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NNPC restates commitment to end gas flaring in Nigeria

The Nigerian National Petroleum Corporation, NNPC has restated its commitment to eliminating gas flare in Nigeria. This according to the corporation is targeted at enhancing a pollution free environment to future generations of Nigerians.

Pan Ocean cancels plan to unveil assets

Pan Ocean Oil Corporation has canceled its plan to unveil its three oil and gas projects on the instructions of the Department of Petroleum Resources (DPR). The cancellation was made because two of the three assets are in an acreage (OML 98) whose license has been revoked by the Federal Government of Nigeria. The assets include (1) The

Techno’s cylinder plant resumes production immediately after inauguration

The recently completed gas cylinder manufacturing plant commissioned by Vice President Prof. Yemi Osinbajo has resumed operation immediately. The ultra-modern plant built by Techno Oil is located at Kajola community, along Lekki-Epe Expressway in Lagos. As the largest in LPG manufacturing plant in West Africa, the plant will produce gas

New gas projects will strengthen economy by 2021 — NNPC

The Nigerian National Petroleum Corporation (NNPC) has revealed that the 3,500 million standard cubic feet (scf) per day from seven gas development projects to be added to supply will boost the Gross Domestic Product by about $50bn. This was revealed by the corporation’s Group Executive Director/Chief Operating Officer, Gas and Power, Mr. Saidu

We won’t return to Ogoni – Shell

Shell Petroleum Development Company (SPDC) has made it clear that it would not be returning to Ogoni land for exploration or production. The oil company, which exited the area in 1993, disclosed this on Saturday through its General Manager, External Relations, Igo Weli, at the presentation of the 2019 edition of the ‘Shell Nigeria Briefing

N1.26tn remitted to federation account in 2018- NNPC

The Nigerian National Petroleum Corporation, (NNPC) has revealed that it met its financial obligations to the Federation Account in 2018 by remitting N1.26 trillion as against the N1.22 trillion projected in the 2018 budget which recorded a surplus of over N41 billion. Managing Director of NNPC Capital, Mr. Godwin Okonkwo, made this submission

Seplat takes FID on 160,000bopd alternate export pipeline

Seplat Petroleum Development Company Plc is reported to have taken a Final Investment Decision, FID, for Amukpe to Escravos 160,000 barrels of oil per day, (bopd), alternate export pipeline. The announcement was made during the Company’s sixth Annual General Meeting, AGM, in Lagos. The Chief Executive Officer of Seplat Petroleum, Mr. Austin

NLNG gets N36tn from gas flare monetization

The Nigeria Liquefied Natural Gas, (NLNG) Limited has revealed that it got over $100 billion which is about N36 trillion gross income from gas flare monetization. This is coming ahead of the 2019 World Environment Day, (WED) celebration which has made players in the petroleum industry work tirelessly to curb the rising level of global air

Police uncover plot to attack oil installations

The Nigerian Police has uncovered a plot by reprobates posing as environmental activists to blow up oil installations in Niger Delta and adjoining states. This was revealed in a statement by the force’s PRO, Frank Mba. The PRO said that the plots are politically motivated and aimed at sabotaging oil installations with intended negative

Pan Ocean to unveil 67-kilometer pipeline

Pan Ocean Oil Corporation is planning to unveil the Amukpe-Escravos Pipeline Project (AEPP) June 2019. The 67-kilometer pipeline which was jointly initiated by the Nigerian National Petroleum Corporation (NNPC) will evacuate crude oil from the northern fringe of the Niger Delta to Escravos export terminal and is predicted to result in higher
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