By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.), in partnership with the Akwa Ibom State Government and the Gas Aggregation Company Nigeria Ltd/GTE (GACN), has signed a $3.5 billion Memorandum of Understanding (MoU) to drive gas industrialisation in the state. The agreement was signed during the opening session of the South-South Gas…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Dangote Petroleum Refinery & Petrochemicals (DPRP) have reaffirmed their commitment to deepening collaboration aimed at enhancing Nigeria’s energy security and economic prosperity. This strategic partnership was highlighted during a courtesy visit by Alhaji Aliko Dangote, President and CEO of the Dangote Group, to…
By Ayomide Otitoju The Federal Government and the NNPC Limited/FIRST Exploration and Petroleum Development Company (FIRST E&P) Joint Venture (JV) have emphasized the need for collaboration among stakeholders in oil-producing communities to drive sustainable development. This call was made by the Managing Director of FIRST E&P, Ademola Adeyemi-Bero, and the Minister of State for Petroleum…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) and First Exploration & Petroleum Development Company Limited (First E&P) Joint Venture (JV) has successfully reduced routine flaring of associated gas (AG) by 96% from the Anyala (OML 83) and Madu (OML 85) fields. This milestone was achieved through the implementation of an AG reinjection…
By Ayomide Otitoju The Global Methane Program Manager of the U.S. State Department, Robert Leahman, alongside a Deloitte team, has met with NNPC Group Chief Executive Officer Mele Kyari at the NNPC Towers in Abuja to bolster efforts toward methane abatement in Nigeria’s energy sector. The collaboration has led to the launch of a methane…
By Ayomide Otitoju In a continued effort to combat cancer, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners TotalEnergies Upstream Nigeria Limited, SAPETRO, CNOOC, and PRIME 130 have launched an advanced mammography center at the Federal University Teaching Hospital in Lafia, Nasarawa State. This facility, the second of its kind following an…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) and Chevron Nigeria Ltd. have successfully completed the conversion of five joint venture assets in alignment with the Petroleum Industry Act (PIA) of 2021. The milestone is expected to significantly boost crude oil production, with a target of 165,000 barrels per day by the end…
On Thursday, Nigeria’s Nigerian National Petroleum Company Limited (60 percent) and TotalEnergies (40 percent), the operator of Oil Mining Lease 58 onshore license in Nigeria, signed a $550 million Final Investment Decision for the development of the Ubeta gas field. Located about 80 km northwest of Port Harcourt in Rivers State, the OML 58 licence…
The $550 million final investment decision for the Ubeta Field Development Project has been announced by the NNPC-TotalEnergies JV, which is a significant step towards increasing Nigeria’s oil and gas production. This milestone, according to NNPC aligns with President Bola Tinubu’s Presidential Executive Order on Oil and Gas Reforms, designed to improve the investment climate…