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
By Yusuf Yunus African oil and gas executives and Small Medium Enterprises (SMEs) operators are set to discuss opportunities and collaborations for investment in the industry at the 2024 Offshore Technology Conference (OTC) in Houston, Texas, U.S. Mrs Jumoke Oyedun, the Chief Executive Officer of New House International Ltd.,Continue Reading
By Emmanuella Anokam The Federal Government through the Presidential Compressed Natural Gas Initiative (P-CNGi) has attracted a 50 million dollar deal for the conversion of commercial vehicles to run on Compressed Natural Gas (CNG). The P-CNGi Programme Director/Chief Executive, Mr Michael Oluwagbemi, said this on Saturday during a Live programmeContinue Reading
FG employing dual-pronged approach to address illegal mining -AlakeContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the issues that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. The NNPC Ltd. said that the issues were as a result of logistics problems.Continue Reading
By Emmanuella Anokam Motorists in the Federal Capital Territory (FCT) have expressed worry over the long queues presently experienced at fueling stations within Abuja due to scarcity of Premium Motor Spirit (PMS) known as fuel. The News Agency of Nigeria (NAN) correspondent, who went round the town on Wednesday reportsContinue Reading
By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI), says it has developed a Corrective Action Plan to address issues identified in its validation report by the global Extractive Industries Transparency Initiative (EITI). It said the corrective action plan had been shared with the EITI International Secretariat, outlining concreteContinue Reading
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
