Tag: Nigeria oil and gas
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SNEPCO to Spend $6bn on Deepwater Projects
By Ndubuisi Micheal Obineme The Shell Nigeria Exploration and Production Company, SNEPCo has been projected to spend $6billion on deepwater projects in Nigeria from 2023 to 2032. The Country Chair and Managing Director of Shell Petroleum Development Corporation (SPDC), Mr Osagie Okunbor, announced this during a panel session at the fourth edition of Nigerian Oil…
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Decade of Gas: Wabote Advocates Annual Reporting on Implementation
…. Begins to allocate spaces to investors at NOGaPS As Nigeria navigates the 3rd year of implementing the Decade of Gas Programme of the Federal Government, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advocated for action parties to provide annual status reports of the successes,…
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Outlook for Nigeria’s upstream oil & gas sector positive for 2023 – Hawilti report
Lagos, Nigeria – Nigeria’s oil and gas industry experienced historic crises throughout 2022 as the sector struggled with severe crude thefts and pipeline vandalism constraining output. However, resumption of operations at onshore export terminals at the end of 2022 coupled with fresh offshore drilling activity have turned the outlook positive for 2023, shows new Hawilti…
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NNPC Limited Acquires OVH Energy Downstream Assets
In order to strengthen its downstream business portfolio to enhance profitability & guarantee National Energy Security, NNPC Limited has completed the acquisition of OVH Energy Downstream assets. These assets include a reception jetty (ASPM) with 240,000MT monthly capacity, 8 LPG Plants, 3 Lubes Blending Plants, 3 Aviation Depots and 12 warehouses. The acquisition, which is…
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Nigeria at 62: Chevron’s Commitment to Enabling Local Capacity
As the nation celebrates her 62nd independence, Chevron companies in Nigeria are proud of our partnership and contributions to the social and economic development of the country. We have learnt through decades of operating in Nigeria that our business success in providing affordable, reliable, ever-cleaner energy is directly tied to the progress and prosperity of…
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Funding The Nigerian Energy Mix For Sustainable Economic Growth
By Ndubuisi Micheal Obineme Nigerian energy, oil, and gas industry is transforming following the recent policy enactment by the government to reposition the industry for growth opportunities and attract more capital investment to the country’s energy sector. The Federal Government is making tremendous efforts and creating global opportunities under the Petroleum Industry Act (PIA) and…
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Nigeria Positioning to Become Alternative Gas Supplier to Europe – Sylva
By Ndubuisi Micheal Obineme …says the new policy from the European Union (EU) labeling gas and nuclear power as green energy was a ‘win-win’ for Europe and Africa. Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva has said that Nigeria is positioning herself to become an alternative gas supplier to Europe, adding that…
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NNPC/TotalEnergies JV Begin Oil Production From Ikike Field
TotalEnergies has begun oil production from the Ikike field located in oil mining lease (OML) 99, in Nigeria. The field, owned jointly with the Nigerian National Petroleum Corporation (NNPC) now Nigerian National Petroleum Company Limited, was discovered in 1977 with TotalEnergies (the operator) holding 40 per cent shares and NNPC 60 per cent shares. Located…
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ND Western Reiterates Commitment to Nigeria’s Energy Transition Agenda
By Ndubuisi Micheal Obineme ND Western Limited, Independent Nigerian oil and gas company, has reiterated its commitment to sustainable energy solutions, in contribution to Nigeria’s journey to decarbonization inline with the global energy transition agenda. The ND Western Chief Executive Officer, Eberechukwu Oji, revealed this at the 21st annual edition of the Nigerian Oil and…
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FG Reaffirms Commitment to Provide Enablers in Harnessing Nigeria’s Gas Potential
By Ndubuisi Micheal Obineme The Minister of State for Petroleum Resources, Timipre Sylva, has said that the Federal Government is fully committed to adopt new policies and regulations in harnessing the gas resources in the entire value chain for sustainable economic growth. The Minister made this known while delivering his address at the 2022 NOG…
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NOG 2022 To Showcase Upstream, Midstream Downstream Project Opportunities
Nigeria Oil and Gas Conference & Exhibition (NOG) 2022 will showcase the latest project opportunities in the upstream, midstream and downstream sector in the Nigerian oil and gas value chain. NOG Strategic Conference will review Nigeria’s positioning within the evolving global energy landscape, with a spotlight on emerging opportunities in the entire value chain of…
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FG To Maximize Local Content Opportunities In Midstream/Downstream Sectors
The Federal Government has expressed firm determination to fully catalyze investments in the midstream and downstream sectors of the petroleum sector, with a view to creating employment for teeming youths and maximizing local content opportunities. The Minister of State for Petroleum Resources, Chief Timipre Sylva gave assurance on Monday when he declared open the Nigerian…
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Stakeholders Chart Policies for Midstream/Downstream Sectors
Participants at the just concluded Nigerian Content Midstream and Downstream Oil and Gas Summit organized by the Nigerian Content Development and Monitoring Board (NCDMB) have beckoned on the Central Bank of Nigeria (CBN) to create a unique window of forex access to facilitate seamless operations of modular refineries in the Nigerian oil and gas industry.…
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Digitalization Will Address Cyberattacks on Critical Infrastructures, Oil Spills, Explosions in Oil, Gas Sector – PETAN
By Ndubuisi Micheal Obineme The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Nicolas Odinuwe, says adopting digital technologies will address the rising problems of cyberattacks on critical infrastructure, oil spills, explosions and theft in the Nigerian oil and gas industry. Odinuwe stated this while speaking in an exclusive interview with The Energy Republic…
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NLNG set to supply 100% of its LPG production into Nigeria
The Board of Directors of Nigeria LNG Limited (NLNG) has approved the supply of 100% of the company’s LPG production (Propane & Butane) to the Nigerian market. Consequently, NLNG will prioritize the domestic market for 100% of its Butane production, otherwise known as cooking gas. The milestone is coming just three months after the Company…
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NNPC Records ₦141.96bn Trading Surplus
The Nigerian National Petroleum Company (NNPC) Limited has announced a huge leap in trading surplus of ₦141.96 billion recorded in June 2021 compared to a deficit of ₦37.46Billion in May 2021. This is contained in the June 2021 figures of the NNPC Monthly Financial and Operations Report (MFOR). A trading surplus or trading deficit is…
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Nigeria Achieves 42% Local Content in $20.4bn Spent on Oil, Gas Projects
By Ndubuisi Micheal Obineme The Nigerian oil and gas industry has achieved 42 percent local content in $20.4 billion spent on major projects by oil firms between 2016 and 2020 through local content development, as the Federal Government has outlined plans to increase the Nigerian Content through the in-country capacity to 70 percent. Executive Secretary,…
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ENERGY TRANSITION: NIGERIA SHOULD OPTIMISE ITS RESOURCES – SHELL MD, OKUNBOR
The Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, has advised that Nigeria should adopt a two-pronged strategy for its energy transition programme in response to global call to reduce exploitation of fossil fuels and production of Green House Gases (GHG). Okunbor spoke last week while delivering the 51st Founders’ Day Lecture of…
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NNPC and IPPG to Collaborate in Repositioning Nigeria’s Oil, Gas Sector
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited Mallam Mele Kolo Kyari has told a delegation of the Independent Petroleum Producers Group (IPPG) that the industry is at a critical phase with the ongoing reforms and global energy transition drive. This development, according to the NNPC GMD, makes it imperative for…
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NIES 2022 to Put PIA on the Front burner
The recently enacted Petroleum Industry Act (PIA) 2021 and its implementation so far, will face thorough scrutiny by industry professionals, policymakers and stakeholders at the 2022 Nigeria International Energy Summit (NIES 2022), scheduled to take place in Abuja from February 27th to March 3rd, 2022. The Petroleum Industry Act 2021 was assented and signed into…
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FG to Support Investors with N250 billion for Autogas Conversion
The Federal Government has said that a sum of N250 billion will be made available for willing investors in autogas assembly plants in the country as part of efforts to ensure that the autogas conversion of vehicles yielded the desired results, The Minister of State for Petroleum Resources, Mr Timipre Sylva, disclosed this on Tuesday,…
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NLNG clarifies role in domestic LPG market
The Nigeria Liquefied Natural Gas (NLNG) has said that the report by the Punch Newspaper that it produces 22 Million Metric Tonnes Per Annum (MPTA) of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, is inaccurate. The Punch had on Sunday in an article titled “How high cost of cooking gas leaves Nigerians with…
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TotalEnergies Reiterates Confidence in Nigeria Oil and Gas Industry, Lists Conditions to Remain in Business
The French oil giant, TotalEnergies has once again assured and reiterated it’s plan to remain and do business in Nigeria despite the perceived intentions that the French company may follow the Royal Dutch multi-national firm, Shell to pull out it’s onshore investments in the country. However, TotalEnergies gave three major factors that will keep them…
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President Buhari Signs Petroleum Industry Bill into Law
President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law. Working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday, August 13, the President assented to the Bill Monday, August 16, in his determination to fulfil his constitutional duty. The ceremonial…
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PIC Group Awarded O&M Support Services Agreement for a New Refinery in Nigeria
ATLANTA —- Having operated and maintained assets, deployed and trained workforces in remote locations around the world, and building on years of experience in Nigeria, PIC Group has entered into a 5-year service agreement with Azikel Petroleum Ltd. for the new Azikel Refinery to be located in Yenagoa, Bayelsa State, Nigeria. Under the terms of…
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DPR Seeks Stronger Legal, Financial, Indigenous Capacity in Nigeria’s Petroleum Industry
By Ndubuisi Micheal Obineme Abuja – The Department of Petroleum Resources (DPR) has said that for a sustainable national economic stability and growth, there is a need to strengthen legal, institutional, financial, in-sector diversification, and indigenous capacity in Nigeria’s petroleum industry. In a keynote address at the 20th edition of the Nigeria Oil & Gas…
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Nigeria: Senate Passes Petroleum Industry Bill
The Nigerian Senate and the House of Representatives made history on Thursday 1st June 2021 when they passed the Petroleum Industry Bill (PIB) into law after two decades. The PIB’s approval is essential to attract investment into the Nigerian oil and gas industry. The PIB passed the third reading after Mohammed Sabo, chairman of the…
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NOG 2021: Fortifying the Nigerian Oil and Gas Industry for Economic Stability and Growth
The 20th edition of Nigeria Oil & Gas Conference and Exhibition (NOG) will hold a physical event on 5 – 8, July 2021 with the theme “Fortifying the Nigerian Oil and Gas Industry for Economic Stability and Growth”. NOG, which is organized annually by DMG Events, is Nigeria’s largest gathering of oil and gas event,…
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Chief Sylva Calls on Oil and Gas Industry Leaders to Embrace the Culture of Collaboration
By Ndubuisi Micheal Obineme The Minister of State for Petroleum Resources, Chief Timipre Sylva, has called on the leaders in Nigeria’s oil and gas industry to embrace the culture of collaboration. Sylva said this in his welcome address at the opening ceremony of the just concluded 2021 Nigeria International Petroleum Summit (NIPS), which held in…
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NOGOF 2021: Jake Riley Urges Government Functionaries, Stakeholders to Seize Opportunities, Implement Deliberations
Lagos-Nigeria, May 28: Following the successful completion of this edition of Nigeria Oil and Gas Opportunity Fair, NOGOF 2021 the event consulting firm, Jake Riley has urged state actors, investors, operators, and service companies alike to take advantage of the identified opportunities and not just exit the two-day deliberations like another talk show. This was…