FG ramps up crude production despite fall in demand
Nigeria has joined other oil-producing companies in ramping up oil production despite low demand caused by COVID-19.
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FG revokes 11 oil and gas mining licenses
The Oil Mining Licenses (OML) of 11 oil and gas companies operating in the marginal oil field in Nigeria have been revoked by the Federal Government.
Critical factors that will shape Seplat’s 2020 production
A report showing how Seplat Petroleum Development Company Limited plans to stay in business this year has emerged. BusinessDay carried out an analysis of the company’s 2019 financial result which reveals how the company plans to stay in business this year.
NNPC to Double Nigeria’s Domestic Gas Supply, Export Fuel by 2023
The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II to double capacity from 1.1 billion standard cubic feet of gas to 2.2 BSCF.
Revoked OML 98 Oil mining licence handed over to NPDC
The Department of Petroleum Resources (DPR) has officially handed over the control of the Oil Mining Licence (OML) 98 to the Nigerian Petroleum Development Company (NPDC), the upstream unit of the Nigeria National Petroleum Corporation (NNPC).
Chevron awards Aquaterra modular rig for Angola
Aquaterra Energy has been awarded a contract to design and support the installation of a conductor supported platform (CSP) offshore Angola by Chevron subsidiary Cabinda Gulf Oil Co. Ltd. (CABGOC).
Sylva, Kyari, others move to attract new U.S. investments
The Minister of State for Petroleum Resources, Chief Timipre Sylva alongside other officials recently held a strategic meeting with the Assistant Secretary, US Department of State’s Bureau of Energy Resources, Frank Fannon,
Nigeria complies with OPEC’s crude oil quota
The group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that the country is fully compliant with the quota for crude under the Organization of Petroleum Exporting Countries (OPEC) agreement, with its quota of 1.77 million barrels per day in December.
Nigeria shifting upstream activities to natural gas to meet OPEC+ deal
Nigeria is currently adopting strategies to better comply with its crude production quota under the OPEC+ agreement.
Dangote Refinery to improve implementation of Nigerian Content Policy – NCDMB
The Nigerian Content Development Monitoring Board, NCDMB, has revealed that the 650,000 barrels per day by Dangote Petroleum Refinery under construction would improve the implementation of local content policy in Nigeria.