By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture (JV) partner, Newcross Exploration and Production Ltd., have restarted production at Awoba field, Port Harcourt, Rivers. The NNPC Ltd. said the field last contributed to the Bonny Terminal in 2021 and was finally shut downContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its joint venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset. Production from the asset, also known as Madu Field, which is located in shallow watersContinue Reading
By Emmanuella Anokam The Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo, says if gas resources available in the states are harnessed and utilised, power plants and ailing industries would come alive. The Minister said this on Thursday in Abuja when he received the Governor of Akwa Ibom, PastorContinue Reading
By Emmanuella Anokam The Chief of Defence Staff, Gen. Christopher Musa, says plans are underway for a security summit aimed at tackling challenges associated with securing oil and gas installations in the country especially pipelines. Musa, who disclosed this on Thursday in Abuja when he visited Sen. Heineken Lokpobiri, MinisterContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has identified the Nigerian Gas Flare Commercialisation Programme (NGFCP) 2022 as one of the critical pathways to achieving Net Zero Carbon Emission. The Commission’s Chief Executive, Mr Gbenga Komolafe, said this at its Investors’ Forum on Wednesday in Abuja. TheContinue Reading
By Yusuf Yunus Mr Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), has expressed the Federal Government’s readiness to collaborate with the Petroleum Technology Association of Nigeria (PETAN) to increase the country’s oil production and revenue. Lokpobiri said that the partnership became necessary to address the dwindling oilContinue Reading
By Emmanuella Anokam The distribution of Premium Motor Spirit (PMS) also known as fuel is gradually normalising as most fuel stations in the Federal Capital Territory (FCT) have started dispensing the product. The News Agency of Nigeria (NAN) recalls that long queues were seen at most fuel stations due toContinue Reading
By Emmanuella Anokam The Federal Government says measures are being put in place to restore oil production in view of recent concerns regarding shortfall in oil production in Nigeria in the first quarter of 2024. Sen. Heineken Lokpobiri, Minster of State for Petroleum Resource (Oil) said this in a statementContinue Reading
By Naomi Sharang Gov. Hope Uzodimma of Imo and the Chairman, crude oil theft and management committee, says his committee is working to end crude oil theft in the country, within the shortest possible time. Uzodimma stated this when he briefed newsmen, shortly after a stakeholders meeting that lastedContinue Reading
By Emmanuella Anokam An Economist, Dr Chijioke Ekechukwu says Foreign Exchange (Forex) is not the only determinant of high prices of goods and services. Ekechukwu, who is the Managing Director and Chief Executive Officer, Dignity Finance and Investment Ltd., spoke with the News Agency of Nigeria (NAN) on Tuesday inContinue Reading
