By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration & Production Limited (First E&P) Joint venture (JV) have donated N53 million to some Non-Governmental Organisations (NGOs) in the country. The NNPC Ltd. said the donation was part of its Corporate Social Responsibility (CSR) initiatives. MrContinue Reading
By Yusuf Yunus The Petroleum Technology Association of Nigeria (PETAN) has led delegates to the 2024 Offshore Technology Conference (OTC) in Houston, Texas U.S., to discuss sustainable energy solutions for Africa’s future. Mr Kevin Nwanze, Executive Secretary, PETAN, disclosed this in a statement on Sunday in Lagos. NwanzeContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the International Oil Companies (IOCs) have proposed 26 oil blocks to be divested to indigenous companies with 8.211 million barrels of oil reserves. The NUPRC said it had also engaged two leading global oil and gas decommissioning consultants toContinue Reading
By Femi Ogunshola The House of Representatives has reassured that the long queues at filling stations in the country will soon fizzle out. Rep. Ikenga Ugochinyere, Chairman, Petroleum Downstream, said this at a joint news conference in Abuja on Wednesday. “We hereby express our concerns over the temporary presence ofContinue Reading
By Emmanuella Anokam The Independent Petroleum Marketers Association of Nigeria (IPMAN) Depot Chairmen Forum has exonerated its members from the current fuel scarcity in the country. According to IPMAN, the scarcity is caused by its inability to source petroleum products. The IPMAN Depot Chairmen Forum also threatened to withdraw itsContinue Reading
By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulation Authority (NMDPRA) says consultation with stakeholders and public hearing must be conducted to review proposed draft regulations of the Petroleum Industry Act (PIA). The Authority’s Chief Executive, NMDPRA, Mr Farouk Ahmed, said this on Tuesday in Abuja at its stakeholder’sContinue Reading
By Yusuf Yunus The Major Energies Marketers Association of Nigeria (MEMAN) says it expects over 300 million litres of Premium Motor Spirit (PMS) from eight vessels to ease fuel scarcity and queues in Lagos and other parts of the country this week. MEMAN Chairman, Mr Huub Stokman, said this whileContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has begun the conduct of fresh bid round for marginal oil fields in Nigeria. The NUPRC said 12 oil fields would be offered together with the five from the 2022 bid round that was put on hold dueContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the Shell Petroleum Development Company of Nigeria Limited (SPDC) assets being considered for divestments have an estimated reserve of 4.96 billion barrels of oil. The Commission Chief Executive of NUPRC, Mr Gbenga Komolafe disclosed this on Monday in AbujaContinue Reading
By Emmanuella Anokam The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has developed a divestment framework to guide the assessment of applications for ministerial consent to the Shell Petroleum Development Company of Nigeria Ltd. (SPDC) divestment. The NUPRC said the framework with seven cardinal pillars would also guide other similar divestmentsContinue Reading
