News Oil & Gas

Nigeria’s Oil Production Approaches 1.7 Million Barrels per Day, Says NNPC CEO

Nigeria’s oil production is on the rise, nearing 1.7 million barrels per day, revealed Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL). From a reported 1.28 million barrels per day in April, this surge marks a significant uptick in the nation’s petroleum output. Kyari made the announcement during

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News Oil & Gas

Nigeria Emerges as Africa’s Top Oil Producer with 1.28 Million Barrels Per Day in April

…Experts Commend Tantita’s Efforts in Combatting Oil Theft According to the latest monthly oil market report released by the Organisation of Petroleum Exporting Countries (OPEC), Nigeria’s average daily crude oil production surged to 1.28 million barrels per day in April. This marks a notable 4.07% increase from the 1.23 million barrels per day recorded in

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News Oil & Gas

Chevron Warns Against False Recruitment Adverts

Chevron Nigeria Limited (CNL) has issued a warning against the circulation of false recruitment information advertising job positions within the company. In a statement released on Friday by Esimaje Brikinn, CNL’s General Manager of Policy, Government, and Public Affairs, the company expressed concerns over reports of fraudulent job offers being disseminated through emails, text messages,

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News Oil & Gas

PIA: Engr. Olaye Steps Down as Chairman of HCDT in OML 42

Engr Dr. Olaye Messiah Doupade, who recently assumed the Chairmanship of the OKOEA Host Community Development Trust (HCDT) in OML 42, has stepped down following intervention from prominent leaders of the Gbaramatu Kingdom in Warri South West Local Government Area of Delta State. According to Dr. Olaye, prominent leaders from the Gbaramatu Kingdom such as

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News Oil & Gas

Tantita Security Reveals Devastation of Nembe Creek Trunk Line in Oil Theft Saga

Dr. Paul Bebenimibo, Media Consultant for Tantita Security Services Nigeria (TSSL), made a startling revelation before the Nigeria Union of Journalists (NUJ) in Abuja at the recent National Executive Committee (NEC) meeting. He exposed the Nembe Creek Trunk Line, serving Shell, Aiteo, and Eroton oil companies, as one of the worst-affected routes in the grim

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News Oil & Gas

NUPRC Registers 103 Host Communities for Petroleum Industry Act’s Development Trust

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has registered 103 communities to benefit from the three per cent Host Communities Development Trust (HCDT) established by the Petroleum Industry Act. Gbanga Komolafe, the Chief Executive of NUPRC, highlighted that the HCDT has commenced operations, which have already begun to restore investor confidence in the industry. He

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News Oil & Gas

Chevron Nigeria Secures $1.4 Billion Investment for Drilling Projects Around Escravos

Chevron Nigeria Ltd (CNL) has successfully secured $1.4 billion in financing for its NNPCL/CNL JV infill drilling program, spanning 2022 to 2026. This initiative encompasses drilling 37 wells in the shallow offshore and onshore Escravos region, coupled with the construction of associated facilities. During a meeting with President Bola Tinubu at the State House in

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News Oil & Gas

Shell to Sell Nigerian Onshore Subsidiary SPDC for $2.4 Billion to Renaissance Consortium

Shell Plc has agreed to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium of five companies, for $2.4 billion. However, the Shell said the completion of the transaction is subject to approvals by the Federal Government of Nigeria and other conditions. In a statement on

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News Oil & Gas

Chevron Nigeria Announces Jim Swartz as New Chair/MD

Chevron Nigeria Limited (CNL), the operator of the joint venture between the Nigerian National Petroleum Company (NNPC) Limited and CNL, has appointed Jim Swartz as the new Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, effective April 1, 2024. Prior to this appointment, Swartz served as the Vice President, Capital Projects, based in Houston,

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News Oil & Gas

NNPC Hits Historic High: Records N2.548 Trillion Profit in 2022 – Highest in 45 Years

The Nigerian National Petroleum Company (NNPC) Ltd announced a historic profit of N2.548 trillion for 2022, marking its highest ever since establishment in 1977. In its 2022 Financial Performance Report released online, the national oil company reported significant progress from a loss of N803 billion in 2018 and N1.7 billion in 2019. The report highlighted

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News Oil & Gas

NNPCL Unveils 157 Oil Theft Cases in Recent Report (December 30, 2023 – January 5, 2024)

The Nigerian National Petroleum Company Ltd (NNPCL) reports 157 oil theft incidents within a week (December 30, 2023, to January 5, 2024) in the Niger Delta, despite renewed efforts to combat the issue. The incidents were attributed to various sources, including Nigeria AGIP Oil Company, Pipeline Infrastructure Nigeria Limited (PINL), Maton Engineering Ltd, Tantita Security

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News Oil & Gas

NNPCL Ends Crude Oil Swaps, Shifts to Cash Payment for Petrol Imports

The Nigerian National Petroleum Company Limited (NNPCL) has ended the crude oil swap deal for petrol and started using cash tenders for the purchase of fuel for the first time in a decade, according to reports from Reuters. This transition, which is in line with President Bola Tinubu’s reform efforts initiated in May, aims to

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News Oil & Gas

Chevron meets with President Tinubu in New York, reiterates commitment to partnership

On the sidelines of the United Nations General Assembly meeting in New York, a Chevron team led by Clay Neff, President, Chevron International Exploration and Production and Rick Kennedy, Chairman/Managing Director, Chevron Nigeria Mid-Africa Business Unit, met with President Bola Ahmed Tinubu and other Nigerian government officials including the Minister of State for Petroleum Resources

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News Oil & Gas

Niger Delta set to partner with Oxytane Africa to reduce air pollution, fuel consumption

Niger Delta leaders and stake holders are set to partner with Oxytane Africa Investments Limited to forge a synergy that will help reduce consumption of fuel and reduce air pollution that is killing over 68,000 Nigerians every year. Oxytane Africa Investments Limited, a global brand currently present in 27 countries is an affiliate of Oxytane

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News Oil & Gas

PIA: Bayelsa communities threaten battle with Shell, insist on separate trust for implementation

Anglo Dutch oil giant, Shell Petroleum Development Company (SPDC) has been urged to relate separately with a different Host Community Development Trust (HCDT) instituted by seven communities in its Estuaries Area, EA, in Eketemor Local Government of Bayelsa state. The Petroleum Industry Act (PIA) (2021) assented to by President Muhammadu Buhari on August 16, 2021,

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News Oil & Gas

NNPC gives fresh updates, says 234 illegal pipeline connections, refineries discovered in Nigeria

The Nigerian National Petroleum Company (NNPC) Limited said 234 incidences of illegal connections, refineries, amongst others, were recorded in several oil-producing states in the Niger Delta region between September 9 to 15, 2023. NNPC said the total incidences recorded were higher compared with the 148 incidences of illegal connections and refineries reported between September 2

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Oil & Gas Press Release

Chevron companies provide health and educational support to communities in Rivers, Yobe and Oyo states

Chevron entities in Nigeria including Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National

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News Oil & Gas

NOSDRA gives reason why oil spill may continue in Niger Delta 

NOSDRA gives reason why oil spill may continue in Niger Delta  The National Oil Spill Detection Response Agency (NOSDRA) has explained that due to lack of modern technological innovations in securing pipelines, as well as legislation for its operations, oil spill incidences would continue in the Niger Delta. Director General of the agency, Idris Musa,

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News Oil & Gas

Nigeria’s oil output to rise as Shell resumes exports at Forcados terminal

Nigeria’s oil output to rise as Shell resumes exports at Forcados terminal Nigeria’s oil output could improve as Shell Petroleum Development Company (SPDC) says it has resumed loading on Nigeria’s Forcados crude oil after a months-long outage over a pipeline leak at the export terminal. Exports from Forcados which was scheduled to ship 220,000 barrels

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News Oil & Gas

PIA will foster devt of host communities, better Nigeria’s economy – Mulade, CEPEJ boss

PIA will foster devt of host communities, better Nigeria’s economy – Mulade, CEPEJ boss The National Coordinator of the Center for Peace and Environmental Justice (CEPEJ), Chief Sheriff Mulade, has said that the diligent implementation of the Petroleum Industry Act (PIA) will help facilitate the development of host communities and the economy of Nigeria by

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News Oil & Gas

OML 38: CEPEJ boss calls on Platform Petroleum, host communities to implement PIA Needs Assessment documents

OML 38: CEPEJ boss calls on Platform Petroleum, host communities to implement PIA Needs Assessment documents By Loveth Ojogun The National Coordinator, Centre for Peace and Environmental Justice, CEPEJ, who is also the Ibe Serimowei of Gbaramatu Kingdom, Chief Sheriff Mulade, has called on the host communities of OML 38, Platform Petroleum Limited, PPL, and

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News Oil & Gas

Chevron Nigeria Limited onboards Agbonu Ogulagha-Ibe Host Community Development Trust (HCDT)

Chevron Nigeria Limited onboards Agbonu Ogulagha-Ibe Host Community Development Trust (HCDT) LAGOS, AUGUST 4, 2023: Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL), has successfully completed an onboarding workshop for members of the Board of Trustees (BOT), Management Committee (MC) and Advisory Committee (AC) of the

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News Oil & Gas

PIA: Shell unveils Ogulagha, Iduwini, Itsekiri development trusts in Delta state

PIA: Shell unveils Ogulagha, Iduwini, Itsekiri development trusts in Delta state …Benikurukuru, Anoruse, Omagbitse inaugurated as chairmen The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture (JV), has unveiled three Host Communities Development Trusts (HCDTs) in Delta in line with the Petroleum Industry Act (PIA). The three Host Communities Development Trusts in Delta

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Oil & Gas

War against oil theft: NNPCL gives fresh updates, says 93 illegal pipeline connections discovered in one week

War against oil theft: NNPCL gives fresh updates, says 93 illegal pipeline connections discovered in one week The Nigerian National Petroleum Company Limited (NNPCL) has said that the country recorded 40 incidents of crude oil theft between July 15 and July 21, 2023. The company stated this on Tuesday via its official Twitter account. According

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News Oil & Gas

PIA: Shell earmarks $56.13m for Host Community Devt in Bayelsa

The international oil company (IOC) said the $56.13 million represents funds to be paid this year by the SPDC JV and Shell’s deep-water subsidiary -Shell Nigeria Exploration and Production Company Limited (SNEPCo) as contribution to HCDTs.

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Oil & Gas

Nigeria’s crude oil production crashes to 998,602 barrels per day in April – lowest in seven months

Nigeria’s crude oil production crashes to 998,602 barrels per day in April – lowest in seven months Oil production figures for Nigeria crashed to an average of 999,000 (0.999 million) voluntary production level in barrels per day (bpd) in April, just as Angola overtook Nigeria and led Africa with 1.063mbpd oil production in the month.

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News Oil & Gas

Festus Osifo re-elected as PENGASSAN president [FULL LIST]

Festus Osifo re-elected as PENGASSAN president [FULL LIST] The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has re-elected Festus Osifo as President. Osifo, who is also the President of the Trade Union of Nigeria was elected unopposed in Abuja during the 7th Triennial National Delegates Congress of PENGASSAN. The poll was monitored

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News Oil & Gas

Host Communities Trusts: NUPRC incorporates 41 associations, prequalifies 19 fund managers

Host Communities Trusts: NUPRC incorporates 41 associations, prequalifies 19 fund managers Nigeria got closer to its search for lasting peace in Nigeria’s oil-rich Niger Delta yesterday, with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosing that it has now pre-qualified 19 fund managers who will administer the 3 per cent allocation to Host Communities Development

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News Oil & Gas

President Buhari directs NUPRC to take over supervision of all crude oil export terminals

President Buhari directs NUPRC to take over supervision of all crude oil export terminals President Muhammadu Buhari, has directed the Nigerian Upstream Petroleum Regulatory Commission to take over the supervision of all crude oil export terminals in the country. This directive was contained in a letter, dated May 3, 2023, addressed to both the Chief

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News Oil & Gas

Shell reveals how Nigeria lost N2.3tn to oil theft in 12 months

Shell reveals how Nigeria lost N2.3tn to oil theft in 12 months Nigeria has lost an opportunity to produce and sell about 65,700,000 barrels of oil in the last one year due to issues bothering on pipeline vandalism and the resultant oil theft. This translates to about N2.3tn loss in oil revenue if the prevailing

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News Oil & Gas

OML 42: NNPC/NECONDE under fire as oil workers embark on strike over poor welfare

OML 42: NNPC/NECONDE under fire as oil workers embark on strike over poor welfare …Nigerians attack NNPC, NECONDE NNPC Production and Exploration Limited and Neconde Energy Limited, operators of Oil Mining Lease (OML) 42 in Delta state, have come under severe criticism after the workers embark on strike over poor salaries and treatment meted out

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News Oil & Gas

We want salary increment, good welfare package, protesting OML 42 workers tell NNPC/Neconde 

We want salary increment, good welfare package, protesting OML 42 workers tell NNPC/Neconde  Workers of NNPC Production and Exploration Limited/Neconde Energy, operators of Oil Mining Lease (OML) 42 on Thursday protested against the inability of the companies to meet their demands, warning that they will continue to disrupt and paralyze the flowstations until their demands

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News Oil & Gas

OML 42: Ijaw communities storm Odidi Flow Station, protest non-implementation of PIA, pipeline leakages, others

OML 42: Ijaw communities storm Odidi Flow Station, protest non-implementation of PIA, pipeline leakages, others …Threaten to shutdown OML 42 operations The people of Odidi and Kantu communities in Warri South West Local Government Area of Delta state, on Tuesday, March 28, 2023, protested what they described as the non-implementation of Petroleum Industry Act (PIA)

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News Oil & Gas

NNPCL begins oil drilling in Nasarawa

NNPCL begins oil drilling in Nasarawa President Muhammadu Buhari, has officially flagged off the spud-in of the Ebenyi-A Well located in the Middle Benue Trough, in Obi Local Government of Nasarawa State, Tuesday. Governor Abdullahi Sule, of Nasarawa State, while speaking at the occasion, appealed to both the President and the Nigerian National Petroleum Corporation

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News Oil & Gas

Nigeria earns N26trillion from crude oil sales in 2022 as exports increased by 46%

Nigeria earns N26trillion from crude oil sales in 2022 as exports increased by 46% Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79tn in 2022. This is as total trade rose by 31.79 per cent from N39.75tn in 2021 to N52.39tn in 2022. In 2022, crude oil sales

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