The Nigerian National Petroleum Corporation Ltd (NNPC) on Wednesday sealed a deal with partners on gas aggregation to increase local production of fertiliser in the country. The Gas Aggregation Agreement was signed in Abuja on the sideline of the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the...
oil and gas
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria’s proven natural gas reserve has risen to 209.5 Trillion Cubic Feet (TCF) as at Jan. 1, 2022. Mr Farouk Ahmed, Chief Executive, NMDPRA, said this on Wednesday at the 2022 Nigeria International Energy Summit (NIES) in Abuja. The...
The Federal Government says the Petroleum Industry Act (PIA) has addressed the relationship with host communities with the creation of the Host Community Development Trust Fund (HCDTF). Sylva said this at the PIA session of the ongoing fifth Nigeria International Energy Summit (NIES 2022) on Tuesday in Abuja. He...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) gave Nigerians especially those in the Niger Delta cheering news that it had achieved a 30 per cent reduction in gas flares across its operational areas over the last five years. The Group Managing Director/Chief Executive Officer, NNPC Ltd., Malam Mele...
Whatever the consequences for Russia of the new sanctions that President Joe Biden announced on Tuesday, the invasion of Ukraine and ensuing global stand-off will further darken the outlook for the U.S. economy. Russian President Vladimir Putin’s decision to employ a so-called salami military tactic by sending troops into...
OLA MUDOPE, Lagos – Nigeria’s leading energy company, Shell, has reiterated its commitment to supporting efforts to help the country meet its lower carbon emission target. “Apart from this being the right thing to do, it is also good for our business in Nigeria,” Managing Director of Shell Nigeria...
The Senate has confirmed the nominations of five Executive Directors designate of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The confirmation of the nominees followed the consideration and adoption of a report by the Committee on Downstream Petroleum Sector at plenary on Tuesday. Those confirmed include: Francis...
The Federal Government has declared its intention to invest and focus attention on natural gas exploitation in the country. Addressing the 6th Gas Exporting Countries Forum (GECF) Summit in Doha, Qatar, on Tuesday, President Muhammadu Buhari said enactment of Petroleum Industry Act (PIA) was designed to enable Nigeria to...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to restore sanity in the supply and distribution of quality Premium Motor Spirit (PMS) also known as petrol across the country within a short period. The Chief Executive Officer/ Group Managing...
The Group Managing Director/Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, on Wednesday, explained how ‘adulterated’ Premium Motor Spirit (PMS) from Belgium got into the country undetected and the companies that brought it in. Mr Kyari spoke about the problem which had led to...
By JOY ADARA, Abuja – The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021 as against $191.26million in July 2021. A breakdown of the figures captured in the August 2021 NNPC Monthly Financial and Operations Report...
The Nigeria National Petroleum Company (NNPC) Limited had a busy week following the award of honourary doctorate degree on its Group Managing Director (GMD) and Chief Executive Officer (CEO), Malam Mele Kyari. The award was bestowed on the awardee by Federal University of Technology (FUT), Minna. Other prominent Nigerians...
By JOY ADARA, Abuja – Leading energy company, Shell Nigeria Gas (SNG), has received accolades from industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for deliberate and active investment in Nigeria’s critical gas infrastructure to supply gas for powering industries in key locations in the country. The Chief...
The NNPC Ltd. has commended Mohammad Barkindo, Secretary-General, Organisation of Petroleum Exporting Countries (OPEC) on the role he played in the formation of Declaration of Cooperation (DoC) between OPEC member countries and non-OPEC oil-producing countries. The NNPC gave the commendation on Thursday when OPEC Secretary-General, hosted a working lunch...
The Nigerian National Petroleum Company (NNPC) Limited started its week with the securing of a 5 billion dollars corporate finance commitment from the African Export Import Bank (Afreximbank) to fund major investments in Nigeria’s upstream sector. For NNPC, securing the facility is a milestone achievement, especially in its bid...
Justice Derefaka,Technical Adviser, Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, says gas supply is helping to build industrial clusters across the country. Derefaka made this known in a statement issued on Monday in Lagos. He noted that producers typically congregate around areas with...
The Nigeria Labour Congress (NLC) has appealed to the federal government to reconsider the plan to remove oil subsidies for the interest of the workers. Mr Ikechukwu Nwafor, NLC chairman in Ebonyi, gave the advice in an interview with the News Agency of Nigeria (NAN) on Friday in Abakaliki....
The Federal Government has commended the Nigeria Liquefied Natural Gas (NLNG) Limited for suspending the exportation of cooking gas while approving 100 per cent domestic supply of the product. The News Agency of Nigeria (NAN) reports that on Jan. 14,the NLNG said the move is designed to increase LPG...
By JOY ADARA, Abuja – As the Federal Government commenced full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been tipped to provide business opportunities that will enable the Nigerian National Petroleum Company Limited (NNPC) earn more revenue for the country. Chief Executive Officer (CEO) of...
The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent of the Liquefied Petroleum Gas (butane and propane) produced by the company to the Nigerian market. The NLNG said in a statement that it would prioritise the domestic market...