Tag: Oil & Gas

NNPCL/TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off
September 17, 2024 No Responses

NNPCL/TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off

The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday.Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural...
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NNPCL/Chevron JV Concludes Conversion Of Assets Into PIA Terms
September 9, 2024 No Responses

NNPCL/Chevron JV Concludes Conversion Of Assets Into PIA Terms

. In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion...
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Seplat Energy Canvasses Prudent Management Of Oil, Gas Assets
July 22, 2024 No Responses

Seplat Energy Canvasses Prudent Management Of Oil, Gas Assets

Seplat Energy Plc has  called for prudent management of oil and gas assets in Nigeria in the country’s quest to drive growth in the energy sector and encourage expansion. The Chief Executive Officer, Seplat Energy, Mr. Roger Brown, gave t...
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Seplat Energy Concludes Media Training For  Editors, Correspondents
July 22, 2024 No Responses

Seplat Energy Concludes Media Training For  Editors, Correspondents

Seplat Energy Plc has concluded the second phase of its media training programme for journalists and media practitioners in Nigeria.   The second phase of the programme covers forty-five (45) Capital Market Editors/Correspondents as well as some Judi...
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Tinubu Receives ENI Delegation
July 20, 2024 No Responses

Tinubu Receives ENI Delegation

President Bola Tinubu on Friday in Abuja received a delegation from international energy company, ENI. Tinubu commended the company for its proposed new investment in Nigeria, reiterating his vision of making the nation more globally competitive and an investm...
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TotalEnergies Shareholders Okay €3.01 Per Share Dividend For 2023
May 26, 2024 No Responses

TotalEnergies Shareholders Okay €3.01 Per Share Dividend For 2023

Shareholders of TotalEnergies SE have approval the 2023 financial statements and payment of an ordinary dividend of €3.01 per share.   Other resolutions approved by the board include: Renewal of the three-year terms as Directors of Mr. Patrick Pouy...
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NNPC E&P Ltd, NOSL Hit First Oil In OML 13 In Akwa Ibom
May 13, 2024 No Responses

NNPC E&P Ltd, NOSL Hit First Oil In OML 13 In Akwa Ibom

The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd.), NNPC Ltd.’s flagship upstream subsidiary, and Natural Oilfield Services Ltd. (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd....
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NLNG MD:FG’s Executive Order On Oil And Gas Will Unlock Gas investments
March 13, 2024 No Responses

NLNG MD:FG’s Executive Order On Oil And Gas Will Unlock Gas investments

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, on Tuesday, expressed optimism regarding the recent Executive Order on Oil and Gas Reforms signed by Present Bola Ahmed Tinubu (GCFR).According to Dr. Mshelb...
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Aramco Boosts Dividends Despite Drop In Profit
March 11, 2024 No Responses

Aramco Boosts Dividends Despite Drop In Profit

Saudi Aramco has reported a steep decline in profits, after the energy giant cut production and oil prices fell sharply in 2023. Its profits fell 25% to $121bn (£91bn) profits after a record-smashing year in 2022. But the figure is...
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Ardova’s Ijora Terminal Begins Operations In March
February 19, 2024 No Responses

Ardova’s Ijora Terminal Begins Operations In March

Ardova Plc’s (AP) newly upgraded terminal in Ijora, Lagos, is set to commence operations in March 2024.Mr. AbdulWasiu Sowami, the Group Executive Chairman of Ardova Plc stated this during the pre-commissioning tour of the facility by the Nigerian Midstre...
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Wabote: Two Edo Refineries To Boost Nigeria’s 1.5m bpd Refining Capacity By 2025
October 30, 2023 No Responses

Wabote: Two Edo Refineries To Boost Nigeria’s 1.5m bpd Refining Capacity By 2025

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said that the two refineries in Edo State, the Edo Refinery and Duport Midstream Refinery, which are currently refining pet...
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Wabote: Nigerian Oil Industry Is On Steady Growth Trend
October 24, 2023 No Responses

Wabote: Nigerian Oil Industry Is On Steady Growth Trend

The Nigerian oil and gas industry is growing steadily across several fronts despite reduced investments due to the global quest for cleaner energy and divestments of some onshore and shallow assets by a few international oil companies, the Executive Secretary....
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NCDMB Implores Indigenous Oil Operators On Nigerian Content Act
October 5, 2023 No Responses

NCDMB Implores Indigenous Oil Operators On Nigerian Content Act

The Nigerian Content Development and Monitoring Board (NCDMB) has urged the indigenous oil operators to comply with the Nigerian Content Act so as to make the industry robust for all stakeholders. The Executive Secretary (ES), Engr. Simbi Wabote, gave this...
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Oil Prices Up As Global Supply Drop
August 21, 2023 No Responses

Oil Prices Up As Global Supply Drop

Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth amid high-interest rates. Reuter report that Brent crude climbed 75 cents to $85.55 a barrel...
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