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Eni Makes Major Oil Discovery in First Well Offshore Ivory Coast

Eni has discovered oil on the Baleine prospect in block CI-101 offshore Ivory Coast.The drillship Saipem 10000 drilled the Baleine-1x well in 1,200 m (3,937 ft) of water and about 60 km (37 mi) offshore. It reached a total depth of 3,445 m (11,302 ft) in 30 days. Baleine-1x discovered light oil (40° API) in two different stratigraphic levels. Intelligent ...

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FG’s Plans to Increase Oill, Gas Reserves On course – DPR

The Department of Petroleum Resources (DPR) says the Federal Government’s plans to increase the nation’s oil and gas reserves, are on course and being boosted by strategic policies and programmes. Head, Public Affairs, DPR, Mr Paul Osu, made this known in a statement on Tuesday in Lagos. Osu said the national aspiration of Nigeria was to increase its reserves from ...

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Reps to Kyari: “GMD You Have Made Our Day”

..,……As Kyari Clarifies Revenue Projection for 2022-2024 Revenue Framework……… The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday received accolades from the House of Representatives Committee on Finance for providing detailed explanations on some burning Oil Industry issues at an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework (MTERF) and ...

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NPDC, Ogoni People Pledge Cooperation on Oil Production

The leaders of Ogoniland in Rivers State under the auspices of the Ogoni Liberation Initiative have pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and production of oil and gas resources in its territory. The Ogoni leaders made the pledge Tuesday at the Ogoni Liberation Day which held in Bori with the Managing Director of ...

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Energy Analyst Explains 30 Percent Frontier Exploration Not from NNPC Overall Profit as Frontier Include South

Energy experts and oil and gas experts have been explaining and appealing to members of the public particularly the Niger Delta people who have frowned over the signing of the PIB into PIA by President Mohammadu Buhari. The signing into law the PIB has continued to elicit different reactions from industry players, stakeholders and host communities as well. While many ...

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NPDC Takes Over Operation of OML 11 after Successful Legal Tussle

The Nigeria National Petroleum Corporation (NNPC), through its subsidiary, the Nigeria Petroleum Development Company (NPDC) has taken over the operation of Oil Mining License 11 (OML 11). This is as a result of the recent Appeal Court judgment affirming its operatorship of the OML 11. NNPC has describe the court judgement as a huge victory for Nigeria and the beginning ...

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TotalEnergies Unveils New Names for the Upstream Companies in Nigeria

Following its recent name change from Total to TotalEnergies, the company has unveiled the new names of its Nigerian-registered Upstream Companies. TotalEnergies made the disclosure at a virtual media parley held on Thursday, August 19, 2021. It was also an opportunity to shed light on its trailblazing role in earning carbon credits in Nigeria while reiterating its long-term commitment to ...

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Shell Shops for Local Investors as It Blames Insecurity and Poor Engagement for Planned Exit

……Niger Delta no longer Core to it’s on- going Strategy…………….by Jenifer Dike…….Royal Dutch Shell has engaged Standard Chartered to shop for local investors to buy some of its onshore assets as the oil major blames insecurity, poor government engagement and the recently passed Petroleum Industry Bill (PIB) for pushing them out of Nigeria.According to Shell the Nigerian Niger Delta businesses ...

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NCDMB, TotalEnergies Celebrate Load Out of Ikike AMD 2 Module

Senior officials of the Nigerian Content Development and Monitoring Board (NCDMB), Total Energies Nigeria and the Department of Petroleum Resources on Saturday in Port Harcourt, Rivers State celebrated the load out of the AMD 2 Module of the Ikike Development Project, describing it as another remarkable Nigerian Content accomplishment by TotalEnergies Nigeria Limited. The AMD 2 Module is a component ...

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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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