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Petrobarometer

    NNPC announces 6,621 staff strength — 15.8% are fresh graduates

NNPC announces 6,621 staff strength — 15.8% are fresh graduates

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    NLNG: We’ve paid $17bn dividends to FG since inception

NLNG: We’ve paid $17bn dividends to FG since inception

The Nigeria LNG (NLNG) says it has paid $17 billion in dividends to the federal government through the Nigerian National Petroleum Corporation (NNPC). In tweets to celebrate its 31 years of existence, the company said it has generated $108 billion in revenue. "With 22 million tonnes per annum (MPTA) six-train on Bonny Island, Nigeria LNG has reduced gas flaring from 65% to [...]

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    Timipre Sylva: Why we won’t allow only marketers determine petrol price

Timipre Sylva: Why we won’t allow only marketers determine petrol price

Timipre Sylva, the minister of state for petroleum resources, says the federal government will continue to determine the price of petrol because of the need to protect the public from exploitation. In a statement released on Friday, Sylva said the federal government has decided to monitor the pump price of petrol despite the deregulation. Sylva said the government will act as a shield [...]

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    NLNG signs contract for Train 7 detail design, construction contract

NLNG signs contract for Train 7 detail design, construction contract

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    NNPC sells petrol worth N2.5trn in 13 months

NNPC sells petrol worth N2.5trn in 13 months

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    Nigeria’s Bonny Light rise above $25 as Saudi Arabia further cuts supply

Nigeria’s Bonny Light rise above $25 as Saudi Arabia further cuts supply

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    Oil prices drop amid supply glut, fears of second coronavirus wave

Oil prices drop amid supply glut, fears of second coronavirus wave

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    NNPC reduces ex-depot price of petrol to N108 per litre

NNPC reduces ex-depot price of petrol to N108 per litre

The Nigerian National Petroleum Corporation (NNPC) has announced a downward review of the ex-depot price of petrol from N113.28 per litre to N108 per litre. Kennie Obateru, group general manager of the NNPC public affairs division, said the review is in line with the new pricing template that allows for an adjustment of petrol to reflect the situation in the global [...]

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    Report: 84 million barrels of Nigerian crude stranded at sea

Report: 84 million barrels of Nigerian crude stranded at sea

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    ICYMI: Shell accuses Nigeria of hiding EFCC’s reports on OPL 245

ICYMI: Shell accuses Nigeria of hiding EFCC’s reports on OPL 245

Royal Dutch Shell has accused the Nigerian government of hiding key reports of investigations by the Economic and Financial Crimes Commission (EFCC) which concluded that there was no fraud in the sale of OPL 245. Shell and ENI, which paid $1.3 billion to take full ownership of the lucrative oil block from Malabu Oil and Gas Ltd in 2011, are fighting [...]

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    1,000 NNPC graduate trainees to resume virtually on Monday

1,000 NNPC graduate trainees to resume virtually on Monday

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    US SEC drops inquiry into Shell’s acquisition of OPL 245

US SEC drops inquiry into Shell’s acquisition of OPL 245

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    Qua Iboe, Brass crude up by $5, trade at $21 per barrel

Qua Iboe, Brass crude up by $5, trade at $21 per barrel

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    Saudi Arabia: We’re closely monitoring the global oil market

Saudi Arabia: We’re closely monitoring the global oil market

Saudi Arabia says it is closely monitoring activities in the oil markets and is ready to take further measures to salvage the market situation. The Saudi Press Agency quoted Majid bin Abdullah Al-Qasabi, the minister of commerce and investment, as saying the cabinet is keen on achieving stability in the oil market. Al-Qasabi said that the cabinet continues in monitoring the “oil [...]

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    EXPLAINER: What negative oil price means and how it affects Nigeria

EXPLAINER: What negative oil price means and how it affects Nigeria

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    US oil price enter negative territory, trades at $-2 per barrel

US oil price enter negative territory, trades at $-2 per barrel

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