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NNPC advocates collaborative war room to tackle operating challenges
The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for deeper collaboration among upstream operators, especially independent producers, to find solutions to the challenges hindering the effective development of divested assets in the nation’s oil and gas industry. The…
OPEC+ countries extend 2.2 mbd voluntary cuts for Q2
Sopuruchi Onwuka The OPEC Secretariat has declared the announcements of several OPEC+ countries extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting the stability and balance of oil markets. These voluntary cuts are calculated from the…
ExxonMobil deploys Helix in Erha, Usan well intervention
Sopuruchi Onwuka Helix Energy Solutions Group, Inc. has declared that it secured a deepwater well intervention contract from Esso Exploration and Production Nigeria (Deepwater) Limited. The Oracle Today reports that the continued reliance on foreign firms amplify the yawning local…
Eni brings Congo LNG online
Eni has realized the successful start-up of LNG production in the Republic of the Congo. The Congo LNG project, sanctioned in December 2022, came on stream after just one year, in line with the initial timeline. The project, situated within…
AfCFTA: NCDMB Advocates unified, data based standards for Goods, Services
Sopuruchi Onwuka As plans to implement the African Continental Free Trade Agreement (AfCFTA) continue to unfold, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated the removal of visa restrictions among African nations, the creation of a database of…
Investments by IOCs to drive Africa’s oilfiled activities in 2024
Sopuruchi Onwuka Investment pledges by the leading international oil companies (IOCs) are showing positive business propositions for service providers, drilling contractors that play in the African petroleum terrains. Some of the IOCs including TotalEnergies, Shell and Chevron have all confirmed…
Seplat advances gas as Nigeria’s logical transition fuel
Making a case for gas development in Nigeria, Seplat Energy Plc, a leading Nigerian independent energy company, has said gas development is a clear solution to Nigeria’s immediate problems and remains a longer-term transition fuel. The Director New Energy at…
NUPRC not leaving Abuja as speculated
By Ibrahim Musa With clear mandates – ensuring compliance with petroleum laws, regulations and guidelines, monitoring of operations at drilling sites, producing wells, production platforms and flowstations, crude oil export terminals, and all pipelines carrying crude oil, and natural gas,…
NNPC Limited emphasizes optimization of divested JV assets
Sopuruchi Onwuka The Nigerian National Petroleum Company Limited (NNPC) has declared that it is emphatic on the optimization of oil and gas producing assets currently being abandoned by the operating partners who are cashing out their onshore and shallow water…
America, Asia fuel Europe outside Russian sanctions
The prevailing trade sanctions slammed on Russia by American and European countries mean that only countries with higher production and refining capacity are available for commercial gains from the dispute. According to Rystad Energy, Whereas the United States and…
