NNPCL GCEO, Mele Kyari, Receives Daily Assets Newspapers‘ Man of the Year Award for Transforming Oil and Gas Sector The Nigerian National Petroleum Company Ltd (NNPCL) has proudly announced that its Group Chief Executive Officer, Mallam Mele Kyari, has been honored with the prestigious ‘Man of the Year’ Award by Daily Asset Newspapers. This recognition…
Gas Supply to GenCos: FG sets up Inter-Ministerial Committee to Address Challenges The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo and the Minister of Power, Adebayo Adelabu, have set up an Inter-ministerial Committee to address the challenges of low gas supply to power Generating Companies (GenCos).The Committee was set up at the end…
Schneider Electric Introduces New EcoXpert Partner Program Certifications for Data Center & Critical Infrastructure Schneider Electric, a global leader in energy management and automation, has unveiled five new certifications under its EcoXpert Partner Program, focusing on Data Center & Critical Infrastructure solutions. This strategic move is part of Schneider Electric’s ongoing commitment to driving digital…
Environment Minister Praises NOSDRA’s Efforts in Tackling Oil Spills Nigeria’s Minister of Environment, Alhaji Balarabe Abbas Lawal, commended the National Oil Spill Detection and Response Agency (NOSDRA) for its dedication to battling oil spills and related issues. During a visit to NOSDRA headquarters, Lawal expressed his “impressed” by the agency’s progress despite challenges. Here are…
Nigerian Oil Regulator (NUPRC) Pledges Transparency, Unveils Measures to Address Concerns The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken steps to address concerns about transparency in contract and license allocation within the oil and gas sector. This move comes in response to queries raised by the Norwegian and Nigerian Extractive Industries Transparency Initiative (EITI…
Senate Committee Teams Up with NCDMB in Maiden Meeting to Bolster Local Content Implementation In a landmark event, the Senate Committee on Local Content convened its inaugural session with the leadership of the Nigerian Content Development and Monitoring Board (NCDMB) at the Senate Building in Abuja on Wednesday. The gathering marked a pivotal step towards…
Shell Eyes 2024 FID for Bonga North, Gas Projects, Seeks NCDMB Support Abuja, Nigeria – February 9, 2024 Shell Companies in Nigeria (SCIN) is seeking the support of the Nigerian Content Development and Monitoring Board (NCDMB) to accelerate the development of three major oil and gas projects, including the Bonga North deepwater project and the…
Senate Committee, NCDMB Hold Inaugural Meeting, to Collaborate on Local Content Implementation The Senate Committee on Local Content recently held the first interactive session with the leadership of the Nigerian Content Development and Monitoring Board (NCDMB) at the Senate Building in Abuja and resolved to collaborate and deepen the implementation of local content in…
Nigerian Oil Production Gets a 14,000 Barrel Boost with Akpo West Field Launch Nigeria’s national oil company, NNPC Ltd, celebrated a significant milestone today with the commencement of oil production from the Akpo West Field. This achievement adds 14,000 barrels of condensate per day to the nation’s output, fulfilling President Tinubu’s call to optimize oil…
OPEC+ Considers Extending Oil Production Cuts Through Q2 2024 Decision expected in early March amid concerns about slowing demand and potential surplus. Key points: OPEC+ to decide in March whether to extend current oil production cuts into the second quarter of 2024. Cuts currently total 1.9 million barrels per day (bpd), led by Saudi Arabia’s…
