By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that the country’s Compressed Natural Gas (CNG) conversion capacity increased by over 2,500 per cent in 2024. Mr Farouk Ahmed, Authority Chief Executive, NMDPRA, said this on Thursday in Abuja, at the inaugural Petroleum Industry Stakeholders’Continue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the 2025 budget is predicated on 2.062 million barrels crude oil production at 75 dollars per barrel. Nigeria’s current production is averaging 1.7 million barrels leaving a deficit of about 350,000 barrels to be bridged. Mr Gbenga Komolafe, CommissionContinue Reading
By Emmanuella Anokam An eonomic expert, Dr Chijioke Ekechukwu says the coming on stream of more refineries in the country is expected to crash the prices of petroleum products. Ekechukwu, the Chief Executive Officer, Dignity Finance and Investment Ltd. said this on Tuesday in an interview with the News AgencyContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has revived the Warri Refinery with the re-streaming of the plant’s Crude Distillation Unit (CDU). The NNPC Ltd. said the restreaming of the CDU on Monday, marked the beginning of the gradual start-up ofContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.), has introduced the Production Monitoring Command Centre (PMCC) as a transformative step in hydrocarbon operations to boost production. The initiative, driven by NNPC Upstream Investment Management Services (NUIMS), builds on the success of the Command and Control Centre toContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.), says the old Port Harcourt refinery is fully operational and preparation for Saturday loading operation is currently ongoing. The NNPC Ltd. Chief Corporate Communications Officer, Olufemi Soneye said this in a statement on Saturday in Abuja. Soneye advised membersContinue Reading
By Yunus Yusuf The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 25 oil bidders emerged at the 2024 oil licensing bid round. The New Agency of Nigeria (NAN) reports that the Chief Executive of NUPRC, Mr Gbenga Komolafe, announced the winners at the licensing round commercial bid conference held inContinue Reading
By Yunus Yusuf Stakeholders in Nigeria’s oil and gas sector have urged the Federal Government to prioritise regional and continental strategies rather than focusing solely on national measures. They made the call during an interview with the News Agency of Nigeria (NAN) at the ongoing 2024 World LNG Summit andContinue Reading
By Yunus Yusuf Nigerian lawmakers have reiterated their commitment to strengthening policies aimed at benefiting host communities, particularly in the oil and gas sectors. They made the pledge during an interview with the News Agency of Nigeria (NAN) at the ongoing 2024 World LNG Summit and Awards inContinue Reading
By Yunus Yusuf Mr Nnamdi Anowi, the General Manager of Production, NLNG, on Tuesday called for more collaboration among the government, regulators and private sector players to address the world’s urgent energy challenges. Anowi gave the advice during the question and answer session of the World Leaders’ Panel sessionContinue Reading
