Category: Energy

NNPCL Admits Owing Petrol Suppliers
September 2, 2024 No Responses

NNPCL Admits Owing Petrol Suppliers

The Nigerian National Petroleum Company Limited (NNPCL) admitted at the weekend its “significant debt to petrol suppliers,” saying it poses a threat to the sustainability of fuel supply.  In a statement on Sunday, NNPCL spokesman Olufemi Soneye said “This financial...
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Shell To Cut Hundreds Of Jobs
August 31, 2024 No Responses

Shell To Cut Hundreds Of Jobs

British energy giant Shell plans to cut hundreds of jobs from its oil and gas exploration division as part of a cost-cutting program announced last year, a person familiar with the matter said Friday. The cuts will affect two units...
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At IIaje Community, NNPC Unveils Vision First Programme
August 28, 2024 No Responses

At IIaje Community, NNPC Unveils Vision First Programme

The NNPC Ltd has flagged off the third edition of the Vision First Programme, as part of comprehensive community-focused healthcare outreach targeted at the Ilaje community and its environs in Bariga, Lagos State.A statement issued byOlufemi O. Soneye,Chief Co...
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NCDMB Retains Top Ranking As PEBEC Evaluates Efficiency, Transparency Of MDAs
August 28, 2024 No Responses

NCDMB Retains Top Ranking As PEBEC Evaluates Efficiency, Transparency Of MDAs

The Nigerian Content Development and Monitoring Board (NCDMB) has retained its top ranking in business efficiency and transparency among ministries, departments and agencies (MDAs), as captured in the latest evaluative assessment by the Presidential Enabling B...
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LNG: NNPC Expands Global Market Footprint To Japan, China
August 26, 2024 No Responses

LNG: NNPC Expands Global Market Footprint To Japan, China

In line with its strategic vision to be a dynamic and reliable global energy supplier of choice, the Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered...
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Oando Completes $783m Acquisition Of Agip Oil Company
August 23, 2024 No Responses

Oando Completes $783m Acquisition Of Agip Oil Company

Oando Plc has completed the acquisition of Eni’s subsidiary, Nigerian Agip Oil Company (NAOC), for $783m. The company announced this on Thursday in a statement by its Chief Compliance Officer and Company Secretary, Ayotola Jagun. The deal sees Oando, which.....
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At Windhoek Conference, NCDMB Lists Gains Of NOGICD Act
August 22, 2024 No Responses

At Windhoek Conference, NCDMB Lists Gains Of NOGICD Act

The Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 and its astonishing success in resetting oil and gas industry spending and in-country capacity development was the fulcrum of a presentation by the Executive Secretary of the Nigerian Con...
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NNPC Declares N3.3tri Net Profit, N2.1tri Dividend
August 19, 2024 No Responses

NNPC Declares N3.3tri Net Profit, N2.1tri Dividend

The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the...
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TotalEnergies Starts Production From Anchor Field
August 18, 2024 No Responses

TotalEnergies Starts Production From Anchor Field

TotalEnergies has announced the start of production from the Anchor field, located in the US Gulf of Mexico, in which the Company has a 37.14% interest alongside operator Chevron (62.86%). Located 225 kilometers off the Louisiana coast, Anchor, which developme...
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NCDMB, NLNG Commission Galvanizing Plant For Train 7 Project
August 17, 2024 No Responses

NCDMB, NLNG Commission Galvanizing Plant For Train 7 Project

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the 10,000 Tons per annum galvanizing plant constructed by Daewoo Engineering Nigeria Limited, one of the engineering, procurem...
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NCDMB Boss At BEAMCO, Lauds NLNG, Train-7 Project
August 15, 2024 No Responses

NCDMB Boss At BEAMCO, Lauds NLNG, Train-7 Project

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Tuesday visited the facilities of BEAMCO Nigeria Limited in Lagos and commended the oil and gas service firm for the giant strides it recorded in....
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Dangote To NUPRC: Enforce PIA Act On Crude Supply
August 10, 2024 No Responses

Dangote To NUPRC: Enforce PIA Act On Crude Supply

Management of Dangote Petroleum Refinery has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), to enforce the domestic crude supply obligation as specified in the Petroleum Industry Act (PIA), insisting that refineries in Nigeria should be a...
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Economic Sabotage: Count NNPC Out, Says Kyari  
August 8, 2024 No Responses

Economic Sabotage: Count NNPC Out, Says Kyari  

The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage.Kyari, who...
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At SPE NAICE Conference, Seplat Energy Harps On Energy Security In Nigeria
August 7, 2024 No Responses

At SPE NAICE Conference, Seplat Energy Harps On Energy Security In Nigeria

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