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Oil and Gas
NNPC Ltd Eyes 2mbpd By Year End
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its partners have revved up crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4billion standard cubic feet (bscf).
The company…
OTLAfrica 2024: NMDPRA Says African Energy Bank Nears Completion
As part of efforts to enhance the production and transportation of gas across the Africa, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed plans to champion the development and…
FG Not Paying Niger Delta Gas Flare Revenues – Gov Diri
Governor of Bayelsa State, Senator Douye Diri, has bemoaned the failure of the Federal Government to remit to Niger Delta states revenues from gas flare fines and royalties paid by oil firms to its coffers.
Governor…
OIL THEFT : Bayelsa State Seeks DHQ Collaboration ,Wants Oil Companies To Replace Worn-Out Equipment
Governor of Bayelsa State, Senator Douye Diri, has restated that the state will work with the Defence Headquarters Joint Monitoring Team to curb the menace of crude oil theft and pipeline vandalism.
Governor Diri also expressed…
Nigeria To Save N5.4trn From Fuel Subsidy Removal In 2024 – Gov. Abiodun
The Ogun State Governor, Prince Dapo Abiodun has disclosed that the subsidy on fuel, if not curbed by President Bola Ahmed Tinubu, would have cost the country a whopping N5.4 trillion by the end of 2024.
Governor Abiodun noted that it…
NNPCL Expands Global Market To Japan, China With LNG Supply On Delivered Ex-Ship Basis
The Nigerian National Petroleum Company Limited (NNPC Ltd.) said it has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis.
According to a statement by Olufemi Soneye
Chief…
Bayelsa To Set Up LG Teams Against Oil Theft
To combat the menace of oil theft in communities across the state, chairmen of the eight local government councils in Bayelsa State have been mandated to constitute task force in their areas.
Governor Douye Diri, who stated this on…
NNPC Ltd Declares State Of Emergency On Crude Oil Production
In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry.
According to a statement by Chief Corporate Communications…
We Need Public, Private Sector Collaboration To Meet Energy Goals – Ekpo
Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has called for increased collaboration between public and private sector investors in order for the country to achieve its energy goals.
The Minister stated this during…
BREAKING : NNPC Ltd, First E&P Commence 20,000bpd Local Production At OML 85
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset, also known as…