KEY POINTS Fuel queues have returned to Nigeria’s biggest cities, Lagos and Abuja, ending months of relative stability in the country’s volatile downstream market. Motorists spent hours searching for petrol …
NNPC
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KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited has tapped U.S. energy technology giant Honeywell UOP to carry out a detailed evaluation of the long-idle Port Harcourt refinery, a …
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In the NewsOil & Gas
NNPC, TotalEnergies Ink Landmark Deepwater Deal as Nigeria Opens Oil, Gas Frontier
KEY POINTS The most important deepwater oil and gas deal in over ten years was signed by Nigeria with France’s TotalEnergies and local partner South Atlantic Petroleum, Sapetro, in a …
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KEY POINTS “The Nigerian National Petroleum Company Ltd., NNPC, is facing coordinated pushback from vested interests opposed to its sweeping transformation drive,” said Bashir Bayo Ojulari, head of Nigeria’s state …
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KEY POINTS The state oil company of Nigeria claims that it is almost ready to resume full crude flows through its export terminals and pipelines, signaling a change in a …
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In the NewsMarketsOil & Gas
NNPC Profit Slumps Nearly 80% in July as Revenues Falter Despite Oil Gains
KEY POINTS After-tax earnings for the Nigerian National Petroleum Company Limited, NNPC, fell to ₦185 billion ($126 million) in July from ₦905 billion the month before, marking one of the …
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Energy TransitionIn the NewsOil & Gas
NNPC-Sahara’s WAGL Energy Expands LPG Fleet Beyond 160,000 Cubic Meters
KEY POINTS Another significant step has been taken in the pursuit of liquefied petroleum gas by Nigeria’s state oil company, NNPC, and Sahara Group, its longstanding private partner. Their joint …
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KEY POINTS Although it provides some respite for drivers, the Nigerian National Petroleum Company Limited‘s, NNPC decision to lower the pump price of gasoline by ₦10 per litre at its …
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NNPC expands LNG exports to Japan and China, boosting its presence in global energy markets.
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Nigeria ends the oil-for-naira market, adopting a transparent system for crude oil sales. The reform aims to improve transparency and attract investment in the oil sector