About five years after it went moribund, the Nigerian National Petroleum Company (NNPC) Ltd has announced the successful re-streaming of the Port Harcourt Refining Company (PHRC). This was disclosed in a statement by the Chief Corporate Communications Officer NNPC Ltd.,Olufemi Soneye, on the company’s official X handle. Soneye explained this achievement, marked by the commencement…
The Nigerian National Petroleum Company Limited (NNPCL) has said there is no disparity between its crude oil production figure and that of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).Chief Corporate Communications Officer at the state-run but “oil behemoth” Mr. Olufemi Soneye, in a statement on Monday, explained: “The NNPC Ltd has clarified that there is…
Seplat Energy Plc has said Nigeria’s development would require significant improvements in access to energy because lower-cost, more reliable energy will drive job creation, prosperity and social development and achievement of the United Nations’ Sustainable Development Goals (SDGs). Its Chief Executive Officer, Roger Brown, in his keynote at the ongoing 42nd Nigerian Association of Petroleum…
Nigeria’s Oil and Gas Free Zones Authority has granted a Free Zone Enterprise Licence to Portland Gas Limited to establish a state-of-the-art Compressed Natural Gas (CNG) conversion and refilling center in the Onne Free Trade Zone, Port Harcourt, a move that will help to accelerate the country’s transition to cleaner energy. A statement explained that…
Nigeria’s crude oil production, including condensate, increased by 255,710 barrels to reach 1.8 million barrels per day in October, up from 1.54 million barrels per day in September 2024, marking a 16.56percent month-on-month rise. Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, disclosed this at the 42nd Nigerian Association of Petroleum Explorationists (NAPE)…
Oil prices turned positive on yesterday after falling by more than $2, despite U.S. crude stocks rising by more than expected, according to the Energy Information Administration (EIA). Brent crude oil futures were up 38 cents, or 0.5per cent, at $75.91 per barrel U.S. West Texas Intermediate (WTI) crude rose by 57 cents or 0.79per…
The National Petroleum Authority of Ghana says it is proposing to import refined petroleum products from Dangote Refinery to boost its energy security and sustain business cooperation with neighbours. Chief Executive Officer, NPAG, Dr Mustapha Abdul-Hamid, said this at the 2024 OTL Africa Downstream Energy Week in Lagos. Speaking as one of the panelists, Abdul-Hamid…
Seplat Energy‘s revenue hits N1.07tr Nigerian independent energy major, Seplat Energy PLC, has grown its revenue in nine months to N1.071trillion from N478.1billion year-on-year with cash generated from its operations rising to N633.8billion from N213.8billion y-o-year. With double listing on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE), unveiled its unaudited results…
The Federal Government has allocated in excess of $75 million for the advancement of Compressed Natural Gas (CNG) infrastructure to foster cleaner and more sustainable energy across the nation. The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, made the announcement at the 18th OTL Africa Downstream Energy Week in Lagos. The theme…
