The Nigerian National Petroleum Company (NNPC) Ltd. has reiterated its commitment towards utilising Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development. NNPC Ltd.’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, disclosed this during a Panel Session at the ongoing 2024 CERAWeek Conference in Houston, the United States, on Tuesday. Eyesan, whose session […]

*It’s a new phase in Nigeria’s Energy Transition Plan– VP Shettima* Vice President Kashim Shettima has said Nigeria’s energy transition journey as well as its resolve to embrace clean and renewable energy solutions remains on track under the administration of President Bola Ahmed Tinubu. The Vice President stated this on Tuesday at the Presidential Villa […]

The long awaited Nigeria-Morocco Gas Pipeline Project has now taken a progressive shape as the Final Investment Decision of the 7,000km and 3 Bcf/d gas pipeline, which was conceived in 2016, will be signed in December 2024. The Nigerian National Petroleum Company Limited NNPCL Group Chief Executive Officer Kyari said this on Tuesday at the 2024 […]

UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development. The request was made on Wednesday at the Nigerian Content Tower in Yenagoa, Bayelsa State […]

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, announces that it has signed separate Share Purchase Agreements (SPAs) with Sinopec International Petroleum Exploration and Production Corporation (SIPC) and Jagal Ventures Limited (Jagal) to acquire 100% of the outstanding share capital of Sinopec International Petroleum Exploration and Production Company […]

The Independent Petroleum Producers Group (IPPG) wholeheartedly endorses the recent Executive Orders signed by President Bola Ahmed Tinubu GCFR, aimed at revitalizing investment in Nigeria’s oil and gas sector and positioning the nation as Africa’s premier investment destination within the energy sector. In a statement signed on behalf of the IPPG by its Chairman, Abdulrazaq […]

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbeon has applauded President Bola Ahmed Tinubu, GCFR, for announcing three Presidential Executive Orders directed at incentivizing the Nigerian oil and gas industry, encouraging new investments in the sector, reducing contracting costsand timelines, and promoting cost efficiency in local content […]

Production at OML18 has improved since last year’s difficulties with the Nembe Creek Trunk Line (NCTL) and production recently has been in the region of 10,000 barrels of oil per day (bopd) alongside gas production.  Should the Refinancing complete and the Company makes its planned investments in ELI, the Alternative Crude Oil Evacuation System’s (ACOES) […]

The Nigerian Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has recently hosted top officials of Shanghai Huayi Energy Chemical Company Group of China (HUAYI) and China Road and Bridge Corporation in his office. The visit of Chinese to the nation’s Petroleum Minister of Gas as was disclosed in his X handle, was […]

President Bola Tinubu has on Wednesday 6, 2024 signed executive orders introducing tax credits for some onshore and shallow-water locations and streamlining contract approvals, the government said in a statement on X. The measures also include some local-content requirements Bloomberg has reported. Nigeria is already Africa’s largest oil producer and a member of the Organization […]