By Emmanuella Anokam The Federal Government on Thursday announced the mechanical completion and flare start off of the Port Hacourt Refining Company Limited (PHRC). Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil) disclosed this on Thursday in Port Harcourt during a media tour on the refinery which rehabilitation commencedContinue Reading
By Emmanuella Anokam Mr Mele Kyari, the Group Chief Executive Officer (GCEO), Nigerian National Petroleum Company (NNPC) Ltd., says the company will utilise Nigeria’s abundant gas resources to revolutionise the nation’s power and industrial sector. Kyari said this in Abuja at a Shareholders Agreement (SHA) signing between the NNPC Ltd.,Continue Reading
By Emmanuella Anokam The Ministry of Petroleum Resources has presented its budget of N9.641bn to the Joint Committees of Senate and House of Representatives on Petroleum Resources (Upstream and Downstream, as well as Gas Resources). The presentation was part of 2023 budget implementation and 2024 budget defence by Ministries, DepartmentsContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with TotalEnergies for adoption and deployment of Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in its upstream operations. The agreement is a direct benefit from the Company’s participation at the recently concludedContinue Reading
Solid minerals sector ‘new oil’ for Nigeria economy — AA ZauraContinue Reading
By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded Chevron Nigeria Limited’s voluntary willingness to sign on as a supporting company of the Extractive Industries Transparency Initiative (EITI). Dr Orji Ogbonnaya Orji, Executive Secretary, NEITI, while speaking with newsmen on Monday in Abuja said the Seplat EnergyContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has won the 2023 The Whistler Newspaper’s award for Transparency and Innovation. The Group Chief Executive Officer (GCEO), NNPC Ltd., Mr Mele Kyari, received the award on behalf of the company during the Newspaper’s 2023 Awards Night on SaturdayContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has assured that projections on crude oil production and price benchmark for the 2024 Budget were realistic and realisable. The Group Chief Executive Officer (GCEO) of the Company, Mr Mele Kyari, gave the assurance during an interactive session withContinue Reading
By Emmanuella Anokam The Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, says Nigeria will meet and surpass the 2024 crude oil production budget benchmark of 1.7 million barrels per day (bpd). Lokpobiri said this at a stakeholder’s interactive session on Creating Value and Enabling Investments in Nigeria’s OilContinue Reading
By Lucy Ogalue The Executive Secretary, Nigeria Extractive Industry Transparency Initiative (NEITI), Dr Orji Ogbonnaya Orji, has called for stronger partnerships and collaborations among stakeholders to tackle corruption in Nigeria’s extractive industries. Orji said this at the United Nations International Anti-Corruption Day 2023 in Abuja on Friday. The News AgencyContinue Reading
