The Federal Government on Wednesday directed the management of the Nigerian National Petroleum Company Ltd. (NNPCL) to increase oil production beyond current levels by the end of the year. The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, said this in an interview with the News Agency...
oil and gas
Petroleum Technology Association of Nigeria (PETAN) says its consistent presence at the Offshore Technology Conference (OTC) has spurred over eight billion dollars in investments for Nigeria’s oil and gas sector. Its Chairman, Mr Wole Ogunsanya, disclosed this on Tuesday during the PETAN Luncheon and Panel Session held at the...
Nigerian government has called for decisive and unified action to unlock the country’s vast natural gas reserves. Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, disclosed this while delivering a keynote address at the ongoing Offshore Technology Conference hosted by Petroleum Technology Association of Nigeria (PETAN) on...
Seplat Energy Plc has said it is increasing domestic gas supply in Nigeria by installing over 850 million standard cubic feet per day (MMscfd) of infrastructure. Chief Operating Officer, Mr Samson Ezugworie, stated on Sunday that the company is working diligently to address Nigeria’s persistent energy poverty. Ezugworie confirmed...
The Nigerian Gas Association (NGA) has said the gas sector has attracted more than five billion dollars in new investments as at 2024. President of the NGA, Mr Akachukwu Nwokedi, disclosed this during a news conference on Saturday in Lagos, ahead of the 29th World Gas Conference (WGC 2025)...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Friday said that the nation’s crude oil reserves stood at 37.28 billion barrels (bb) as at Jan. 1, 2025. The commission also said that Nigeria’s gas reserves hit 210.54 trillion Cubic Feet (tcf). Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, who...
The National Oil Spill Detection and Response Agency (NOSDRA) confirmed Shell’s liabilities will transfer to Renaissance Africa Energy after its acquisition of SPDC. NOSDRA Director-General, Mr Chukwuemeka Woke, stated this on Wednesday in Abuja during a visit by Renaissance Africa Energy’s Managing Director, Tony Attah. Renaissance, a consortium of...
Bayelsa State Government has condemned the vandalism of the Ogboinbiri/Obiobi 24-inch Gas Pipeline between Angiama and Angiamagbene in Southern Ijaw Local Government Area. The News Agency of Nigeria (NAN) reports that the 24 inch Ogboinbiri/Obiobi Gas Pipeline operated by Oando feeds the Nigeria Liquid Natural Gas (NLNG) export facility...
Shell has unveiled a series of strategic initiatives aimed at enhancing local content in Nigeria’s oil and gas sector. This is in a bid to promote partnerships, capacity building, and regulatory adherence to maximise value for local businesses. Shell’s Media Relations Manager, Gladys Afam-Anadu, made this known in a...
Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPCL), Malam Mele Kyari, has reiterated the company’s commitment to strengthening collaboration with stakeholders in the oil and gas sector. He said this on Monday at the ongoing Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos. The...
By JOY ADARA, Abuja – In a significant stride towards supporting Nigeria’s commitment to reducing greenhouse gas emissions by 20% unconditionally and 47% conditionally, as stipulated in the Nationally Determined Contributions under the Paris Agreement, the NNPC Ltd and First Exploration & Petroleum Development Company Limited (First E&P) Joint...
By EMMANUEL KUJE, Abuja – President Bola Ahmed Tinubu’s investor-friendly fiscal policies have been pinpointed as the reason for Nigeria’s new leading status as Africa’s top oil & gas investment hub, a renowned media group has observed. The Tinubu Media Support Group (TMSG) which based its observation on the...
Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses, has agreed to a bulk purchase framework with Dangote Refinery. Its Head of Brands and Corporate Communications, Mr Grant Onome, said in a statement on Monday that the framework would see his company offtake a full slate...
The Democratic Front (TDF) has said the announcement of a five billion dollar Bonga North Deep Offshore field Final Investment Decision (FID) by Shell is a sign that Nigeria remains an investment-friendly destination. In a statement signed by its Chairman, Malam Danjuma Muhammad, and Secretary, Chief Wale Adedayo, TDF...
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Mr Wole Ogunsanya, has called for the privatisation of Nigeria’s oil and gas pipelines. He described it as a “commonwealth solution” to ensure the efficiency and sustainability of the nation’s critical oil and gas industry. Ogunsanya said this in a...
Nigerian Coalition of Civil Society Organisations (NICOCSO) has called on Nigerian National Petroleum Company Limited (NNPCL) to render account of the 20 billion US dollar allegedly spent for the repair of refineries since 2007. The News Agency of Nigeria (NAN) reports that the call came amidst threat by the...
The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company Ltd. (NNPC Ltd.), has executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. Under the agreement, the NNPC Gas Marketing Limited will supply 100 Cubic Feet Per Day (MMSCF/D)...
The Federal Government has introduced new fiscal incentives to boost foreign investments in Nigeria’s oil and gas sector. The two incentives were unveiled by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun in a statement on Wednesday. According to the statement by the Finance Ministry,...
The Federal Government has released N122 billion to six gas infrastructure companies with the goal of transforming the midstream gas value chain across the country. The Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo, said this at the Midstream Downstream Gas Infrastructure Fund (MDGIF)/Promoters Agreement Signing Ceremony, in...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has successfully secured over N60 billion and 100 million dollars for the oil and gas host community development trust fund. Commission Chief Executive of NUPRC, Gbenga Komolafe, said this during the inauguration of the Body of Neutrals at the Upstream...