Browsing Category
Oil and Gas
NNPCL Says 697 Illegal Pipes Still Connected In Niger Delta Region
The Nigerian National Petroleum Company Limited (NNPC Ltd.) said there are still 697 illegal pipes through which crude oil is stolen in the Niger Delta region.
The 697 illegal pipes are the remnants of the 5,543 illegal connection points…
We’re Working On Reducing Carbon Emissions – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday that the outcome of the 2023 UN Climate Change Conference (COP28) and its agreement, reflected OPEC advocacies on pathways towards reducing carbon emission.…
OPEC Urges Nigeria To Increase Crude Oil Production
The Organization of the Oil Exporting Countries (OPEC) has advised Nigeria to improve crude oil production to continue to be a reliable source of energy to the world.
The Secretary-General of OPEC, Haitham al-Ghais, stated during a…
Reps Plans To Include Downstream Stakeholders On NNPCL Board
The House of Representatives says it is working on plans to amend the Petroleum Industry Act (PIA) to include downstream stakeholders on the board of the Nigerian National Petroleum Corporation Limited (NNPCL).
The Chairman of the House…
FG Stops Export Of Cooking Gas To Reduce Price
The federal government on Thursday, February 23, announced that it has stopped the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, to reduce the scarcity and soaring price in the country.
Minister of State,…
CBN Bars Int’l Oil Firms From Repatriating 100% FX Proceeds At Once
The Central Bank of Nigeria (CBN) has stopped international oil companies operating in Nigeria from repatriating 100% foreign exchange proceeds to their mother companies overseas at once.
The apex bank said international oil companies…
Climate Change: NNPC Ltd/Total Energies JV Achieves Zero Gas Flare
The operator of NNPC Ltd/TotalEnergies Joint Venture said the venture has achieved zero routine gas flare in all its assets.
The feat was announced on Thursday during an inspection tour of OML 100 in the South-eastern Niger Delta, off…
Petroleum Commission To Relocate Key Departments To Lagos
The Nigerian Upstream Petroleum Regulatory Commission is currently considering relocating some of its units to Lagos, according to a document seen by Channels.
The memo dated February 14, 2024, said the decision was to enhance its…
Shell Lowers LNG Growth Outlook As Demand Set To Peak In 2040s
Shell Plc said that demand for liquefied natural gas by 2040 will be slightly lower than previously forecast as the world is preparing for life beyond fossil fuels.
The energy major, which usually holds a bullish stance on consumption,…
Oil Prices Tread Water Ahead Of CPI Data, OPEC Report
Oil prices moved little in Asian trade on Tuesday as traders turned cautious ahead of key U.S. inflation data that is expected to factor into the path of interest rates, while an OPEC monthly report was also in focus.
Prices were…