The group chief executive officer of the Nigerian National Petroleum Company Ltd (NNPCL), Mele Kyari, has said that the Port Harcourt Refinery has received 450,000 barrels of crude for processing following the mechanical completion of the plant in December last year.
He said this during a session with the Senate Ad-hoc Committee on Investigation of Turn Around Maintenance (TAM) of the nation’s refineries.… Read the rest
The Minister of Marine and Blue Economy, Adegboye Oyetola, said that the Ministry would continue to support the Maritime Organisation of West and Central Africa (MOWCA) in its activities that would add value to maritime industry.
According to a statement signed by Olujimi Oyetomi, Director, Press and Public Relations, yetola made the promise during a courtesy visit by the Secretary General of MOWCA, Paul Adalikwu, in Abuja.… Read the rest
The new Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola formally resumed office on Friday, promising to prioritise effective communication at all levels to enhance innovation, collaboration and synergy.
Mobereola was appointed as the head of the maritime regulatory agency by President Bola Tinubu on Tuesday 12th March 2024. He replaced Dr. Bashir Jamoh who served in the position for four years.… Read the rest
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, on Wednesday said that the anticipated public listing of the company’s shares at the stock market as provided for in the Petroleum Industry Act (PIA) will start soon.
Kyari told international oil and gas players participating at the ongoing 2024 CERAWEEK in Houston, United States that NNPC would become a quoted company in line with the PIA, adding that at maturity, some of the national oil company’s shares would be divested.… Read the rest
Standard Chartered, one of the leading financial institutions, has projected that global oil demand is poised to reach an all-time high in May, according to their latest analysis. This forecast comes amidst ongoing geopolitical tensions and supply constraints in the energy markets.
The bank’s analysts have revised their previous estimates, anticipating a surge in oil consumption to unprecedented levels during May.… Read the rest
THE Group Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPC) Ltd., Mr. Mele Kyari, has proposed a differentiated approach to attaining energy transition for the African continent.
Kyari, who also said the Final Investment Decision (FID) on the Nigeria Morocco Gas Pipeline (NMGP) Project will be taken in December 2024, made the call while speaking during a Leadership Dialogue Session at the ongoing CERAWeek Conference in Houston, United States, on Tuesday.… Read the rest
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, yesterday said that the anticipated public listing of the company’s shares at the stock market as provided for in the Petroleum Industry Act (PIA) will start soon.
Kyari told international oil and gas players participating at the ongoing 2024 CERAWEEK in Houston, United States that NNPC would become a quoted company in line with the PIA, adding that at maturity, some of the national oil company’s shares would be divested.… Read the rest
Nigeria has regained its position as the biggest recipient of payments from Shell as production entitlement, royalties, taxes and fees to the government in 2023 amounted to $4.92 billion, the highest in four years.
The payout to Nigeria increased by 8.85 percent compared to the previous year, representing 16.67 percent of the company’s total payments to 26 countries, new data released by Shell shows.… Read the rest
Nigeria has regained its position as the biggest recipient of payments from Shell as production entitlement, royalties, taxes and fees to the government in 2023 amounted to $4.92 billion, the highest in four years.
The payout to Nigeria increased by 8.85 percent compared to the previous year, representing 16.67 percent of the company’s total payments to 26 countries, new data released by Shell shows.… Read the rest
Savannah Petroleum PLC has acquired 100 per cent of the stakes of Sinopec International Petroleum Exploration and Production Corporation in Stubb Creek Field.
Savannah said on Tuesday that it consolidated its Stubb Creek Field interest in Nigeria, signing separate Share Purchase Agreements with Sinopec International Petroleum Exploration and Production Corporation and Jagal Ventures Limited to acquire 100 per cent of SIPEC.… Read the rest