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
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed two major agreements to deliver Liquefied Natural Gas (LNG) to the domestic gas market and the international LNG market. The agreements which were signed on the sidelines of the UN Climate Change Conference (COP28) saw NNPC Ltd.Continue Reading
By Raji Rasak The Transmission Company of Nigeria (TCN) says it has completed over 80 per cent of the power project under the Central Bank of Nigeria (CBN) N123 billon intervention in power sector. Mr Matthew Ajibade, the Programme Manager, TCN, Lagos, disclosed this during the inspection ofContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the African Continent needs “a just and differentiated transition” to enable it to harness its resources for the benefit of its future generations. The Group Chief Executive Officer (GCEO), NNPC Ltd., Mr Mele Kyari, said this while speakingContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the Regulatory Framework for Energy Transition, Decarbonisation and Carbon Monetisation for upstream operations in Nigeria. The unveiling was at the ongoing United Nations Climate Change Conference 2023 (COP28) in Dubai, United Arab Emirates. The Commission’s Chief Executive (CCE),Continue Reading
By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the NMDPRA Industry Sustainability Initiative (NISI) will create over 575 billion dollars in capital investment opportunities for Nigeria, through decarbonisation of operations. The NMDPRA, while hosting a session on “Nigeria’s Pathway to Energy Sustainability and NMDPRA’s Role”Continue Reading
By Lucy Ogalue Stakeholders in the energy sector have reiterated the importance of ensuring an inclusive, energised Nigeria. They spoke at the 2023 World Energy Day Celebration, organised by the Nigerian Association of Energy Economics on Thursday in Abuja. The event sponsored by the Petroleum Training Development Fund (PTDF) hasContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has waded into the dispute between Chevron Nigeria Limited and communities within the company’s Warri exploration and production area, Delta State, over Host Communities Trust Fund. The NUPRC urged both parties in the dispute to maintain the peace, pending theContinue Reading
