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NNPC, TotalEnergies activate $550m Ubeta gas project
Sopuruchi Onwuka Nigerian National Petroleum company (NNPC) Limited and its joint venture partner, TotalEnergies, are finally going to site for the already sanctioned $550 million gas project in operated Ubeta Field, onshore Niger Delta. The office of the president announced…
Dangote hikes petrol price to N1000 per liter ___NNPC
Sopuruchi Onwuka Retail prices of the premium motor spirit, popularly called petrol, will now average N1000 per liter following new prices released for initial lifting from the new Dangote Refinery in Lagos. According to the Nigerian National Petroleum Company (NNPC)…
Marketers buy 518,500 tons of fuel from Dangote Refinery
Await offtake modality on petrol Sopuruchi Onwuka Players in the domestic petroleum products market have patronized the highly controversial Dangote Refinery in the past five months, indicating a gradual supply shift from foreign refineries. According to market supply data available…
Innoson is 2nd most purchased vehicle in Nigeria
Sopuruchi Onwuka Indigenous automobile manufacturer, Innoson, is second most purchased vehicle in the country despite the refusal of the federal government to implement the highly applauded Nigerian Content policy in the purchase and use of vehicles in the country. Despite…
Oil leads Nigeria’s N19 trn H1 export income
Sopuruchi Onwuka Growth in Nigeria’s trade surplus jumped by 6.5 percent in the second quarter of the year, propelled by rising crude oil volumes as the Nigerian National Petroleum company (NNPC) Limited posts both increasing revenue and low production losses…
NUPRC disowns reported consent to SPDC acquisition deal
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has firmly denied reports claiming it has granted consent for Shell’s $1.3 billion sale of onshore assets to the Renaissance consortium. In a statement issued by the Head of Public Affairs…
NNPC, CNL migrate JV assets into PIA terms
Target 165,000 bopd by Dec Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited and Chevron have activated legal and regulatory options to migrate assets operated under existing NNPC/ Chevron Nigeria Limited joint venture to less complicated operating terms provided in…
PIC-FUEL invention wins 2024 NLNG’s Nigeria Prize for Science
Winning work proffers carbon capture and Fuel Production Sopuruchi Onwuka For its pioneering work on “Process Intensification Technology for Greenhouse Emission Control in Power Generation and Industry for Sustainable Fuel Production (PIC-FUEL),” a team of scientists comprising Eni Oko, Olajide…
“We don’t fix prices for Dangote refinery,” NNPC replies MURIC
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared that it currently as commercial player in a domestic fuel market that is currently undergoing commercial deregulation and is not in position determine prices for private refiners in the…
NLNG’s Train 7 showcases Nigeria’s industrial prowess __Ogbe
Sopuruchi Onwuka Federal government has commended the Nigerian Liquefied Natural Gas (NLNG) Limited and its local contractors on exceeding expectations on local job delivery in the ongoing plant construction and expansion project. The Executive Secretary of the Nigerian Content Development…
