Oil & Gas (Page 37)

By Emmanuella Anokam The Nigerian National Petroleum Company (NNPC) Ltd. says there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. The NNPC Ltd, in a statement by its Chief Corporate Communications Officer, Mr Olufemi Soneye, on Wednesday, urged Nigerians to disregard unfoundedContinue Reading

By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rolled out its action plan for 2024 and near term 2024 to 2026 while highlighting regulatory actions to be implemented in furtherance of its mandate. The Commission’s Chief Executive (CCE), Mr Gbenga Komolafe, in a statement on Monday saidContinue Reading

By Emmanuella Anokam Some Oil and Gas Experts have said that the coming on stream of both Port Harcourt and Dangote refineries may lead to some marginal reduction in the cost of petroleum products and not a significant price crash. The experts made this known in an interview with theContinue Reading

By Emmanuella Anokam The Federal Government says re-streaming the Port Harcourt Refinery will increase supply of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, and automatically halt importation. The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, said this on Thursday during an inspection of facilities at the PortContinue Reading

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