Nigeria’s Oil Production Hits 1.7 Million Barrels Daily

. How we achieved new output mark – NNPC   The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says Nigeria’s oil production has reached 1.7mbpd as of Saturday. The NNPCL boss who stated that the production is coming from 1.28 million barrels per day a few months ago, did not state whether the growth in production includes condensate. However, some stakeholders are asking for the technical presentation regarding Kolman River and Bornu Basin (the Nigerian sector of the Chad Basin,) discoveries to be presented…

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NNPC, Total Energies JV Achieves Zero Gas Flare

The NNPC Ltd/TotalEnergies Joint Venture has achieved zero routine gas flare in all its assets. This feat was announced on Thursday during an inspection tour of OML 100 in South-eastern Niger Delta, off Port Harcourt, by a joint NNPC Ltd and TotalEnergies Team to ascertain the success of the OML Flare Reduction Project launched in December 2023. Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, in a statement said the feat was in pursuit of meeting the targets of 20% (unconditional) and 47% (conditional) greenhouse gas emission reduction as contained in…

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21 Days: PH Refinery’s Procurement Hits 98%, Power Substation Energized – NNPC

Be the judge. This is the update the NNPCL gave. Read and let’s know what you feel. Will the refinery still be ready by this December?     The Substation 1 of the Port Harcourt refinery has been energized and will power 14 others, the Nigerian National Petroleum Company Limited (NNPC) has declared. Platforms Africa reports that this, contained n the company’s latest update on the level of progress made in the refinery’s rehabilitation project, is in a response to the countdown on the deluvery deadline Gordon the refinery, being…

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Nigeria Crashes Oil Contract Cycle To 180 Days, NCDMB, NNPC, IOCs Seal Deal

With the goal of quickly ramping up Nigeria’s flagging crude oil production, ensuring compliance with the provisions of the Nigerian Content Act, and timely approvals of documents, the Nigerian Content Development and Monitoring Board (NCDMB) on Monday in Abuja signed a Memorandum of Understanding (MoU) cum Service Level Agreement (SLA) with the Nigerian National Petroleum Company Ltd (NNPC Ltd) and five international oil-producing companies. The SLA was conceptualised by the NCDMB and is intended to optimize the contracting cycle in the oil and gas industry and spur the speedy development…

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Shell Lifts Force Majeure on Major Oil Exports From Nigeria

The Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has lifted the force majeure on Bonny export programme with effect from Wednesday, March 15, 2023. The force majeure was declared on March 3, 2022 following a significant decline in crude receipts at the Bonny Oil and Gas Terminal. READ ALSO: Naira Crisis: Millions of Nigerians Already Dragged Into Mental Illness – Expert ‘He’s A Racist,’ Nigeria Revokes Seplat CEO’s Work Permit, Visa, Others Why NNPCL Sacked Eroton As OML 18 Operator Nigeria Rakes In N21trn From Crude Oil…

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NNPC, Daewoo Ink MoU On 110,000 bpd Kaduna Refinery Rehabilitation

President Muhammadu Buhari Thursday in Seoul, South Korea, expressed delight as he witnessed the signing of the Memorandum of Understanding (MoU) between Nigerian National Petroleum Company (NNPC) Ltd and Daewoo Group of South Korea for the rehabilitation of the Kaduna refinery The President was particularly excited as the signing came against the back of ongoing rehabilitation works at Warri refinery by same Daewoo Group which will at the first instance, deliver fuels production before the first half of 2023. A spokesperson for President Muhammadu Buhari, Femi Adesina said in a…

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NNPC: Churches, Mosques, Communities Involve In Oil Theft

The Group Chief Executive Officer of the Nigeria National Petroleum Corporation Limited (NNPC Ltd.), Mele Kyari, has again raised the alarm over the involvement of communities and religious groups in theft of petroleum products in the country.     Kyari stated this at the weekly Ministerial Media Briefing organised by the Presidential Media Team in Abuja on Tuesday. According to him, churches, mosques, security agencies, as well as communities where pipelines pass through, were involved in pipeline vandalism and theft of petroleum products. He said so far, the NNPC, in…

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NNPC, Sahara Group invest $300m in gas

The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group have taken delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan, South Korea, with plans to add 10 vessels in 10 years to enhance Africa’s transition to cleaner fuels. The new vessels, MT BARUMK and MT SAPET have increased NNPC and Sahara Group’s joint venture investment to over $300million,approaching the JV’s $1billion gas infrastructure commitment by 2026. The fleet previously comprised MT Sahara Gas and MT Africa…

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PIA Takes Effect in Upstream Oil Sector Regulation – Sylva, NNPC

“If we must continue to be relevant at the global stage, we must, in designing any regulation, put in focus how we can balance the energy base-load for Nigeria.   The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with a move by stakeholders to begin the implementation of the Petroleum Industry Act (PIA) in the upstream sector of the nation’s oil and gas industry. Minister of State for Petroleum Resources, Chief Timipre Sylva said at a 2-day upstream stakeholders’ forum organised by the Nigerian…

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