Oil & Gas (Page 58)

By Ella Anokam The appointments of Malam Mele Kyari and Mr Umar Ajiya to the Nigerian National Petroleum Company Limited (NNPC Ltd) have nothing to do with their careers in the old NNPC, according to Mr Garbadeen Muhammad, Chief Corporate Communications Officer of NNPC Limited. In a statement on WednesdayContinue Reading

By Ella Anokam The Society of Petroleum Engineers (SPE), Nigeria Council says in view of energy transition, Nigeria needs to effectively harness potential of gas resources to ensure energy security. Mr Felix Obike, the Chairman, SPE, Nigeria Council said this on Sunday in an interview with the News Agency ofContinue Reading

By Ella Anokam The Federal Government says the utilisation of gas can help to diversify Nigeria’s energy mix and reduce the country’s dependence on oil. It said in line with this President Muhammadu Buhari in 2021 declared 2021 to 2030 as “Nigeria’s Decade of Gas“, a period the government aspiredContinue Reading

By Ella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd), says Nigeria’s domestic gas infrastructure network has capacity to transport 6.9 billion Standard Cubic Feet (BCF) of gas to support power generation and gas-based industries. Malam Mele Kyari, Group Chief Executive Officer (GCEO), NNPC Ltd., made this known onContinue Reading

By Ella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given operators of the Oil Mining Lease 42 (OML 42) two weeks ultimatum to resolve the Host Communities Development Trust (HCDT) issues. NUPRC said if the oil operators failed to comply with its directives, they would be sanctioned inContinue Reading

By Ella Anokam President Muhammadu Buhari has approved the amendment of the 2022/2023 Deep Offshore oil block mini-bid process to accommodate concerns raised by potential local and international investors. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) stated in Abuja on Saturday that the amendments would address concerns over the terminalContinue Reading

By Ella Anokam The Minister of State for Petroleum Resources, Chief Timipre Sylva has resigned from office. Information obtained by the News Agency of Nigeria (NAN) Abuja on Friday from unconfirmed sources, said the minister has submitted his resignation letter to President Muhammadu Buhari. According to the sources, Sylva hasContinue Reading