Nigerian National Petroleum Corp. (NNPC) Company News

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Offshore Nigeria Deal May Lead to $10B+ Investment
Wednesday, May 26, 2021NNPC concluded agreements with Shell, ExxonMobil, Total, and Eni to create a new production sharing contract.

Nigeria Judge Issues Arrest Warrant for Local Exxon Exec
Thursday, February 04, 2021ExxonMobil's Nigerian unit operates a joint venture with state-owned Nigerian National Petroleum Corp.

Nigeria May Sell Shares in National Oil Company
Wednesday, September 30, 2020Tightly controlled by the Nigerian government since 1977, NNPC has become a tool for political patronage.

Saudi Prince Talks OPEC Cuts with Nigeria President
Tuesday, June 30, 2020It's unusual for Saudi Arabia's Crown Prince, who is effectively the kingdom’s ruler, to call other leaders about OPEC matters.

Oil Traders Said to Mull Nigerian Proposal to Prolong Fuels Swap
Thursday, October 18, 2018At least five oil consortiums said they were considering a proposal from the state-run Nigeria National Petroleum Corp. to prolong a crude-for-fuels swap program.

Nigerian Senate to Probe $3.5 Billion Spent by State Oil Firm
Tuesday, October 16, 2018Lawmakers in Nigeria will investigate $3.5 billion allegedly spent by the state oil firm on gasoline subsidies and expressed concern that the sum was not included in the national budget.

Oil Pipeline Fire in Nigeria Kills 60
Monday, October 15, 2018A Nigerian oil pipeline fire last week has claimed dozens of lives, according to news reports.

Nigeria's State Oil Company Considers Refinery Partnerships
Tuesday, August 14, 2018Nigeria's state oil company could allow private investors to install two refineries on two of its sites, it says.

Saipem-led JV Wins Contract for LNG Project in Nigeria
Friday, July 13, 2018Nigeria LNG is a venture including Nigerian National Petroleum Corporation and oil majors Royal Dutch Shell, Total and Eni.

Nigeria's Senate Launches Brass LNG Corruption Investigation
Wednesday, January 24, 2018Nigeria will hold an investigation into alleged corruption involving the state oil firm's long-awaited Brass LNG project.

Nigerian State Oil Firm's Board To Decide On Refinery Investors This Month
Tuesday, January 23, 2018NNPC's board will decide on the investors for its three major refineries this month.

Nigeria's State Oil Company Signs Deals With Chevron, Shell
Thursday, August 03, 2017Nigeria's state oil company says it signed financing agreements with Chevron and Shell worth at least $780 million.

Nigeria To Continue Oil Exploration In Lake Chad Basin Despite Kidnapping
Monday, July 31, 2017Nigerian scientists will continue to search for oil in the restive Lake Chad Basin region despite a kidnapping of some researchers by suspected Boko Haram members.

Nigeria Says Has Rescued Oil Firm Staff Kidnapped By Suspected Boko Haram
Wednesday, July 26, 2017Nigeria's military has rescued all members of an oil survey team kidnapped by suspected Boko Haram militants.

Nigeria's State Oil Company Agrees $700 Million Joint Venture
Thursday, June 29, 2017Nigeria's state oil company said it had agreed to a joint venture to cover the more than $700 million cost of developing new oil fields in its southern Niger Delta energy hub.

NNPC: Indonesian Firm Interested In Building Crude Oil Refinery In Nigeria
Wednesday, June 21, 2017PT Intim Perkasa has expressed an interest in building a refinery in Nigeria, the West African country's state oil company says.

NNPC Head: Nigeria Oil Sales Should Be Centralized In Sector Overhaul
Wednesday, December 07, 2016Nigeria's oil sales should remain the sole responsibility of one company rather than be split between two agencies as a draft of the country's long-awaited petroleum bill proposes.

Savannah Signs MOU with NNDC, NNPC
Thursday, November 17, 2016Savannah Petroleum plc signs an MOU with NNDC and NNPC to support a collaboration between the 3 parties in the Nigerian section of the Central African Rift System.

Minister: Nigeria Reaches Deal to Pay $5.1B in Unpaid Bills to Oil Majors
Thursday, November 17, 2016Nigeria has reached a deal to pay $5.1 billion in unpaid bills to oil majors including Royal Dutch Shell and Exxon Mobil, the minister of state for oil said.

Producer: Nigeria Needs Billions in New Investment to Raise Oil Output
Thursday, November 17, 2016Nigeria needs at least $14 billion a year in new investment over the next five years to raise oil output to 2.2 million barrels a day and even higher spending to lift it to 3 million bpd, the head of a company producing oil in the country said.

Blast Rocks Pipeline Feeding Forcados Terminal In Nigeria's Delta
Tuesday, November 08, 2016A blast rocks a pipeline operated by Nigeria's state-run oil company that feeds the Forcados terminal in the restive southern Niger Delta energy hub.

Militants Attack Oil Pipeline In Niger Delta
Wednesday, November 02, 2016Militants in Nigeria's southern Niger Delta oil hub attack a pipeline operated by the Nigerian National Petroleum Corporation (NNPC).

NNPC, Nigeria Police Pledge Collaboration to Curb Oil, Gas Attacks
Friday, October 28, 2016The Nigerian National Petroleum Corporation (NNPC) and the Nigeria Police Force (NPF) pledge to work more closely together to tackle attacks on oil and gas facilities across the country.

Nigerian Military Confirms Attack On Oil Pipeline In Delta
Friday, October 14, 2016Unknown "vandals" attack a crude pipeline belonging to NNNPC in the restive Niger Delta.

Niger Delta Avengers Attack another Pipeline
Monday, July 25, 2016Nigerian militant group the Niger Delta Avengers claim to have blown up another pipeline, this time at Nsit-Ibom L.G.A. in Nigeria's Akwa Ibom state.

Niger Delta Avengers Claim Responsibility for Fresh Oil, Gas Attacks
Monday, July 04, 2016The Niger Delta Avengers claim responsibility for a series of fresh attacks on oil facilities in the Niger Delta over the weekend.

Nigeria's Oil Minister Replaced As State Oil Company Boss
Monday, July 04, 2016Nigerian President Muhammadu Buhari replaces Oil Minister Emmanuel Ibe Kachikwu as group managing director of state oil company NNPC as part of a wider board overhaul.

NNPC: Strike at Nigeria State Oil Firm Suspended after Talks
Thursday, March 10, 2016A strike at Nigeria's state oil producer has been suspended after talks between trade unions and the head of the company.

NNPC Workers Strike Over Proposed Company Split
Wednesday, March 09, 2016NNPC workers are staging a nationwide strike over plans to "unbundle" the state-run oil firm into 30 companies.

NNPC to Split into 30 Companies
Friday, March 04, 2016The NNPC is to be "unbundled" into 30 profit-making companies with separate managing directors in the weeks ahead as part of an ongoing transformation of the national oil company.

Golar Signs Contract to Supply FSRU for WAGL's Ghana LNG Imports
Thursday, November 05, 2015Golar LNG signs contract to supply West African Gas Limited with a floating storage and regasification unit to support its liquefied natural gas import operations in Ghana.

Nigeria Launches Televised Oil Contracts Bids, To Slash Number Of Deals
Tuesday, October 27, 2015NNPC began auctioning annual crude term contracts on live television and said it would cut the number of contract holders by almost two thirds.

NNPC: Nigeria's State Oil Company Secures $1.2B Drilling Financing Package
Monday, September 21, 2015Nigeria's state oil company secures a $1.2 billion multi-year drilling financing package to contribute to the running of 36 oil wells to be operated as part of a joint venture deal.

Nigeria's NNPC to Review Production-Sharing Contracts, Joint Ventures
Monday, August 17, 2015The new head of the Nigerian National Petroleum Corp says he will review all production-sharing contracts and joint venture agreements with its partners "to reflect current day realities in the global oil and gas industry".

Nigeria's New Oil Chief Announces Restructuring, Audit
Thursday, August 13, 2015The new head of the Nigerian National Petroleum Corp. has started a three-pronged restructuring of the state-owned company that should lead to "a new NNPC".

Nigeria's State Oil Company Appoints Four New Executive Directors
Tuesday, August 11, 2015Nigeria's state oil firm appoints four new group executive directors and cuts its management staff.

New Head Of Nigeria's State Oil Company Sacks Top Management
Wednesday, August 05, 2015The new head of Nigeria's state oil firm dismisses senior managers after a government directive, the company says.

Nigeria's President Dissolves State Oil Company Board
Friday, June 26, 2015Nigeria's new President Muhammadu Buhari dissolved the board of state-owned NNPC as a first step to cleaning up the oil industry in Africa's biggest economy.

Seplat Chairman: Nigeria's Buhari Should Sell Stakes In Oil, Gas JVs
Monday, June 22, 2015Nigeria's new government should sell its stakes in joint ventures in the country's energy industry, the chairman of Seplat Petroleum says.

Total's Divestments in 3 Onshore Blocks in Nigeria Reaches $1B
Monday, March 30, 2015Total's recent divestment of stakes in three onshore blocks in Nigeria reaches $1 billion.

Shell Starts Up Oil Production at Bonga North West
Wednesday, August 06, 2014Shell's Nigerian subsidiary starts up oil production from the first well at the Bonga North West deep-water development offshore Nigeria.

Army: Nigeria Suicide Bombers Kill 15 in Failed Oil Facility Attack
Wednesday, April 02, 2014Islamist suicide bombers kill 15 people in a failed attack on a state oil company facility in northeast Nigeria, according to the country's military.

Nigeria Awards $60B Worth of Oil Contracts
Friday, July 13, 2012Nigeria this week finally signed contracts allocating supply of its oil in the coming year in a string of deals worth around $60 billion.

US Commends Alison-Madueke's Leadership of Nigeria's O&G Industry
Monday, March 05, 2012The U.S. Government expresses confidence in the Nigeria oil and gas industry under the stewardship of the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.

ExxonMobil JV Finds Rich Gas Condensate Offshore Nigeria
Monday, November 01, 2010MPN, a JV between Exxon Mobil and Nigerian National Petroleum, has discovered rich gas condensate in Oil Mining License 104, offshore Nigeria.

Nigeria Still Open to Oil Law Changes
Thursday, April 15, 2010Nigerian authorities are still open to suggestions from international majors on a proposed law to reform the oil sector, the new boss of the state oil firm said Thursday.

Nigeria's Oil Production Tops 2.5MM B/D
Friday, March 05, 2010Nigeria's crude production has risen to 2.5 million barrels per day following the amnesty program to militants operating in oil rich Niger Delta region,a top official has said.

Nigeria in Negotiations with Shell, Chevron
Wednesday, January 20, 2010The Nigerian government is in talks with Chevron and Shell over the renewal of their shallow-water oil licenses.

Total Unlocks Hydrocarbons in Nigeria's Deep Waters
Wednesday, December 16, 2009Total has discovered hydrocarbons in the southern portion of the Oil Prospecting License (OPL) 223, in deep waters offshore Nigeria.

Nexen Confirms Total's Owowo Discovery Offshore West Africa
Wednesday, December 09, 2009Earlier this year, Nexen participated in the drilling of an exploration well in the southern portion of Oil Prospecting License (OPL) 223, offshore West Africa, which the company announced was successful.