The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset also known as Madu Field. Production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected to be at …

The Senate is probing the financial records of 774 federal agencies including the Nigerian National Petroleum Corporation Limited (NNPCL), and the Nigerian Maritime Administration and Safety Agency (NIMASA), based on the queries raised against them in the 2019 report of the Auditor General for the Federation. The Chairman of the Senate Public Account Committee, Aliyu Wadada, disclosed this on Friday …

Petroleum marketers say the non-availability of Premium Motor Spirit in filling stations located in Lagos and Ogun states is as a result of a shortage in supply. Similarly, the Nigerian National Petroleum Company Limited (NNPCL) confirmed that there were no products in its Apapa depots. Saturday PUNCH reports that long queues resurfaced in filling stations across the two states on …

In an article I wrote some months ago titled, ‘Opportunists, Scavengers and the Attacks on Mele Kyari’, I drew attention to a coordinated attack on the Group Chief Executive Officer of NNPCL Limited, Malam Mele Kyari. At the time, an anti-Kyari campaign had been initiated in the media by certain individuals whose aim was to get the helmsman relieved of …

NNPC Limited on Thursday said it was not planning to increase the cost of Premium Motor Spirit (PMS), popularly known as petrol. In a statement by its Chief Corporate Communications Officer, Mr. Olufemi Soneye, NNPCL urged Nigerians against panic buying of petrol. The statement read: “NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no …

This has nothing to do with the slugfest in Côte d’Ivoire, where Nigeria’s Super Eagles seem airborne. With the exploits of gangling Victor Osimhen and the dribbling wizardry of diminutive Moses Simon, we can only hope that the sing-song endures. The team that started like a stutter seems to be hitting its stride like an elocution. Football duels tempt miracles …

No fewer than seven men appeared before the Federal High Court in Lagos on Monday over an alleged move to tamper with a petroleum product pipeline. The defendants, Godbless Ebi, Saheed Abdulrahman, Gabriel Otovor, Anthony Arubayan, Emmanuel Ajayi, John Adebayo, and Godwin Joseph, were arraigned before Justice Abimbola Awogboro on a two-count charge bordering on conspiracy and unlawfully tampering with …

The Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), Mr Mele Kyari, has assured transport owners that the challenging business environment in haulage of petroleum products across the country would end soon. Kyari, who spoke at the 24th Annual General Meeting/Conference of the Nigerian Association of Road Transport Owners (NARTO), said the company valued the huge contribution made …

NNPC Limited (NNPCL) is now run professionally like an efficient private sector organisation, according to a former Minister of Power, Prof. Bart Nnaji, who is also a major player in the energy industry. An internationally acclaimed engineering researcher in the United States who now runs Geometric Power Limited, Nnaji told a meeting of his company’s executives with their KSE engineers …

Global transparency body, Extractive Industries Transparency Initiative (EITI), has scored the Nigerian National Petroleum Company Limited (NNPCL) very high in its latest global assessment. According to a statement by Chief Corporate Communications Officer NNPC Ltd Olufemi O. Soneye, this was disclosed by EITI’s Deputy Executive Director, Mr Bady Baldé, during a visit by an EITI delegation to the Group Chief …