Shell Lifts Force Majeure on Major Oil Exports From Nigeria

The Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has lifted the force majeure on Bonny export programme with effect from Wednesday, March 15, 2023. The force majeure was declared on March 3, 2022 following a significant decline in crude receipts at the Bonny Oil and Gas Terminal. READ ALSO: Naira Crisis: Millions of Nigerians Already Dragged Into Mental Illness – Expert ‘He’s A Racist,’ Nigeria Revokes Seplat CEO’s Work Permit, Visa, Others Why NNPCL Sacked Eroton As OML 18 Operator Nigeria Rakes In N21trn From Crude Oil…

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NNPC, Daewoo Ink MoU On 110,000 bpd Kaduna Refinery Rehabilitation

President Muhammadu Buhari Thursday in Seoul, South Korea, expressed delight as he witnessed the signing of the Memorandum of Understanding (MoU) between Nigerian National Petroleum Company (NNPC) Ltd and Daewoo Group of South Korea for the rehabilitation of the Kaduna refinery The President was particularly excited as the signing came against the back of ongoing rehabilitation works at Warri refinery by same Daewoo Group which will at the first instance, deliver fuels production before the first half of 2023. A spokesperson for President Muhammadu Buhari, Femi Adesina said in a…

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NNPC: Churches, Mosques, Communities Involve In Oil Theft

The Group Chief Executive Officer of the Nigeria National Petroleum Corporation Limited (NNPC Ltd.), Mele Kyari, has again raised the alarm over the involvement of communities and religious groups in theft of petroleum products in the country.     Kyari stated this at the weekly Ministerial Media Briefing organised by the Presidential Media Team in Abuja on Tuesday. According to him, churches, mosques, security agencies, as well as communities where pipelines pass through, were involved in pipeline vandalism and theft of petroleum products. He said so far, the NNPC, in…

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NNPC, Sahara Group invest $300m in gas

The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group have taken delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan, South Korea, with plans to add 10 vessels in 10 years to enhance Africa’s transition to cleaner fuels. The new vessels, MT BARUMK and MT SAPET have increased NNPC and Sahara Group’s joint venture investment to over $300million,approaching the JV’s $1billion gas infrastructure commitment by 2026. The fleet previously comprised MT Sahara Gas and MT Africa…

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PIA Takes Effect in Upstream Oil Sector Regulation – Sylva, NNPC

“If we must continue to be relevant at the global stage, we must, in designing any regulation, put in focus how we can balance the energy base-load for Nigeria.   The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with a move by stakeholders to begin the implementation of the Petroleum Industry Act (PIA) in the upstream sector of the nation’s oil and gas industry. Minister of State for Petroleum Resources, Chief Timipre Sylva said at a 2-day upstream stakeholders’ forum organised by the Nigerian…

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BREAKING: NNPC JV, Dangote Ink Multi-million Dollars Gas Supply Deals

The deals involving the JV of NNPC, Shell, ENI, and Total will deliver 70million scuf of gas daily to Dangote Fertiliser The Joint Venture (JV) consisting of the Nigerian National Petroleum Company (NNPC) Limited, Shell, Total and ENI, has signed a multi-million dollars deal to supply 70 million standard cubic feet (scuf) of gas to Dangote Fertiliser Company. The signing which took place at the on-going Nigeria International Energy Summit (NIES) was attended by President of Dangote Group, Alhaji Aliko Dangote; Group Managing Director of NNPC, Mallam Mele Kyari; Country…

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NNPC, MOMAN, DAPMAN Team Up Against Fuel Queues

The Major Oil Marketers Association of Nigeria (MOMAN) has assured the Nigerian public that its members are working with the regulatory Authorities and the Nigerian National Petroleum Company Limited (NNPC) towards a resolution of the current fuel crisis. Platforms Africa reports that a statement signed by MOMAN Chairman, Olumide Adeosun, stated that MOMAN subject-matter experts are active contributors to the technical and commercial committees set up by the regulatory Authorities to re-stock fuel supplies, resolve the blending of contaminated products and identify losses suffered by customers, operators and third parties.…

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NNPC denies funding Buhari, GEJ elections with $1.2m oil trader’s bribes

That the NNPC funded elections with $1.2m bribes from oil trader is “not true, and I think that is obvious if you read the story with an open mind,” Group General Manager, Group Public Affairs Division, NNPC, Mr Garba-Deen Muhammad, however, has declared.   The Nigerian National Petroleum Corporation (NNPC) has debunked the allegation that it funded the 2015 and 2019 elections with $1.2 million bribes from oil traders. Platforms Africa reports that the two elections were conducted and contested by then incumbent Goodluck Jonathan and President Muhammadu Buhari. Buhari…

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NNPC, CMEC, GE ink multi-million dollars power deal

The deal is to provide an emergency power to Maiduguri, Northeast Nigeria, after series of bombing by Boko Haram insurgents disconnected the city from the national grid.   A significant step towards redeeming the pledge by the Nigerian National Petroleum Corporation (NNPC) to intervene in the perennial electric power supply challenge in Maiduguri, Borno State, was taken Tuesday with the execution of the Engineering, Procurement, and Construction (EPC) and Equipment Procurement contracts for an Emergency Power Project in Maiduguri. Platforms Africa reports that the deal is to provide an emergency…

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Hurdles as Nigeria NASS Passes 20-yr old Oil Bill +Effects on NNPC, N’Delta

    NNPC’s Equity Sale through IPO, N280 per litre petrol price through subsidy removal, award of 3% development fund and gas flaring fines to host communities and others are details of the bill provided in this report. Beyond these, Platforms Africa highlights reasons investors and Nigerians can not rejoice yet.   Nigeria’s legislators on Thursday ended a 20-year foot-dragging on Petroleum Industry Bill (PIB) at they approved the long-delayed oil and gas law that aims to, among other thngs, transform the Nigerian National Petroleum Corporation (NNPC) to a profit-driven…

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