By JKNewsMedia NATURAL GAS supply in Nigeria is set for a significant boost as NNPC Gas Marketing Ltd (NGML), a subsidiary of NNPC Ltd, and its Unincorporated Joint Venture (UJV) partner, NIPCO Gas Ltd, have finalised a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd. The deal will see the supply of natural […]
By JKNewsMedia A FIRE outbreak on a dry crude storage barge at Cawthorne Channel 1 in Rivers State has been successfully contained, averting a major disruption to oil and gas operations in the area. The blaze, which ignited at approximately 2:10 p.m. on Wednesday, started on the BESTAF5 barge before spreading to adjacent barges. Emergency [&h...
By Jemimah Wellington, JKNewsMedia Reporter THE PRICE of Premium Motor Spirit (PMS) has dropped significantly, following the Nigerian National Petroleum Company Limited’s (NNPCL) decision to lower its ex-depot price from ₦1,020 to ₦899 per litre. This action comes amid rising competition in the deregulated downstream petroleum sector. Dr Josep...
By JKNewsMedia THE NIGERIAN National Petroleum Company Limited (NNPCL) has addressed concerns over the Port Harcourt Refinery’s operations, refuting claims that the facility is not producing outputs. NNPCL officials affirmed that the refinery is currently operating at 70% capacity and producing vital petroleum products, with plans to sca...
By Jemimah Wellington, JKNewsMedia Reporter THE NIGERIAN National Petroleum Corporation Limited (NNPCL) has firmly dismissed claims that an additional body was recovered from the helicopter crash that occurred last Thursday in Port Harcourt. Addressing the reports on Sunday, NNPCL clarified that beyond the three bodies initially found in the w...
By Jemimah Wellington, JKNewsMedia Reporter THE VICE President of Nigeria, Kashim Shettima, has been tasked with leading efforts to resolve the country’s ongoing fuel crisis. This directive came from President Bola Tinubu, as he mandated immediate action to address challenges in the oil and gas sector, particularly around fuel pricing and supp...
By Joke Kujenya Nigerians have been urged to brace up for another rise in petrol prices. The Nigerian National Petroleum Company Limited (NNPCL) has indicated that another pump price increase is likely soon. This follows the company’s efforts to reflect the current market conditions. Adedapo Segun, NNPCL’s Executive Vice President, Downs...
