KEY POINTS As competition in the downstream oil market intensifies, the Nigerian National Petroleum Company Limited, NNPC, has once again reduced the price of fuel at its retail locations by …
NNPC
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In the NewsOil & Gas
Nigeria’s Tinubu Approves Write-Off of Billions in NNPC Debt to Government Account
KEY POINTS President Bola Tinubu has approved the cancellation of massive legacy debts owed by the Nigerian National Petroleum Company Limited, NNPC, to the country’s central treasury. The debts, totaling …
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KEY POINTS Nigeria’s National Petroleum Company Limited, NNPCL, reported strong gains in 2025, with crude oil and gas production rising above expectations, officials said. Group Chief Executive Officer Bayo Ojulari …
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KEY POINTS Nigeria’s state energy firm has restated its commitment to peace and dialogue in Ogoniland, describing the federal government’s renewed engagement with the oil producing area as a turning …
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In the NewsOil & Gas
PENGASSAN Chief Osifo Advocates Partial Sale of Nigeria’s State Refineries to Secure Investment
The head of Nigeria’s prominent oil sector union has proposed a middle path for the long-awaited restructuring of the country’s beleaguered state refineries. Festus Osifo, President of the Petroleum and …
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In the NewsOil & Gas
NNPC Secures $285m Arbitration Win Over TotalEnergies Unit After Decade Long Dispute
KEY POINTS Nigeria’s state owned oil company has won a $285m arbitration award against a subsidiary of France’s TotalEnergies, bringing to a close a legal battle that has stretched for …
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KEY POINTS Nigeria’s state energy company, NNPCL, said it has stabilised operations on the Escravos Lagos Pipeline System following a disruption in Delta State, moving to isolate affected sections and …
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KEY POINTS The Nigerian National Petroleum Company Limited and Heirs Energies have taken a significant step toward curbing long-standing flaring of OML 17 across their joint onshore asset, sealing agreements …
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In the NewsMarketsOil & Gas
Nigeria’s Petrol Supply Surges as Dangote Refinery Output Jumps in November
KEY POINTS Petrol deliveries from the Dangote Refinery climbed sharply in November, offering a temporary cushion to a domestic market still heavily reliant on imports and facing rising end-of-year fuel …
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In the NewsMarketsOil & Gas
Nigeria’s NNPC E&P Hits 355,000 Barrels a Day, Its Highest Output in 36 Years
KEY POINTS Nigeria’s upstream ambitions received an unexpected lift at the start of December as NNPC E&P Limited, the flagship exploration and production arm of NNPC Limited, pushed its crude …