Oil & Gas

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

Attorney-General of the federation and minister of justice, Abubakar Malami SAN said that Nigeria is making concerted efforts in addressing oil theft including spending enormous resources on Pipeline Surveillance Security through the regular Armed Forces budgetary spending, and payments to Civilian Security Companies under unique Public Private Partnership (PPP) arrangements. This was made known by