Ogoni Re-entry: a Beacon of Reconciliation through Collaboration -NNPC Ltd

The re-entry into Ogoniland marks a historic turning point for Nigeria — not just in terms of oil production, but more broadly, this milestone reflects the spirit of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which commits to building a stronger country, attracting responsible investment, and ensuring that community development is at the heart of…

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Nigeria approves Shell, Agip buyout of TotalEnergies’ stake in Bonga oilfield

Nigeria’s oil regulator has approved a $510 million deal by TotalEnergies (TTEF.PA), to sell its entire 12.5% interest in oil mining lease (OML) 118, which hosts the offshore Bonga oilfield, to the field’s operator Shell (SHEL.L), and Agip (ENI.MI).The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said TotalEnergies will transfer 10% of its interest to Shell…

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Make Products Accessible, Sell at affordable rates to Marketers.

-DAPPMAN to Dangote Refinery. The Depot and Petroleum Products Marketers Association of Nigeria has called on the Dangote Refinery to make its fuel supply more accessible to marketers and sell products at affordable rates. The spokesperson for the association, Ikem Ohia, said that closer collaboration with the refinery would ensure steady supply and end fuel…

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PENGASSAN, NUPENG Oppose government’s plan to cut its stakes in JV assets,

The Petroleum and Natural Gas Senior Staff Association of Nigeria, as well as the Nigeria Union of Petroleum and Natural Gas Workers, have rejected announced plans by the Federal Government to divest significant stakes in Joint Venture assets, managed by the Nigerian National Petroleum Company Limited. The two unions warned that the move to allegedly…

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NNPC urged marketers to pay new ex-depot rate before lifting products.

The Nigerian National Petroleum Company Limited has requested that petroleum marketers who applied to purchase fuel through its online portal top up their payments in line with current prices, or risk forfeiting their allocations. Spokesman, Andy Odeh, explained that marketers who cannot meet the new ex-depot rates may instead apply for refunds. He noted that…

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Why Nigeria’s crude oil production dropped in August

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has explained that unscheduled maintenance at a refinery facility made Nigeria’s crude oil production drop on a month-on-month basis in August. This comes as Nigeria’s crude oil production dropped to 1.63 million barrels per day month-on-month in August, down from 1.71 million bopd in July. NUPRC disclosed this…

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