Oil & Gas

As the nation celebrates her 62nd independence, Chevron companies in Nigeria are proud of our partnership and contributions to the social and economic development of the country. We have learnt through decades of operating in Nigeria that our business success in providing affordable, reliable, ever-cleaner energy is directly tied to the progress and prosperity of […]

By William Breeze and Thomas Bethel At first glance, one would expect African upstream finance to be in healthy shape: the oil price is high by historic standards; gas is an essential transitional fuel; domestic demand for hydrocarbons continues to grow; government support for upstream development continues; and returns in the sector are strong. However,

Nigeria LNG Limited (NLNG) has said it remains committed to supply 100% of all its Liquified Petroleum Gas (LPG) production (butane and propane) to the Nigerian domestic market despite feedgas and market challenges. NLNG’s Managing Director/Chief Executive Officer, Dr. Philip Mshelbila, made the statement today at the Nigerian Association of LPG Marketers (NALPGAM) 35th Annual

By Eyo Nsima The Nigerian National Petroleum Company Limited (NNPCL) has partnered an Indian company, Indian Oil Company, IOC, to supply five million metric tonnes of Liquefied Petroleum Gas, LPG, in order to increase supply by 194 percent, from last year’s 1.7mmt. Speaking at the World LPG Association India-Nigeria Summit 2022 in Abuja yesterday, Group

By Eyo Nsima TotalEnergies, an International Oil Company, IoC, has predicted that its cash flow would grow by $4 billion in the next five years. In its 2022 Strategy & Outlook Presentation, obtained by The Daily, www.thedaily-ng.com, the company, stated: “In addition, the Company expects underlying cash flow (excluding Russia) to grow by $4 billion

By Eyo Nsima The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has concluded plans to invite exploration and production (E&P) companies to scrutinise their operational and commercial activities. In a statement obtained by The Daily, www.thedaily-ng.com, Gbenga Komolafe, chief executive officer (CEO), NUPRC, stated that the commission is determined to take bold steps toward addressing the

By Eyo Nsima The International Oil Companies (IoCs) will pay N380.04 billion in October 2022 as proceeds from the sale of domestic crude oil. The Nigerian National Petroleum Company (NNPC) Limited disclosed this in its monthly presentation to the Federation Account Allocation Committee (FAAC) meeting on Friday, September 23, 2022. A FAAC document obtained by