Oil & Gas

… Investigation ongoing By Eyo Nsima The National Oil Spill Detection and Response Agency, NOSDRA, has classified the Shebah Exploration & Production Company Limited, SEPCOL, as a tier 2 spill. According to the industry regulation, a tier 2 oil spill is an incident requiring the involvement of Clean Nigeria Associates, CNA, a non-profit Organization and […]

By Eyo Nsima The price of Nigeria’s Bonny Light, has risen to $95 per barrel, indicating $33 higher than the $62 per barrel 2022 budget benchmark. This year’s budget was also based on the production of 1.8 million barrels per day, bpd, including between 300,000 – 400,000 barrels of Condensate that Nigeria produces daily. Details

By Eyo Nsima  Shebah Exploration & Production Company Limited (SEPCOL), National Oil Spill Detection and Response Agency, NOSDRA, Nigerian Upstream Petroleum Regulatory Commission, NUPRC and Community have embarked on a Joint Investigation Visit (JIV), to the Floating Production, Storage and Offloading, FPSO, destroyed by fire in Ukpokiti Terminal, Delta State. The fire, which affected production, occurred on February 2,

By Eyo Nsima OPEC Secretary General, HE Mohammad Sanusi Barkindo, has hosted a working lunch for a delegation from the Nigerian National Petroleum Corporation (NNPC) at the Organization’s Headquarters in Vienna, Austria. NNPC’s delegation was headed by Dr Billy Okoye, Group Executive Director of Ventures and Business Development. On behalf of Mele Kyari, Nigeria’s National

Leading energy company, Shell Nigeria Gas (SNG), has received accolades from industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for deliberate and active investment in Nigeria’s critical gas infrastructure to supply gas for powering industries in key locations in the country. The Chief Executive of NMDPRA, Farouk Ahmed, said Nigeria needs accelerated

By Eyo Nsima The production of about 22,000 barrels of oil per day, has been suspended because of the Floating Production, Storage and Offloading, FPSO, explosion, which occurred in Ukpokiti Terminal, Delta State. The facility, known as FPSO Trinity Spirit, belonging to Shebah Exploration & Production Company Ltd (SEPCOL), exploded and sank on February 2,

By Eyo Nsima A Floating Production, Storage and Offloading, FPSO, used for oil and gas operations, has exploded in Escravos, Delta State. The explosion of the FPSO, known as Trinity Spirit, happened on February 2, 2022, causing fire and panic in the Escravos area of Warri South – West Local Government Area of the State.

…Pledges Support for Frontier Exploration The Senate Committee on Petroleum Resources (Upstream) has commended the Nigerian National Petroleum Company Limited (NNPC Ltd) for repositioning the Nigerian oil and gas industry into a competitive business environment. The Chairman of the Committee, Senator Bassey Albert Akpan, gave the commendation when he led members of the Committee on

– Provides N20 million R & D support The Petroleum Contractors Trade Section (PCTS) of the Lagos State Chamber of Commerce and Industry (LCCI) recently paid a courtesy visit to the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote at the Local Content Tower, Yenagoa. The visit which was