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 …
NNPC
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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 …
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In the NewsOil & Gas
NNPC Faces Fresh Scrutiny as Auditor Queries £14 Million Spent on London Office
KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has once again found itself under pressure after the Auditor-General raised concerns over more than £14 million reportedly spent on the …