The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, said that by June, the oil industry would have a clear fiscal landscape for operators to be able to plan. Kyari made this known at a breakout session for Chief Executive officers in the industry at the on going Nigeria International…
As part of efforts to guarantee energy security for the country in keeping with its mandate, the Nigerian National Petroleum Corporation (NNPC) has secured a grant from the United States Trade and Development Agency (USTDA) to facilitate the establishment of a 1,350Megawatts (MW) Independent Power Plant in Abuja. Speaking at the signing ceremony of the grant…
The Nigerian National Petroleum Corporation (NNPC) and the United States Trade and Development Agency (USTDA) have signed a $1.16 million grant for the NNPC Abuja Independent Power Project. The signing of the agreement took place Tuesday morning at the ongoing Nigeria International Petroleum Summit (NIPS) in Abuja. The plant is designed to generate 1,350 megawatts…
A 17-storey building, having 1,000-seater Ultra-Modern Conference Hall, with 4 level state- of- the- art car park and 10 Megawatts Gas- Fire Power Plant, belonging to the Nigerian Content Development and Monitoring Board, NCDMB, will be officially commissioned on Friday, February 14 in Yenagoa, Bayelsa State. According to a statement by the Hon. Minister of…
The federal government has been urged to develop policies and legislation that will help protect the oil and gas industry’s vital data against cyber-attack. The Technical Assistant (Gas Business & Policy) to Minister of State for Petroleum Resources, Justice Derefaka, made the call on during a panel session at the ongoing 2020 edition of the…
As the Federal Government marshals out several approaches to meeting its three million barrels of crude oil per day and 40 billion barrels crude oil reserves, the Group Managing Director of Aiteo Eastern Exploration and Production Company Limited, Mr. Victor Okoronkwo has advised relevant agencies to focus strongly on establishing a safe and stable environment…
The Federal Government has inaugurated a new Nigerian Gas Infrastructure Network Code (NGINC) to enhance gas production and revenue generation in the country. The Minister of State for Petroleum Resources, Chief Timipre Sylva inaugurated the code at the opening of the Nigeria International Petroleum Summit (NIPS) in Abuja on Monday. He said that the code…
Mr Tony Attah, Managing Director, Nigerian Liquefied Natural Gas (NLNG) said that 55 per cent of all procurement for execution of the Train 7 project would be undertaken by Nigerian vendors. Attah disclosed this at the ongoing 3rd Nigeria International Petroleum Summit (NIPS), in Abuja on Monday. TBI Africa reports that the theme of the…
Mr Justice Derefaka ,Technical Adviser, Gas Business and Policy Implementation to the Minister of State for Petroleum, says implementation of the National Gas Transportation Network Code (NGTNC) will help Nigeria realise its gas potential. Derefaka, who is also the Programme Manager, Nigerian Gas Flare Commercialisation Programme (NGFCP), made the assertion in a statement made available…
A group of major oil-producing countries on Monday called for a further reduction to their output until June amid the coronavirus fears. The oil producing countries while summing up their recent talks in Vienna, agreed that the coronavirus “is dampening global energy demand”. A committee that advises the 14 members of the Organisation of the…