Daniel Terungwa The Department of Petroleum Resources (DPR) has said that indigenous oil and gas companies are now contributing as much as 33% to the country’s crude oil reserves and about 30% to its gas reserves. DPR stated that Nigeria’s proven gas deposits have increased to 206.53 trillion standard cubic feet. The Director, Department of…
By Ikenna Omeje In line with the global agenda for energy transition, and to remain relevant in the energy space, the Federal Government of Nigeria has renamed the Nigeria International Petroleum Summit (NIPS) to Nigeria International Energy Summit (NIES). The Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosed this at the closing ceremony…
Kola Adesina, Executive Director, Sahara Group has said the World Trade Organisation (WTO) needs to galvanise the interest and support of various stakeholders to promote equitable global trade relations and energy access in Africa where almost 600 million live without electricity. Adesina who spoke on ‘Redirecting the World Trade Organisation’ at the virtual 2021 Horasis…
The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation and ZED Energy Limited on Friday in Abuja signed shareholders agreement on the construction of Brass Petroleum Products Terminal Limited (BPPT), to be located at Okpoama, Brass Local Government Area, Bayelsa State. The estimated cost of the project is N10.5bn (Ten Billion,…
By Ikenna Omeje The Nigeria Liquefied Natural Gas (NLNG) says it has signed 10-year Liquefied Natural Gas Sales and Purchase Agreement (SPAs) with three Nigerian companies for the domestic supply of LNG in Nigeria. The announcement was made by the Managing Director of NLNG, Engr Tony Attah, at the just concluded 4th Nigeria International Petroleum Summit (NIPS),…
Abuja, Nigeria: June 2021: The 4th Annual Nigeria Petroleum Summit, (NIPS) kicked off on Sunday, 6th June 2021. The summit which has gathered momentum globally, is a platform for Nigeria to engage both local and international stakeholders to effectively develop the oil and gas sector for economic growth. The five-day conference featured a CEO roundtable with Mr. Huub Stokman,…
By Ikenna Omeje The Minister of State for Petroleum Resources, Chief Timipre Sylva, has called on the leaders in the Nigeria’s oil and gas industry to embrace the culture of collaboration. He said that with the recent issuance of licences to some indigenous exploration and production companies, there is no better time to embrace collaboration…
By Ikenna Omeje The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that Nigeria has the potential to become Africa’s refining hub and net exporter of petroleum products. Kyari stated this while delivering his goodwill message at the 2021 Nigeria International Petroleum Summit (NIPS), currently holding in Abuja,…
The Organisers of Nigeria’s foremost Oil, Gas and LNG Conference and International Exhibition (NOG), are looking forward to hosting its 20th edition in person in Abuja between 5 – 8, July 2021, with the theme: Fortifying the Nigerian Oil and Gas Industry for Economic Stability and Growth. The theme for this year’s conference is in…
Daniel Terungwa The Speaker of the House of Representative, Rt. Hon. Femi Gbajabiamila, has reiterated the importance of the legislature in providing a framework for the growth of the Petroleum Industry. Gbajabiamila made the statement recently at the Nigeria International Petroleum Summit, NIPS, (an African Technology Conference for key Stakeholders and players of the…
