Tag: Chevron

Nigeria Mulls Drill Or Drop Policy For Shell, TotalEnergies, Chevron, Others

Abibat Babalola

The federal government has called on International Oil Companies (IOCs) operating in Nigeria to ensure development and utilization of their assets, as it disclose plans to begin implementing the drill or drop provisions of the Petroleum Industry Act (PIA) where necessary. Heineken Lokpobiri, minister of Petroleum Resources (Oil), stated this at the Cross Industry Group (CIG) meeting organized by IOCs operating in Nigeria, held in Florence, Italy. According to Lokpobiri, industry players are expected to explore collaborative measures such as shared resources for contiguous assets, farm-outs, and the release of…

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PNC ’24: TotalEnergies, Chevron, Oando, Aradel Underscore Divestments, Offshore Opportunities As NCDMB Launches Content Academy

Ganiyu Amodu

▪️ Panelists at PNC Forum demand position people at the centre of sustainable development scheme   Panelists at the ongoing Practical Nigerian Content (PNC) forum have underscored divestments, offshore opportunities just as the Nigerian Content Development and Monitoring Board (NCDMB) launched the Content Academy. The panelists including Managing Directors of TotalEnergies, Chevron, Oando, and Aradel Holdings Plc also demanded that people should be positioned at the centre of sustainable development. Managing Director of Aradel Holdings Plc, Adegbite Falade, stated during the panel discussion that the divestments represented an opportunity to…

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Chevron Offers Oil Asset For Sale In Nigeria

ADEOLA YUSUF

American oil giant Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, as the company seeks to dispose of ageing assets to focus on its fast-growing U.S. production. The U.S. energy giant is offering its 40 per cent stake in the shallow-water Oil Mining Lease (OML) 86 and OML 88, which produce around 6,200 barrels of oil equivalent per day, the document says. The sale is also part of a broader retreat by international oil companies from Nigerian oil and gas fields that…

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GOCOP Confab ’22: Delta, Lagos, NIMASA, Chevron, NDDC, Access Bank, Unity Bank, Glo Join Partners

Abibat Babalola

Lagos, 26 September, 2022: The momentum has continued to rise for the sixth annual conference of the Guild of Corporate Online Publishers (GOCOP) as more corporate partners have lent their support for the event scheduled for Thursday, October 6 at Sheraton Hotel, Ikeja-Lagos. The chairman, 2022 Conference Committee, Mr. Ken Ugbechie revealed on Monday that the latest partners comprised Delta State and Lagos State, in addition to the Nigerian Maritime Administration and Safety Agency (NIMASA), Chevron Nigeria Limited, and Niger Delta Development Commission (NDDC). A press statement by GOCOP Publicity…

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Nigeria Eyes $500bn, Renews Offshore Deals With Shell, ExxonMobil, Chevron

ADEOLA YUSUF

OMLs 128 – 138, full list of five oil mining leases (OMLs) and what the MDs of Shell, ExxonMobil, Chevron said about their Production  Sharing Contracts (PSCs) renewals    The Nigerian National Petroleum Company (NNPC) has executed fully termed agreements for the renegotiated Production Sharing Contracts with contractors in five Oil Mining leases, Platforms Africa reports. This, which came only one month after it had transited into a fully limuted liability company, is, according to the Nigerian government, a step towards unlocking over $500 billion in revenue from its oil…

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NLNG, NCDMB, Chevron, SNEPCo, Others bag awards at 2022 NIES

ADEOLA YUSUF

OPEC’s Barkindo, MNPC’s Kyari, ex-Minister Ibe Kachikwu, here is the full list of who won what at the prestigious award The Nigeria LNG Company Ltd. (NLNG) has won the 2021 Gas Infrastructure Project Company of the year award in the Nigeria oil and gas sector. The Nigerian Content Development and Monitoring Board (NCDMB) also won an award for its role, which has made Nigeria a role model for other countries in Africa in terms of local content development and monitoring. Platforms Africa reports that the award was conferred on the…

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