Nigerian National Petroleum Corp. (NNPC) Company News

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Nigeria's State Oil Company Considers Refinery Partnerships
Tuesday, August 14, 2018 Nigeria'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, 2018 Nigeria 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, 2018 Nigeria 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, 2018 NNPC'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, 2017 Nigeria'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, 2017 Nigerian 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, 2017 Nigeria'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, 2017 Nigeria'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, 2017 PT 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, 2016 Nigeria'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, 2016 Savannah 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, 2016 Nigeria 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, 2016 Nigeria 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, 2016 A 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, 2016 Militants 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, 2016 The 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, 2016 Unknown "vandals" attack a crude pipeline belonging to NNNPC in the restive Niger Delta.

Niger Delta Avengers Attack another Pipeline
Monday, July 25, 2016 Nigerian 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, 2016 The 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, 2016 Nigerian 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, 2016 A 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, 2016 NNPC 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, 2016 The 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, 2015 Golar 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, 2015 NNPC 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, 2015 Nigeria'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, 2015 The 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, 2015 The 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, 2015 Nigeria'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, 2015 The 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, 2015 Nigeria'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, 2015 Nigeria'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, 2015 Total'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, 2014 Shell'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, 2014 Islamist 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, 2012 Nigeria 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, 2012 The 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, 2010 MPN, 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, 2010 Nigerian 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, 2010 Nigeria'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, 2010 The 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, 2009 Total 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, 2009 Earlier 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.

Nigeria Says Chinese Companies Eye $50B of Oil Reserves
Tuesday, December 08, 2009 Chinese companies have proposed investing $50 billion to buy 6 billion barrels of oil reserves in Nigeria, the African nation's presidential adviser on energy said Tuesday.

Nigeria Renews Three Oil Leases for ExxonMobil
Friday, November 20, 2009 Nigeria has renewed three of ExxonMobil's operated oil leases that pump more than 550,000 barrels of oil per day.

Chevron's Agbami Hit 250,000 B/D Peak in August
Monday, October 05, 2009 Chevron's Agbami oil platform offshore Nigeria reached peak production of 250,000 barrels per day in August, or four months ahead of schedule.

Serial Militant Attacks Affecting Nigeria's Oil Production Capacity
Monday, July 06, 2009 Recent serial attacks by MEND and other militant groups on oil facilities has punctured the country's oil production capacity and would hinder its drive to grow its oil reserves to 40 billion in 2010.

Gazprom, NNPC Set Up JV for Hydrocarbon Projects in Nigeria
Thursday, June 25, 2009 Gazprom and NNPC have established a joint venture intended for executing large-scale projects in hydrocarbon projects in Nigeria.

Two Charged in KBR Bribery Case
Thursday, March 05, 2009 Two citizens of the UK have been charged in an indictment unsealed today in the US for their alleged participation in a decade-long scheme to bribe Nigerian government officials to obtain EPC contracts to build LNG facilities on Bonny Island.

Total's Akpo Starts Producing Offshore Nigeria
Thursday, March 05, 2009 The Akpo gas and condensate field located offshore Nigeria began production.