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Nigerian Content hits 56%, Ministers and stakeholders hail Board

04/12/2024 11:53 am

PNC Forum 2024: Shell commits to support Nigerian companies

04/12/2024 11:46 am

NNPC Ltd/Chevron JV eye 165,000 bopd production by end of 2024, concludes assets conversion into PIA terms

10/09/2024 05:59 pm

SPE Nigeria furthers the drive to boost oil, gas output to meet global energy demands

23/08/2024 02:23 pm

Windhoek Conference: NCDMB lists gains of NOGICD Act, urges Namibia to prioritise local content

23/08/2024 01:53 pm

Tinubu commends increased crude production to 1.61 mbpd

09/08/2024 07:04 pm

Nigerian Content hits 56%, Ministers and stakeholders hail Board

PNC Forum 2024: Shell commits to support Nigerian companies

NNPC Ltd/Chevron JV eye 165,000 bopd production by end of 2024, concludes assets conversion into PIA terms

Nigerian Content hits 56%, Ministers and stakeholders hail Board

The Nigerian Content performance level in the oil and gas industry hits 56 per cent in 2024 as announced by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe at the ongoing 13th Practical Nigerian Content (PNC) Conference and Exhibition holding at Yenagoa, Bayelsa State, Nigeria.

PNC Forum 2024: Shell commits to support Nigerian companies

Shell companies in Nigeria awarded contracts worth $1.98 billion to Nigerian businesses in 2023 and $1.92 billion.in 2022 as part of efforts to develop Nigerian content in the oil and gas industry.

NNPC Ltd/Chevron JV eye 165,000 bopd production by end of 2024, concludes assets conversion into PIA terms

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its JV assets into the PIA terms from the Petroleum Profit Tax (PPT) .

SPE Nigeria furthers the drive to boost oil, gas output to meet global energy demands

The Society of Petroleum Engineers (SPE) Nigeria Council reaffirms commitment to advancing the oil and gas sector to meet the global energy needs in a safe, secure, and sustainable manner, and connect a global community of engineers, scientists, and energy professionals to exchange knowledge, innovate, and advance their technical and professional competence in the exploration, development, and production of oil and gas and related energy resources.

Windhoek Conference: NCDMB lists gains of NOGICD Act, urges Namibia to prioritise local content

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has said the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010 has achieved astonishing success in resetting oil and gas industry spending and in-country capacity development in Nigeria. He stated this in a presentation at a conference in Windhoek, Namibia, on Wednesday. He noted that recent discoveries of hydrocarbon deposits have increased the oil and gas reserves of the continent to about 126 billion barrels of oil and about 614 trillion cubic feet of gas.

Tinubu commends increased crude production to 1.61 mbpd

President Bola Ahmed Tinubu has acknowledged the resurgence in the oil & gas industry and commended the increased crude production to 1.6 million barrels per day in July 2024.

Heritage Energy advocates for ESG practices in oil and gas industry

The CEO of Heritage Energy Operational Services Limited (HEOSL), operator of the OML 30 Joint Venture between NNPC E&P Limited (NEPL) and Shoreline Natural Resources Limited (SNRL), Ado Oseragbaje, has advocated very strongly for the adoption of Environmental, Social and Governance (ESG) practices for the sustainability of the Oil and Gas industry in Nigeria.

Seplat Energy driving energy security in Nigeria

Seplat Energy Plc is rising to the challenge of bridging Nigeria's energy deficit through its new critical projects such as the company’s 850 million standard cubic feet per day (MMscfd) gas processing plant, which has capacity to consolidating the company’s position as a leading gas supplier to the Nigerian market.

"Diversify transportation of petroleum products now,” Heritage Energy’s GM challenges operators

The General Manager, Government Joint Ventures and External Relations, Heritage Energy, Revd Sola Adebawo, has called for diversification of petroleum products transportation as 98% of refined petroleum products within Nigeria are moved by road transportation, leading to high cost per unit volume and safety concerns.

Oil prices increase by 2% on geopolitical conflicts, tightening supply

Heightened geopolitical tensions in the Middle East and supply disruptions in countries like Venezuela and Libya have made oil prices rise by two per cent.