Dr Bala Wunti, a former chief upstream investment officer at NNPCL, has been appointed chief executive officer of World Energy Council Nigeria. The appointment has received strong support from the management and members of the Bala Wunti…

The Group General Manager, National Petroleum Investment Management Services (NAPIMS), Bala Wunti, has said that ensuring that Nigerians have a sufficient supply of petrol despite the disruption caused by the COVID-19 pandemic remains the…

Former NAPIMS boss Bala Wunti says there is no evidence that ₦210tn missing funds exist in the NNPC 2023 audited financial statements. He made the clarification while appearing before the Senate Committee on Public Accounts, led by Senator…

The NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its JV assets from the Petroleum Profit Tax (PPT) to significantly boost their crude oil production to 165,000 barrels of…

Over 1,000 individuals will receive free eye care services, alongside a range of general healthcare provisions at the NNPC Ltd third edition of the Vision First Programme at the Ilaje community and its environs in Bariga, Lagos State. The…

The federal lawmakers have agreed on stiffer consequences for crude oil thieves and vandals of the nation's critical hydrocarbon infrastructure in support of measures by the NNPC Limited to boost Nigeria’s crude oil production and grow its…

Shell Petroleum Development Company (SPDC), TotalEnergies, and Nigeria Agip Oil Company (NAOC) – in collaboration with the Niger Delta Development Commission (NDDC), have commissioned the 25.7km Ogbia-Nembe Road in Bayelsa State. The…

Nigerian National Petroleum Company Limited, NNPCL, has restored the production of 275, 000 barrels of oil per day following the peace deal it brokered on Sunday between the Management of Total Energies, operator of the NNPC/Total JV, the…

The Nigerian National Petroleum Company Ltd had cleared the $3.8bn cash call indebtedness to it’s Joint Venture Partners. The NNPC Ltd Chief Upstream Investment Officer, Mr. Bala Wunti, said this while speaking as a discussant at the…

The Nigerian National Petroleum Company (NNPC) Limited on Tuesday announced it has signed a settlement and exit agreement with Sinopec’s Addax Petroleum Development (Nigeria) to exit its four major oil mining blocks in the country. With…