Oil & Gas (Page 56)

By Emmanuella Anokam The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments. OPEC Secretary-General, Haitham Al Ghais said this in a statement obtained in Abuja on Thursday while responding to the latest comments by theContinue Reading

By Emmanuella Anokam TotalEnergies E&P Nigeria Ltd. has described its Industry Revolution Award at the Nigeria International Energy Summit (NIES 2023) as a testament to the company’s commitment to the sustainable development of Nigeria. Dr Charles Ebereonwu, TotalEnergies Country Communication Manager, said this on Saturday in an interview with theContinue Reading

By Emmanuella Anokam The Federal Government says it is considering how best to achieve subsidy removal without disrupting livelihoods in Nigeria. Amb. Gabriel Aduda, Permanent Secretary, Ministry of Petroleum Resources, said this while briefing newsmen on Thursday at the end of the Nigeria International Energy Summit (NIES 2023). He saidContinue Reading

By Emmanuella Anokam Some top oil and gas companies in Nigeria have called for full deregulation of the downstream sector of the oil and gas industry. The Indigenous Oil Companies, particularly those operating in the African energy space, made this known in Abuja at the sixth edition of the NigeriaContinue Reading

By Emmanuella Anokam Two international oil majors, Shell and Schlumberger and Nigeria’s Techno Oil Ltd. have clinched awards for excellence in service delivery to Africa’s largest economy, Nigeria. The awards were bestowed on the companies on Thursday at the 6th Nigeria International Energy Summit (NIES 2023) Industry Awards in Abuja.Continue Reading

By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd), says COVID-19 recovery and volatility triggered by Russia-Ukraine war occasioned rapid rise in oil and gas demand as a result of fear of fuel scarcity. The NNPC Ltd said this had necessitated further investment in oil and gas. Sen.Continue Reading

By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd), says that energy security will rightly be achieved by the realisation of Nigeria’s Decade of Gas Initiatives inaugurated in 2021 by President Muhammadu Buhari. Malam Mele Kyari, Group Chief Executive Officer, NNPC Limited, said this on Wednesday in AbujaContinue Reading

By Emmanuella Anokam The Nigerian Content Development and Monitoring Board (NCDMB), has said that the construction of the Liquefied Natural Gas (LNG) Train7 has witnessed 60 per cent local content. Executive Secretary, NCDMB, Mr Simbi Wabote, said this on Wednesday in Abuja while briefing newsmen on the forthcoming Oil andContinue Reading