It was a moment of joy for stakeholders in the oil and gas industry as President Muhammadu Buhari unveiled the new Nigerian National Petroleum Company Limited (NNPC Ltd.) on July 19. Following the unveiling, the NNPC became fully commercialised and transited into a limited liability company. There are some...
oil and gas
On Tuesday, July 19th, 2022, the crème of Nigeria’s political and socio-economic environment, especially the oil and gas industry, witnessed the unveiling of the new Nigerian National Petroleum Company Limited (NNPC Limited) at the State House Conference Centre by President Muhammadu Buhari. There is no doubt that the milestone event...
President Muhammadu Buhari on Tuesday unveiled the new Nigerian National Petroleum Company Limited, a landmark event that officially changes the oil firm from a wholly state-run entity to a commercial oil company, limited by shares. The NNPC Limited is expected to be managed as a private energy enterprise unlike...
The Nigerian Export Promotion Council (NEPC) on Monday in Abuja reiterated the need to promote non-oil exports for Nigeria to meet its national and global economic demands. Dr Ezra Yakusak, Executive Director/CEO of NEPC said this at a five-day export promotion capacity building programme. The programme designed to train...
By TOM CHIAHEMEN, Abuja – Troops of Operation DELTA SAFE have recovered 4,339,000 litres of crude oil and 2,051,000 litres of AGO as well as 30,000 litres of DPK in the Niger Delta region, all valued at about N2.7billion. This followed the successful conduct of anti-illegal oil refining operations...
By EZEKIEL OBI, Abuja – The Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria (SCiN), Mr. Osagie Okunbor, has been named the sole recipient of the H.E. Dr Alirio Parra Lifetime Achievement Award in Nigeria Oil and Gas Industry for 2022. Named in honour of the...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) started the new week with an assurance to its investors and stakeholders that the days of complacency were over. The assurance came following the repositioning of the company to focus on profitability and value addition to its shareholders. The GMD/CEO of...
Sen. Margery Okadigbo, Chairman, Board of Directors, Nigerian National Petroleum Company Limited (NNPC) says roadmap for new NNPC will be hinged on the Petroleum Industry Act (PIA) 2021. Okadigbo made this known on Tuesday in Abuja at the ongoing 21st Nigerian Oil and Gas (NOG) Conference and Exhibition, tagged...
The Organisation of the Petroleum Exporting Countries (OPEC) has tasked the Federal Government to develop new technologies, strengthen human capacity and innovation to meet the world’s growing need for energy. OPEC said regular investment was needed in view of global oil sector requirement of cumulative investments of 11.8 trillion...
It is regrettable that Nigeria’s petroleum refineries are not working and the possibility of introducing subsidies on Automotive Gas Oil, also known as diesel, is unlikely, the Federal Government has said. The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, who made this...
.The Nigerian National Petroleum Company Limited (NNPC Ltd.) started it activities for the new week with words of commendation from the Nigeria Extractive Industries Transparency Initiative (NEITI). The Executive Secretary of NEITI, Dr Ogbonnaya Orji, stated at the first National Extractives Dialogue (NED) held in Abuja, that the NNPC...
The activities of the Nigerian National Petroleum Company Limited (NNPC Ltd.) for the new week started with a cheering news that the company would begin operation on July 1 as a limited liability company. The operation as a limited liability company is under the Companies and Allied Matters Act...
Nigeria’s crude oil production has increased by 70,000 barrels per day in May according to a Reuters Survey released on Tuesday. The document, which was obtained by the News Agency of Nigeria (NAN) in Lagos, showed that the country’s crude oil production averaged 1.42mbpd in May. The figure is...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the new week with a call on stakeholders to intensify efforts to address abject energy poverty in Africa. The GMD/CEO of NNPC, Malam Mele Kyari, made the call at the 2022 Africa Infrastructure Solutions Summit which recently...
The Nigerian Upstream Petroleum Regulations Commission (NUPRC) says its harmonised regulations will be operational by June 2022. It said it would enable the Petroleum Prospecting Licenses (PPL) to be issued to 2020 marginal field awardees. The NUPRC said the harmonised regulations would soon be forwarded to the Federal Ministry...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with the good news that Vanguard Newspapers nominated the company’s Group Managing Director (GMD) Malam Mele Kyari, for its 2021 Man of the Year Award. The Chairman Editorial Board of Vanguard Newspapers, Ochereome Nnanna, disclosed...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with a move by stakeholders to begin the implementation of the Petroleum Industry Act (PIA) in the upstream sector of the nation’s oil and gas industry. Minister of State for Petroleum Resources, Chief Timipre Sylva...
By JOY ADARA, Abuja – For Nigeria to continue to be relevant as a major player in the global oil and gas industry, it must come up with innovative ways of exploiting and exploring its abundant oil and gas. The minister of Petroleum Resources, Timipre Sylva stated this on...
The National Oil Spills Detection and Response Agency (NOSDRA) has confirmed an oil leak from a 12-inch Benisede-Brass Creek Delivery Line at Peretuorugbene in Bayelsa. The Director-General of of the agency, Mr Idris Musa, confirmed the incident on Sunday in an interview with the News Agency of Nigeria (NAN)...
The Nigerian National Petroleum Company Ltd. (NNPC) says the ongoing Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will be completed by the first quarter of 2023. Malam Mele Kyari, Group Managing Director, NNPC said this on Thursday while inspecting the AKK gas project site at Abaji, Abuja along with some NNPC...