In furtherance of its commitment to monetize Nigeria’s vast natural gas resources, the NNPC Limited has executed a Project Development Agreement (PDA) on 400-500mmscf Gas Deal with Golar LNG for the deployment of a Floating Liquefied Natural Gas (LNG) offshore Niger Delta, Nigeria. The signing ceremony, which took place on Monday 10th June, 2024, was […]

 …Targets 5% Increase in Market Share through EPC Projects The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has announced a 137 percent increase in operating profits for the year 2023. This was disclosed by the Chairman of the company’s Board of Directors and Executive Vice […]

Key officials of the Uganda National Oil Company (UNOC) on Monday began a working visit to the Nigerian Content Development and Monitoring Board (NCDMB), stating that they were here to learn and that their country stands to gain substantially from Nigeria’s experience in local content development. Welcoming the four-member UNOC delegation at a meeting at […]

African Export-Import Bank (Afreximbank) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC) Limited. This brings the total current funded facility size to US$ 3.175 billion. Arranged and coordinated by Afreximbank, the accordion arrangement saw the raising of a […]

The Nigerian Minister of State for Petroleum Oil Sen. Heineken Lokpobiri has reiterated the commitment of present administration of President Bola Ahmed Tinubu in resolving all hiccups that are militating against the conclusion of Oilfield divestment deal between ExxonMobil and Seplat. He honourable Minister pledged this commitment recently via his X handle which is formerly twitter […]

The Management of Bristow Helicopters recently visited the Nigerian Content Development and Monitoring Board (NCDMB) and proposed to partner closely with the Board on initiatives such as the establishmentof a centre of excellence in the aviation sector,commencement of a search and rescue service and the introduction of light-wing aircrafts into the Nigerian oil and gas […]

As part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry, NNPC Energy Services Limited (EnServ) and Schlumberger (SLB), a renowned global technology company, have signed a technical partnership agreement towards bolstering upstream operations. The agreement was signed at the NNPC Ltd.’s Corporate Headquarters in Abuja on Thursday, with senior […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is bringing to the public notice the NUPRC hosting of Nigeria 2024 Licensing Round Pre-Bid Conference. This is seen as a follow up to the commission’s recently organized successful Miami International Roadshow for the 2024 licensing round which was done in partnership with the Petroleum Technology Association of Nigeria […]

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe was on Wednesday inducted into the Fellowship of the Nigerian Society of Engineers. The investiture was performed by the President/Chair-in-Council of the NSE, Engr. Margaret Aina Oguntala, FNSE at a ceremony in Abuja. In her remarks at the occasion, the President of NSE congratulated the 63 new inductees and urged them to […]

Platform Petroleum Limited has applauded the positive impact of the Petroleum Industry Act (PIA) on Nigeria’s oil and gas sector. Speaking during the “Investment Opportunities in Nigeria” panel session at the “Invest in Africa Energy 2024” conference held in Paris, France, Mr. John Anim, Managing Director of Platform Petroleum Limited, said that the PIA has […]