The Nigerian National Petroleum Company (NNPC) Limited has announced landmark gas agreements expected to unlock more than US$20 billion in investments, while Nigeria’s crude oil production has climbed to 1.71 million barrels per day (mbpd), its highest level in five…
NNPC, TotalEnergies Expand Methane Reduction Partnership with Advanced AUSEA Monitoring Technology
CAPTION: NNPC Ltd’s Executive Vice President, Upstream, Udy Ntia (2nd from right) and TotalEnergies Country Chair and Managing Director, Matthieu Bouyer (1st from left), signing an MoU to extend the deployment of the Airborne Ultralight Spectrometer for Environmental Applications (AUSEA)…
NNPC Profit Jumps 74% to N481bn as Revenue Hits N4.97trn, Oil Output Rises to 1.68mbpd
April Performance Shows N205bn Increase in Profit, 79% Revenue Growth and Higher Crude Production The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of N481 billion for April 2026, reflecting a significant increase…
Time to reset the Amukpe-Escravos Pipeline sale process
By Mohammed Abubakar A respected voice has finally said the quiet part out loud. No more dancing around it. No more bureaucratic fog. Professor Okey Ikechukwu, Executive Director of the Development Specs Academy, sat for an interview on Arise…
NNPC Signs MOU with Chinese Partners for Revival of Warri, Port Harcourt Refineries
Nigeria’s long-troubled refining sector may be heading toward another major turning point following the signing of a new Memorandum of Understanding (MoU) between the Nigerian National Petroleum Company Limited (NNPC Ltd) and two Chinese industrial firms aimed at restarting, expanding…
Oil Output Drops to 1.51mbpd in February as NNPC Remits N1.804trn
Nigeria’s crude oil and condensate production declined to an average of 1.51 million barrels per day (mbpd) in February 2026, even as the Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a significant surge in statutory remittances, paying ₦1.804 trillion…
Capital Goes Where Value Is Clear: Bayo Ojulari’s Bold One-Year Transformation of NNPC
By: Kunle Odusola-Stevenson One year after his appointment on April 2, 2025, Bashir Bayo Ojulari has recast the trajectory of NNPC Limited with a blend of commercial discipline, institutional integrity, and global strategic clarity. At a time when energy…
FG Breaks Up OPL 245, Moves to End Long-Running Malabu Oil Dispute
The Federal Government has taken a decisive step to bring an end to the long-running and controversial Malabu oil case, breaking up Oil Prospecting Licence (OPL) 245 into four new assets to be operated by Eni and Shell. The restructuring,…
NNPC Rallies Investors as AKK Gas Pipeline Targets First Gas by July 2026
The Nigerian National Petroleum Company Limited (NNPC Ltd) has intensified efforts to attract fresh investment into Nigeria’s gas sector as the Ajaokuta–Gwagwalada segment of the Ajaokuta–Kaduna–Kano Gas Pipeline (AKK Pipeline) moves toward its projected first gas delivery by July 2026.…
NAPE Highlights Integrated Non-Seismic Technology to Reduce Exploration Risk and Costs in Nigeria
Photo L-R: Dr. Anthony Ofoma, NAPE’s President-elect, Aminu Maitama,Managing Director, Somo Services Ltd, NAPE President Olajumoke Cecilia Ajayi, Livinus Kigbu, Manager at NNPC-ENSERV The Nigerian Association of Petroleum Explorationists (NAPE) has emphasized the increasing role of integrated non-seismic technologies…