The Nigerian National Petroleum Company Limited/TotalEnergies joint venture has achieved zero routine gas flare in all its assets, NNPCL announced on Thursday.
It said the achievement was in pursuit of meeting the targets of 20 per cent (unconditional) and 47 per cent (conditional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord signed by the President Bola Tinubu administration
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,” NNPCL stated in a statement issued in Abuja by its spokesperson, Olufemi Soneye.… Read the rest
This was seen in a memorandum issued by the commission, titled ‘Movement To Lagos,’ signed by Dr Kelechi Onyeakachi Ofoegbu, Executive Commissioner, Corporate Services & Administration, dated February 14, 2024 and obtained by SaharaReporters on Thursday morning.
The Nigerian Upstream Petroleum Regulatory Commission has revealed that it is considering relocating some of its units from the Federal Capital Territory, Abuja to Lagos State.
Nigeria’s oil production increased to 1,426,574 barrels per day in January 2024.
The country’s drilling performance was published in the latest crude oil and condensate production data of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The figure represents the highest production level since March 2021 when output was 1,428,613 bpd.
According to the NUPRC data, output rose by 91,476 bpd in Januay 2024 — a 6.85 percent increase compared to the production figure of 1,335,098 bpd in December 2023.… Read the rest
The Port Harcourt Refining Company Limited, PHRC, has received a supply of 475,000 barrels of crude oil from the Shell Petroleum Development Company of Nigeria Limited through its Bonny Oil & Gas Terminal, BOGT.
Dr Osagie Okunbor, the Country Chair of Shell Companies in Nigeria and Managing Director of Shell Petroleum Development Company of Nigeria Limited (SPDC), disclosed this in a statement on Monday.… Read the rest
President Bola Tinubu has appointed the board and management team of the Nigerian National Petroleum Company Limited.
This was disclosed by the Special Adviser to the President, Media and Publicity, Ajuri Ngelale, via a tweet by the Special Assistant to the President on Social Media, Dada Olusegun, on Monday.
The statement read, “In compliance with Section 59 (2) of the Petroleum Industry Act, 2021, President Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL) with effect from December 1, 2023.”… Read the rest
The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, says the construction of the Nigeria-Morocco Gas Pipeline Project which aims to link European market is expected to begin in 2024.
Under this project, Gas is expected to be transported through the participating countries, including Nigeria, Benin, Togo, Ghana, Côte d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, The Gambia, Senegal, Mauritania, and Morocco.… Read the rest
The price of crude oil fell on Monday as investors awaited the Organization of the Petroleum Exporting Countries (OPEC) meeting later in the week for an agreement to curb supplies into next year.
Brent crude futures fell 39 cents, or 0.5 percent, to $80.19 a barrel by 0728 GMT, while U.S. West Texas Intermediate crude futures were at $75.10 a barrel, down 44 cents, or 0.6 percent.… Read the rest
The National Oil Spills Detection and Response Agency (NOSDRA) has said that 3000 barrels of oil lost at Egina FPSO was due to export hose failure.
On Sunday, November 26, Mr. Idris Musa, the Director-General/Chief Executive Officer of NOSDRA spoke with the News Agency of Nigeria and provided an update on the 3000 barrels of oil spill that occurred at Egina. … Read the rest
The Nigerian National Petroleum Company (NNPC) Limited is planning to grow its revenue to N4.5 trillion as it plans to end the importation of premium motor spirit (PMS), otherwise known as petrol, by December 2024.
The chief executive of the company, Mr Mele Kyari, while speaking on Thursday, said the nation would not need to rely on fuel from outside the country because its refineries would have been fully operational.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday warned players in the oil and gas industry against frustrating the Nigerian Gas Flare Commercialisation Programme (NGFCP) which aims to achieve zero routine burning of gas in the country.
The Chief Executive of NUPRC, Mr Gbenga Komolafe, during a meeting with chief executives of producers operating assets under the NGFCP in Abuja, stated that the programme must not be allowed to fail, given the local and international attention it has attracted.… Read the rest