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Will NNPC-Sinopec IJV deliver broader economic recovery with refinery revamp?
Sopuruchi Onwuka The declaration early in the moth by the Nigerian National Petroleum Company (NNPC) Limited that it has devised a new approach to rehabilitation and restreaming of the Nation’s three refineries is indisputably the most awaited inflection point in…
NNPC secures operating partner for refinery IJV
Nigeria underway to become Africa’s refining hub Private investors building refinery capacity to 3.0 mbd Sopuruchi Onwuka Nigeria is underway to realizing the dream of becoming Africa’s refining hub after the national oil company finally secured partnership with a Chinese…
Chevron declares double discovery with Awodi-07 well
Sopuruchi Onwuka Chevron Nigeria Limited has declared that its Awodi well busted two separate lodes offshore Western Niger Delta, discovering new hydrocarbon reservoir and extending existing one. A press statement made available to Oracle Intelligence did not specify the oil…
WAPCO upbeat as ELPS resumes gas flow
Sopuruchi Onwuka The West Africa Gas Pipeline Company (WAPCO) is set to enter the 2026 business year upbeat following the restoration of its critical gas feed channel, the Escravos-Lagos Pipeline System (ELPS). Although WAPCO says the recent flow disruption from…
ELPS breach: WAPCo assures steady regional supply as NNPC deploys containment measures
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited says it has deployed coordinated containment measures following an incident on a section of the Escravos–Lagos Pipeline System (ELPS) in South-West Warri, Delta State. The company’s Chief Corporate Communications Officer, Andy…
Heirs Energies, partners sign deals on OML 17 flare gas commercialization
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited and Heirs Energies have formalized Gas Flare Commercialization Agreements for OML 17 under both the Nigerian Gas Flare Commercialization Program (NGFCP) and approved Non-NGFCP frameworks. The agreements moves the project from…
NNPC Limited posts ₦5.4 trillion profit, unveils $60 billion growth plan
NNPC Limited has reported a Profit After Tax of ₦5.4 trillion for the 2024 financial year, driven by strong operational performance and rising revenue. The company posted ₦45.1 trillion in revenue, an 88 percent increase from the previous year, while…
NNPC adopts IJV model for govt refineries, shops operating partners
Sopuruchi Onwuka After pumping significant N4.5 trillion into failed rehabilitation of the nation’s three refineries and trialing several business strategies to jumpstart government’s four refining plants into life, the Nigerian National Petroleum Company (NNPC) Limited is said to be considering…
Ojulari insists NNPC refineries are still viable
Sopuruchi Onwuka The new management of the Nigerian National Petroleum Company Limited (NNPC) Limited has restated it’s resolve to drive the protracted revamp of the nation’s crude oil refineries to conclusion. Group Chief Executive Officer (GCEO), Bashir Bayo Ojulari, notified…
Ojulari gets senior management team
Sopuruchi Onwuka Within 72 hours after his appointment as the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr Bayo Ojulari welcomes a senior management team on Friday. The appointments which took immediate effect would enable…
