News11 months ago

NNPC ‘has no plan’ to relocate NGC

NNPC has dismissed reports that it plans to relocate the headquarters of the Nigerian Gas Company, a subsidiary of the oil corporation, from its present location...

Business News11 months ago

NNPC to extend trade relations with Turkey

The Nigerian National Petroleum Corporation (@NNPCgroup) has stated its desires to extend the trade dealings between Nigeria and the Republic of Turkey.