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…
As part of efforts to monetise Nigeria’s vast natural gas resources, the Nigerian National Petroleum Company Limited has executed a project development agreement with Golar LNG for the deployment of floating liquefied natural gas offshore in the Niger Delta. The signing ceremony, which took place on Monday, was attended from the NNPC Limited side by…
The Nigerian National Petroleum Company Limited and its joint venture partner in Oil Mining Lease 85, First Exploration and Petroleum Development Company Limited, have commenced oil production from the asset also known as Madu Field. Production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected…
The Nigerian National Petroleum Company Limited and First Exploration and Petroleum Development Company Limited Joint Venture have supported 11 host communities in Bayelsa State with healthcare services. The free healthcare, which was part of the corporate social responsibility of the NNPC/First E&P OML 83 and 85 Joint Venture, reached over 3,400 residents in Koluama 1,…
Nigerian National Petroleum Company (NNPC) Limited has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations.On the sidelines of the ongoing United Nations Climate Change Conference, also known as COP28, taking place in Dubai, the United Arab Emirates, the Oil and Gas Decarbonization Charter…
The House of Representatives leadership has waded into the prevailing aviation fuel crisis that is crippling air travel in the country.At the plenary on Thursday, the House resolved to summon the Director-General of the Nigeria Civil Aviation Authority, (NCAA), Captain Musa Nuhu the Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC) Mele Kyari,…