Tag: NNPC

Nigeria has recorded a significant recovery in its oil sector, adding approximately 400,000 barrels per day (bpd) of production since 2023 through targeted reforms, improved security in the Niger Delta, and enhanced infrastructure.  According to reports from the Office of the Special Adviser to the President on Energy, onshore output has surged to around 1.6 […]

The Nigerian National Petroleum Company Limited (NNPC Ltd) has achieved a significant technical milestone with the successful completion of the River Niger Crossing on the 130-kilometre Obiafu-Obrikom-Oben (OB3) gas pipeline project.  Executed using advanced Horizontal Directional Drilling (HDD) technology, the crossing — drilled approximately two kilometres beneath the riverbed between Ndoni in Rivers State and […]

Nigeria’s electricity supply is set to experience a short-term reduction due to scheduled maintenance at a key gas production facility. The Nigerian National Petroleum Company Limited (NNPC Ltd) announced that Seplat Energy Plc, a major gas supplier to the NNPC Gas Infrastructure Company Limited (NGIC) pipeline network, will conduct routine maintenance on its facilities from […]

The Nigerian National Petroleum Company (NNPC) Limited, Africa’s largest national oil company by production volume, has announced an unprecedented full-year 2024 profit after tax of ₦5.4 trillion (approximately $30 billion at current exchange rates), marking a 64% increase from the previous year.   The state-owned energy giant generated total revenue of ₦45.1 trillion in 2024, […]

At the ongoing COP30 in Belém, Brazil, the Nigerian National Petroleum Company Limited (NNPC Ltd) has emerged as a key driver in advancing a unified national framework for Monitoring, Reporting, and Verification (MRV) systems, a critical step toward unlocking carbon finance and accelerating Africa’s most populous nation’s energy transition.   During a high-level side event […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially appointed Mr. Andy Odeh as its new Chief Corporate Communications Officer, alongside Mrs. Morenike Adewunmi as Chief Relations Officer. The announcement was made in a company statement released earlier this week. Profile of Andy Odeh: Brings over 30 years of communications and business administration experience […]

President Bola Tinubu has dismissed the entire 11-member board of the Nigerian National Petroleum Company (NNPC), including CEO Mele Kyari. The new board, led by industry veteran Bashir Ojulari, is tasked with addressing mismanagement and revitalizing Nigeria’s oil sector.