No less than over 40.2 million barrels of crude oil made available by international and independent oil producers in Nigeria were not taken by Dangote Refinery and other local refineries, the Nigerian National Petroleum Company Limited (NNPCL) said yesterday. Indeed, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in a release yesterday, signed by its Head,…
This was disclosed on May 4 via a monthly report published on the company’s website, where it noted that all production, sales, and financial figures remain provisional and subject to reconciliation with relevant stakeholders. According to the report, gas production rose to 7,731 million standard cubic feet per day (mmscf/d) in March, up from 7,458…
Petroleum product marketers and retailers have hinted at a possible fresh petrol price drop as Nigerian National Petroleum Company Limited, NNPCL, partners with Chinese firms to restart Port Harcourt and Warri refineries. Reports have it that after a long wait, NNPCL on April 30, 2026, signed a Memorandum of Understanding with Sanjiang Chemical Company and…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that a total of 300 firms are currently jostling for the 50 oil blocks put out in the 2025/2026 licensing rounds. Chief Executive Officer of the Commission, Oritsemeyiwa Eyesan, disclosed this on Monday at the Nigerian Pavilion of Offshore Technology Conference 2026 in Houston, Texas. According…
