Upstream

Mobil Producing Nigeria (MPN), an ExxonMobil subsidiary has called for “Competent and qualified” turnkey contractors to take part in a platform revamping process. The subsidiary said engineering, procurement, construction, and installation players are needed for its Production Platforms Restoration projects. A pre-qualification process has…

Data released by the Nigerian National Petroleum Corporation, NNPC has shown that Nigeria’s four refineries operated basically at just 5.55 per cent of their combined nameplate capacity of 445,000 barrels daily. This means that the oil-rich nation yet relies heavily on imported products for its fuel needs.

The Department of Petroleum Resources has been requested to effect the revocation of the mining licenses of four oil blocks and one prospecting license. The agency said the revocation was to "recover legacy debts" allegedly owed by the affected companies and that the revocation came on the backdrop of alleged non-compliance with statutory…

In his inaugural speech during the swear-in ceremony on Wednesday, the Kebbi state governor, Governor Atiku Bagudu, assured the people that the state would soon join oil-producing states in the country. In his words, “we have partnered with Nigerian National Petroleum Company, and we have started ethanol program in Danko/Wasagu Local Government…

Dr. Ibe Kachikwu, Minister of State for Petroleum Resources, has revealed that the federal government has begun renegotiating Production Sharing Contracts (PSC) on deep offshore oil blocks with Royal Dutch Shell. According to This Day, A report yesterday by Financial Times quoted Kachikwu as saying that Shell’s current PSC would expire in 2023,…

An indigenous oil company and marginal field operator, Niger Delta Exploration and Production Plc, says its upgraded 11,000 barrels per day capacity modular refinery will go into full production in July with Jet A fuel as one the additions to its production. According to Layi Fatona, Managing Director, Niger Delta Exploration and Production…

Total Upstream Nigeria Limited has invited interested offshore drilling contractors to apply for a consideration to tender for the supply of a drillship for OML 130 project offshore Nigeria. This is contained in documents shared on the Nigerian Petroleum Exchange (NIPEX) which reveals that the drilling campaign is scheduled to start in the…

The International Monetary Fund, (IMF), the Organization of Petroleum Exporting Countries, (OPEC) and world data and analytics group, GlobalData have expressed confidence that the new refinery being built by Dangote Oil Refining Company, (DORC) Limited will boost future capacity of global crude oil refining. Apparently, the company is…

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has expressed optimism that the crude oil supply cut agreement between the Organization of Petroleum Exporting Countries, (OPEC) and non-OPEC members would be extended until the end of 2019. Recall that OPEC, Russia and other non-OPEC producers, an alliance known as OPEC+, had…

The Nigerian government has ignored the resistance of the people of Ogoni as the Presidency has directed the Nigerian National Petroleum Corporation (NNPC) and Nigerian Petroleum Development Company (NPDC) to resume oil production in Ogoni area of OML 11. The project which is to commence in October will be funded from the proposed 2019 NNPC,…