Tag: Nigerian oil

Nigeria Declares State of Emergency on Oil Production

Aliyu Aliyu

. NNPCL calls for collaboration to reduce costs In a bid to boost Nigeria’s crude oil production and reserves, the Nigerian National Petroleum Company Limited (NNPC Ltd) has declared a state of emergency on production in the country’s oil and gas industry. Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, made this announcement during his keynote address at the opening ceremony of the 23rd Nigeria Oil & Gas Conference and Exhibition (NOG Energy Week) in Abuja on Tuesday, July 2, 2024. Nigerians’ Annual Spending On Fuelling, Servicing of…

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NNPCL Appoints Jean-Marc Cordier Head of Its Oil Trading Arm

ADEOLA YUSUF

All you may need to know about the French/Swiss national   A former Vice President of the Abu Dhabi National Oil Company (ADNOC) has joined the services of the Nigerian National Petroleum Company (NNPC) Limited as Head of its oil trading arm, NNPC Trading Ltd. Chief Corporate Communications Officer NNPC Limited, Garba Deen Muhammad, in a statement made available to SlyeNews cordier’s appointment is in furtherance of the ongoing repositioning drive in the company towards improved growth, better performance, and service delivery. READ ALSO: ‘He’s A Racist,’ Nigeria Revokes Seplat…

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Minister, NUPRC Boss Divided Over Nigeria’s Oil Revenue Losses

ADEOLA YUSUF

… Theft, pipeline vandalism responsible for volumes of crude oil losses – Sylva … No, metering error is responsible for Nigeria’s huge oil revenue losses – Komolafe   Nigeria’s minister of state for petroleum Resources, Timipre Sylva, and chief executive of the Nigerian Upstream Regulatory Commission (NUPRC), Gbenga Komolafe, have sharply divided over major factor responsible for crude losses in the country. Komolafe in a document presented at one of major industry events in Nigeria said that measurement inaccuracies is a major factor for huge looses suffered by Nigeria in…

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NNPCL Takes Over Addax Multi-Billion Dollars PSC Assets

ADEOLA YUSUF

The Nigeria National Petroleum Company Limited says it has taken over the operation of Production Sharing Contract assets from Addax Petroleum Development Nigeria Limited. The NNPCL Chief Corporate Communications Officer, Garba Deen Muhammad, said this in a statement on Tuesday. Muhammad said all closing obligations had been concluded and the assets transferred to the Concessionaire, NNPC Limited. READ ALSO: Oil Workers Kick As Petrol Hits N650 Per Litre OML 18: Fire Guts Nigeria Oil Block’s Wellhead Nigeria Begins Deep Offshore Oil Blocks’ Mini-Bid Round Nigeria To Auction Seven Oil Blocks…

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Nigeria Begins Deep Offshore Oil Blocks’ Mini-Bid Round

ADEOLA YUSUF

Here is the list and details of the oil blocks on offer – NUPRC   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2022 deep offshore mini-bid round, promising that the process would be transparent and competitive. The Seven blocks on offer, are Blocks PPL-300-DO, PPL-301-DO and PPL-302-DO are located in the Nigerian Transform Margin area. Blocks PPL-303-DO, PPL-304-DO, PPL-305-DO and PPL-306-DO are within the deepwater Niger Delta Basin. According to a statement issued on Wednesday and signed by the commission’s Chief Executive, Gbenga Komolafe,…

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Enemies Of Nigerian Oil Sector Reforms Want To Kill Me – Kyari

Aliyu Aliyu

NNPCL boss paints pictures of how his life is under threat, opens up on why smuggling and round-tripping of petrol from Nigeria will never stop   The Chief Executive Officer of the NNPC Limited, Mele Kyari has said that his life is under threat on account of changes in the country’s oil sector. He spoke in Abuja on Wednesday at the Legislative Transparency and Accountability Summit organised by the House of Representatives Anti-Corruption Committee,where he also said those opposed to changes in the sector have resorted to threats in a…

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Why Nigerian Oil Stakeholders Should Attend 40th AICE – NAPE

Ganiyu Amodu

    Highest body of petroleum Explorationists in Nigeria, National Association of Petroleum Explorationists (NAPE) has outlined new technologies, regulation and opportunities in the industry as key reasons its 40th Annual International Conference and Exhibition (AICE) should be well attended by stakeholders. Platforms Africa reports that the conference is themed: Global Energy Transition & the Future of the Oil and Gas Industry: Evolving Regulations, Emerging Concepts & Opportunities. READ ALSO: Pennsylvania State Representative Reelected Despite Being Dead Why Awarding Qatar W’Cup Was A Mistake – Ex-FIFA President, Blatter Donald Trump’s…

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