The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed two major agreements to deliver Liquefied Natural Gas (LNG) to the domestic gas market and the international LNG market. Held on the sidelines of the UN Climate Change Conference (COP28), NNPC Ltd. signed a Memorandum of Understanding (MoU)...
oil and gas
The media is somewhat awash with reports about broadening the government’s income base. It is commonsensical to grow inflow, flowing from the extant, age-old, and probably weather-beaten desire to diversify the nation’s revenue source from Oil. Agriculture, steel development, manufacturing, mining and quarrying, have among other sectors been proposed...
The National Oil Spills Detection and Response Agency (NOSDRA) has deployed an aircraft and five vessels to contain the oil leakage from Egina facility operated by TotalEnergies. According to the spills agency, the response aircraft and vessels were used to apply dispersants on the oil leak that...
Oil bearing communities in Bayelsa have bemoaned prolonged delays in the implementation of the host community fund component of the Petroleum Industry Act (PIA). Representatives of the communities expressed dismay that since the PIA came into effect in 2021, no meaningful development projects had been carried out due to...
By MBAFAN ADE, Abuja – The Nigerian Content Development and Monitoring Board (NCDMB) and SLB, a global technology company on Tuesday in Lagos unveiled the first three products of their joint program, the NCDMB-SLB Technology Enhancement Program (N-STEP), a platform whereby students of higher institutions develop software...
The president of the Senate, Dr Godswill Akpabio, says with careful planning and execution, Nigeria can meet the Organisation of Petroleum Exporting Countries (OPEC) quota of 1.8 million barrels per day. Akpabio spoke at the National Assembly Capacity Building Workshop organised by the Independent Petroleum Producers Group (IPPG)...
Seven communities at the Shell Petroleum Development Company (SPDC) Estuary Area (EA) in Bayelsa, have insisted on their autonomy in development matters. The communities in Ekeremor Local Government Area (LGA) said they will continue to resist plans by SPDC to join them with five others in the Host Community...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with the Nigerian Content Development and Monitoring Board (NCDMB) and International Oil Companies for optimal contracting cycle in the industry. The MoU will implement industry framework, focused on processes and timelines for achieving...
The Nigerian National Petroleum Company (NNPC) Limited. has signed up as a participant of the United Nations Global Compact, thereby becoming the first state-owned oil company to join the global initiative. Group CEO of NNPC Ltd., Malam Mele Kyari,, signed the Letter of Commitment, at the ongoing UN General...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licences of oil operators who failed to remit the three per cent statutory fees to oil communities before September ending. The NUPRC management on Friday said its attention had been drawn to the agitation by host...
The Nigeria LNG Ltd. (NLNG) says the operation at its plant on Bonny Island is ongoing, despite a Force Majeure that is still in effect. It said that the Force Majeure, caused by the unavailability of major liquids evacuation pipelines, was due to acts of sabotage and vandalism...
By ORKULA SHAAGEE, Abuja – Nigeria can overcome the challenges of environmental hazards posed by the exploration activities in the Oil and Gas industry, particularly in the oil producing areas with the deployment of adequate machinery, including human and material resources. The Country is believed to have...
Some financial experts have urged the Federal Government to export more gas and agricultural produce as measures to enhance the contry’s external reserves.p They spoke in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Lagos. Prof. Sherifdeen Tella, Head, Economic Department, Olabisi Onabanjo University (OOU),...
The National Oil Spill Detection and Response Agency (NOSDRA), has called on stakeholders in the petroleum industry to ensure the prevention of oil spillages in Nigeria. The Emir of Keffi, Dr Shehu Yamusa III, who is the Chairman, Governing Board, NOSDRA, made the call at a stakeholders’ meeting with...
Oil pollution in Bayelsa State was on the international focus on Tuesday as the report of the state’s Oil and Environmental Commission (BSOEC) was launched at the House of Lords in London. The 211-page report titled: “An Environmental Genocide: Counting the Human Cost of Oil in Bayelsa, Nigeria,” is...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has intercepted an illegal Crude Oil Barge and arrested six suspected crude thieves in Warri, Delta State. Tantita Security Services Nigeria Limited, a private security contractor, engaged bythe NNPC Ltd. made the arrests. Speaking, Captain Warredi Enisuoh, Executive Director,...
Mr Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL), has called on African countries to take advantage of the implementation of the African Continental Free Trade Agreement (AfCFTA). Kyari said this would help to diversify their energy sources into a sustainable and low-carbon energy...
The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas resources. Mr Gbenga Komolafe, the Commission Chief Executive of NUPRC, said this on Monday during the opening ceremony of the Petroleum Technology...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has so far spent over 1.1 billion dollars on the ongoing construction of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and Station project from its cash-flow. The NNPC Limited GCEO, Malam Mele Kyari said this on Monday while touring some of...
Shell Petroleum Development Company Nigeria Limited, TechnoOil Group, Schlumberger and other international and indigenous oil and gas companies emerged winners at the sixth edition of the Nigeria International Energy Summit (NIES 2023) Industry Awards. The annual prestigious NIES Energy Industry Awards is bestowed on individuals and organizations that cemented...