Oil & Gas

By Eyo Nsima African oil and gas producing countries, said they would continue to explore and produce natural gas for development, despite the quest for Energy transition, globally. Speaking at the VIP and Ministerial Symposium of this year’s Africa Oil Week, in Cape Town, South Africa, the former Minister of State for Petroleum Resources, Dr. […]

By Eyo Nsima Nigerian National Petroleum Company Limited, NNPCL, has acquired the assets of OVH Energy Limited, thus becoming the largest downstream investor in Nigeria. Speaking at the unveiling of the new outlets in Abuja, Nigeria’s capital, the Chairman of NNPCL, Senator  Margery Okadigbo said the company has moved closer to its target of having

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