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Petrobarometer

    FG extends registration deadline for marginal field bid round to June 21

FG extends registration deadline for marginal field bid round to June 21

The Department of Petroleum Resources (DPR) has extended the registration deadline for the marginal oil fields bids by one week. [...]

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    DPR: 94% of filling stations now complying with new fuel price

DPR: 94% of filling stations now complying with new fuel price

The Department of Petroleum Resources (DPR) says 94 percent of filling stations have complied with the new petrol price of between N121.50 to N123.50 per litre. Abubakar Buba, the Abuja zonal operations controller of the DPR, disclosed this while conducting a monitoring exercise of fuel retail outlets in the federal capital territory (FCT) on Wednesday. Buba expressed satisfaction with the level of [...]

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    Market to determine petrol price as PPPRA removes price cap

Market to determine petrol price as PPPRA removes price cap

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    Nigeria’s crude oil reserve drops to 36.89 billion barrels

Nigeria’s crude oil reserve drops to 36.89 billion barrels

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    Brent oil rises to $40 amid hopes for output cuts, recovery

Brent oil rises to $40 amid hopes for output cuts, recovery

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    DPR to hold licensing rounds for marginal oil fields — first since 2002

DPR to hold licensing rounds for marginal oil fields — first since 2002

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    Buhari appoints new board for NNPC — without naming chairman

Buhari appoints new board for NNPC — without naming chairman

President Muhammadu Buhari has approved the reconstitution of the board of the Nigerian National Petroleum Corporation (NNPC). According to a statement by Femi Adesina, special adviser to the president, the reconstitution comes after the expiration of the term of the board members appointed in 2016. Members of the new board are Mohammed Lawal (north-west), Tajudeen Umar (north-east), Adamu Mahmood Attah (north-central), Magnus [...]

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    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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