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FG Determined to Encourage Utilization of Natural Gas and It’s Derivatives – Minister

…….by James Ikenna……..The Minister of State for Petroleum Resources, Chief Timiprye Sylva has said that the Federal government is determined to encourage more penetration of natural gas and its derivatives for domestic utilization, power generation, gas-based industries and all aspects of national economy. Speaking at the 44th edition of the Nigeria Annual International Conference and Exhibition (NAICE) of the Society ...

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NNPC Will Declared First Dividend to Nigerians in Months Ahead – Kyari

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC) has said the Corporation will in months ahead declare its first dividend to Nigerians as it prepares to release its 2020 financial statements in the third quarter of this year. Kyari disclosed this in Lagos while delivering an address at the opening ceremony of the Nigeria Annual International Conference and ...

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ERA Demands Shell Accountability, Halt to Divestment of Facilities

Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has deplored the recent disclosure that Shell plans to sell its land based and shallow offshore oil fields and infrastructures in the Niger Delta region of Nigeria. The Benin City-based group accused the oil giant of “seeking to walk away from its crime scene with billions of dollars in its kitty” after ...

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TotalEnergies Develops Key Strategic Plan Towards Clean Energy And Carbon Neutrality

The French multinational, TotalEnergies has declared that it will stop at nothing in its determination to lead the global energy sector to achieve affordable and clean energy. The company has also revealed a time frame to achieve its ambition in the new energy plan. The Country Chair Total in Nigeria and Managing Director Total Exploration and Production, Nigeria Limited, Mike ...

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Oil and Gas Operators Should be in Phase with Global Drive for Carbon Reduction – SPE Chairman

………by Ben Ndubuwa…….The Chairman Society of Petroleum Engineers (SPE), Nigeria, Mr. Olatunji Akinwunmi has said that it is in the best interest of the oil and gas industry operators to be in phase with the rest of the world in the quest to significantly pursue the reduction of carbon intensity in their various operations.. Akinwunmi in his welcome address in ...

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NNPC to Develop Comprehensive Divestment Policy for IOCs

The Nigerian National Petroleum Corporation (NNPC) says it will soon develop a Comprehensive Divestment Policy for International Oil Companies ( IOCs) operating in the country to protect strategic national interest. Mr Mele Kyari, the Group Managing Director, NNPC disclosed this in Lagos on Monday at the 2021 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE). The ...

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NNPC Records Petroleum Product Sale of ₦234.63 Billion in March

The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from the sale of white products in the month of March 2021 representing a 24.7% increase from the ₦188.15billion sales recorded in the previous month of February 2021. This is contained in the March 2021 edition of the ...

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FG Begins Plans to Accommodate Nuclear Power in National Grid

Ahead of its plan to accommodate nuclear power in the Nigeria’s national grid, the Nigerian Atomic Energy Commission (NAEC) and the Russian Federation have commenced deliberations with the Federal Ministry of Power. The duo also begun discussions with the Federal Ministry of Finance, Budget and National Planning on how to accommodate the feasibility study of the plan in the 2022 ...

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Oil Majors Reposition Management for New Energy Order as Shell Appoints Female Managing Director

.,………by Jenifer Dike……….As the oil majors streamline their operations globally in order to embark on energy transition they are as well repositioning their management staff so as to drive the new energy order.Recently Chevron Corporation named Jeff Gustavson president, Chevron New Energies, effective today, August 2, 2021. Gustavson Chevron said will serve as a corporate officer and report to Chevron ...

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Seplat Grows Half Year Profit Before Deferred Tax by 142.7 Percent

…declares interim dividend of 2.5 cents per share…… Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show that revenue went up 32percent to $308.8 million in H1’21, from $233.5million in H1’20; earnings before interest, taxes, ...

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