By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) has denied claims circulating in some quarters that it is selling refinery scrap materials, equipment, or components to individuals and private companies, describing the reports as false and misleading. In a public notice issued on Friday in Abuja, the company said it had not authorised…
By Seun Ibiyemi Global energy giant ExxonMobil has unveiled plans to invest billions of dollars in deepwater oil and gas projects in Nigeria, citing improvements in the country’s investment climate. The company disclosed this during a visit to the headquarters of the Nigerian Upstream Petroleum Regulatory Commission in Abuja as part of activities marking 20…
By Seun Ibiyemi Dangote Petroleum Refinery & Petrochemicals has announced that its price for Premium Motor Spirit (PMS), commonly known as petrol, remains unchanged despite growing concerns over potential volatility in Nigeria’s downstream oil market. A source within the company confirmed that the refinery’s pricing structure is still intact, with the gantry price maintained at…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced the export of a new crude oil grade, Cawthorne, marking a significant milestone in its drive to boost Nigeria’s oil production and expand its portfolio of globally competitive export streams. The company confirmed that the maiden cargo of the Cawthorne blend was…
