The absence of the CEO of NNPC Limited, Mele Kyari, on Monday, stalled the investigation by the committee of the House of Representatives into the acquisition of OVH Energy by the Nigerian National Petroleum Company Limited (NNPCL).
Mr Kyari and the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (MMDPRA), Farouk Ahmed, were last week summoned by the committee over the deal.… Read the rest
THE oil and gas industry was, weekend, thrown into controversy over the sale of Eni’s subsidiary, Nigerian Agip Oil Company Limited, NAOC, oil assets – Oil Mining Lease, OMLs 60, 61, 62, and 63 – to Oando Oil Limited, OOL.
The controversy is based on the fact that ExxonMobil was previously stopped from selling its entire share capital of Mobil Producing Nigeria Unlimited, MPNU, to Seplat Energy Plc.… Read the rest
Sahara Energy International Singapore, a Sahara Group Company, has called for more collaboration on gas development to accelerate the nation’s march towards energy transition, as well as the entire continent of Africa.
The call was made during the collaboration hosted by Sahara Energy with Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, Permanent Secretary of the ministry, Amb. Gabriel Aduda, Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, and Executive Director, Finance, NMDPRA, Abiodun Adeniji.… Read the rest
NIGERIA’s oil production rose by 8.4 percent in the month of August to 1.41 million barrels per day compared to 1.30 million barrels per day recorded in July.
The Compliance Team of the National Association of Government Approved Freight Forwarders NAGAFF has alleged that over 1, 800 laden containers are currently trapped at the various seaports in Lagos due to sharp practices by Maritime Police.
Speaking with journalists after a protest at Apapa Port at the weekend, the National Coordinator, NAGAFF 100 per cent Compliance Team, Alhaji Tanko Ibrahim, expressed worries that if not checked, the trend might fuel port and cargo congestion, especially as the end of year activities approach.… Read the rest
The House of Representatives ad hoc committee investigating crude oil theft has insisted on the appearance of the Group Chief Executive Officer of Nigeria National Petroleum Company Ltd (NNPC) and others before the committee.
They include the Nigeria Maritime Administration and Safety Agency (NIMASA) and the Nigeria Inland Waterways Authority (NIWA).
Rep Alhassan Rurum, the Chairman of the probe panel, gave the ruling in Abuja, adding that the heads of the agencies must appear in person and not send representatives.… Read the rest
In a bid to bolster security efforts within the state, the Nasarawa Emergency Management Agency (NEMA), in partnership with the Nigerian Maritime Administration and Safety Agency (NIMASA), conducted a one-day interactive and sensitization forum for various security agencies.
Bar, ZZ Alumaga, the Executive Director, NASEMA while welcoming the security operatives yesterday in the one day security programme held at De- Crown Hotel,Lafia urged them to redouble their efforts in combating crimes within the state.… Read the rest
Stakeholders in the maritime sector are advocating the adoption of data-driven compliance as a catalyst for the repositioning and transformation of the nation’s Ports across the country.
They said that data-gathering, analysis, and response will aid in achieving standard operating procedures (SOP) compliance, transparency, and accountability of ports and terminals.
At the fourth compliance roundtable with the theme: “A Maritime Sector Fit For Purpose: Evidence of Data-Driven Compliance”, which was organized by the Maritime Anti-Corruption Network (MACN) and the Convention on Business Integrity (CBi) in Lagos yesterday.… Read the rest
In a bid to promote sustainable development and harness the immense potential of Nigeria’s vast marine resources, the Minister of Marine and Blue Economy, Adegboyega Oyetola, is considering significant reforms to address bureaucratic bottlenecks hindering the growth of the blue economy.
He said he would continue to provide a conducive working environment for the Nigerian Shippers’ Council (NSC), that will facilitate the disposal of overtime cargoes at all the ports in the country and pave the way for effective and efficient service delivery.… Read the rest
Spaces for Change (S4C) will host the second edition of the National Extractives Dialogue (NED) on September 14 and 15, 2023, in Owerri, Imo State.
NED2023 will set the stage for an inclusive and transformative discussion on the responsible management of oil, gas, and mineral resources in the West African sub-region.
Organised in collaboration with the Nigerian Extractive Industries Transparency Initiative (NEITI), this edition will bring together over 200 stakeholders from diverse backgrounds, including policymakers, regulators, extractive industry players, academia, media, civil society organisations, and the host communities.… Read the rest