Nigeria’s daily oil and condensate production has surged to 1.67 million barrels, marking a notable increase from the approximately one million barrels per day recorded just a few months ago. Mele Kyari, the Group Chief Executive of the state-owned Nigerian National Petroleum Corporation (NNPC), recently revealed that this transformation is due to increased security measures Read More…
Oil & Gas
Nigeria Boosts OPEC Output in August
Nigeria played a significant role in the recent uptick in OPEC oil output in August, as revealed by a Reuters survey. Despite ongoing efforts by Saudi Arabia and other members of the broader OPEC+ alliance to stabilize the oil market, the Organization of the Petroleum Exporting Countries (OPEC) experienced a boost in production during the Read More…
NGA-WIEN alliance ignites women’s advancement in energy sector
In a groundbreaking stride toward gender inclusivity, the Nigerian Gas Association (NGA) has unveiled a pioneering initiative that offers a fresh horizon of opportunities for women to thrive within the oil and gas sector. The NGA’s recently established Diversity, Equity, and Inclusion (DEI) Study Group is set to not only redefine norms but also to Read More…
NLNG: Operations Continue Despite Force Majeure
Nigeria LNG Ltd. (NLNG) has affirmed that its operations at the Bonny Island plant remain underway, notwithstanding the ongoing Force Majeure status. This action is in response to major liquids evacuation pipelines being unavailable due to acts of sabotage and vandalism. The company assured that these challenges have not halted its overall functioning. In a Read More…
Search and Rescue underway as Seplat Energy’s drilling rig capsizes
In a startling incident, Seplat Energy’s drilling rig, the Depthwize Majestic Rig, capsized and partially sunk during a delicate move in the swampy Delta region. This happened around 5:00 AM on a Tuesday, leading to urgent efforts to rescue the rig’s crew. The Nigeria Upstream Petroleum Regulatory Authority (NUPRC) quickly confirmed the news and stated Read More…
LPG retailers call for government action to avert price hike
The Liquefied Petroleum Gas Retailers Association (LPGAR) has called on the federal government to establish more local LPG production plants, and encourage storage and transportation of the product to avert a price hike. The association’s branch national chairman, Ayobami Olarinoye, made the remarks in an interview with the News Agency of Nigeria (NAN) in Lagos Read More…
Nigeria LNG Maintains Force Majeure Declaration Due to Persistent Disruptions
Nigeria LNG announced on Wednesday that the force majeure, initially declared in October due to extensive flooding causing supply disruptions, remains in effect. Force majeure denotes unforeseen external circumstances that hinder a contracting party from fulfilling its obligations. “The force majeure still stands due to the continued unavailability of upstream gas suppliers’ primary liquids evacuation Read More…
CERAWEEK top Exxon boss wants to unblock sale in “challenging” Nigeria
In order to proceed with the blocked sale of its shallow water oil production activities in Nigeria, Exxon Mobil Corp hopes to obtain the government’s approval, a top Exxon executive told Reuters. Exxon Global Upstream President Liam Mallon announced this ahead of the CERAweek energy conference by S&P Global, which will begin on Monday in Read More…
Nigeria shortlists 139 gas flaring enterprises
The Chief Executive of Nigeria’s petroleum regulator, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), announced in a statement that 139 companies have been shortlisted for the next phase of the nation’s commercialisation programme for gas flaring as part of efforts to minimise carbon emissions. The commercialisation of gas burned from Nigeria’s oil fields is planned, Read More…
IPMAN appeals to members not to embark on strike
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday stated its members would not embark on a nationwide strike as being predicted. In an interview with newsmen in Lagos, Mr. Mike Osatuyi, IPMAN’s National Operations Controller, provided the assurance. It was vital, according to Osatuyi, to refute the claim that lPMAN members intended to Read More…