By Emmanuella Anokam The Group Chief Executive Officer of Oliserv Group of Companies, Emeka Okwuosa, has highlighted the challenges indigenous oil companies encounter in securing International Oil Companies (IOC)’s divested assets. Okwuosa listed the challenges in a presentation tagged: “Financing Africa’s Energy Companies”, on Thursday at the ongoing 8th Sub-SaharanContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited/TotalEnergies Joint Venture (JV) has achieved zero routine gas flare in all its assets. This feat was announced on Thursday during an inspection of the Oil Mining Lease (OML) 100 in South-eastern Niger Delta, off Port Harcourt, by a joint NNPC Ltd.Continue Reading
By Dorcas Jonah The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has expressed the Federal Government’s determination to tackle oil theft and vandalism in the Niger Delta region. Lokpobiri said this when the Interim Administrator of the Presidential Amnesty Programme (PAP), retired Maj.-Gen. Barry Ndiomu, led hisContinue Reading
Oil theft: Lawmaker urges FG to renew expand Tantita security contractContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Central Bank of Nigeria (CBN) have reviewed the NNPC Ltd.’s decision to domicile a significant portion of its revenues and other banking services with the CBN. The review was held during a meeting between the Group Chief ExecutiveContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company (NNPC) Ltd. has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. The Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, in a statement on Thursday, urged Nigerians to disregardContinue Reading
By Emmanuella Anokam The Federal Government has set up an inter-ministerial committee to suggest ways of achieving a sustainable gas supply to gas generating plants in the country. The inter-ministerial committee was constituted in Abuja by the Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo and the Minister ofContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the successful commencement of oil production from the Akpo West Field, located approximately 175 kilometres from Port Harcourt. The NNPC Ltd. said the production was in line with President Bola Tinubu’s directive that it should optimise productionContinue Reading
By Emmanuella Anokam The Federal Government says it will implement measures to significantly reduce the price of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas. It will also ensure the domestication and penetration of the LPG towards ensuring accessibility and availability for consumers across the country. Mr Ekperikpe Ekpo,Continue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified that Oil and Gas assets in Nigeria can only be transferred in accordance with the requirements of the Petroleum Industry Act (PIA 2021). NUPRC said that assets could be transferred in accordance with PIA (where applicable), the GuidelinesContinue Reading
