Upstream

…assures that the government will not impede the Shell/Renaissance deal…. The Minister of State, Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said that the Seplat –ExxonMobil deal is about 99 % completed, stating that very soon the parties would have the deal sealed. The minister disclosed this while attending the World Economic Forum holding in Davos, Switzerland, to Arise Television. ...

The Chairman of Independent Petroleum Producers Group (IPPG), Mr. Abdulrazaq Isa, OFR, said that the global energy transition, the Petroleum Industry Act (PIA), divestments by International Oil Companies (IOCs), and the Decade of Gas Initiative has presented indigenous players with exciting opportunities for the industry’s transformative shift. According to the IPPG Chairman, “the ongoing global energy transition drive as well ...

Equinor has sold its Nigerian business, including its share in the Agbami oil field, to Nigerian-owned Chappal Energies.   Equinor and Chappal Energies entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85percent ownership in oil and gas lease OML 128, including the unitised 20.21percent stake in the Agbami oil field, operated by Chevron. ...

……Ben Ndubuwa…… TotalEnergies has dismissed any form of fear that the leak from its Egina Floating Production Storage and Offloading (FPSO) would impact on shoreline or communities. The leak was said to have occurred while crude was being loaded from the vessel on November 15. In a statement on Thursday, Charles Ebereonwu, country communication manager at TotalEnergies, said the incident ...

French energy giant TotalEnergies said that it is in the process of drilling the first of three wells on a field offshore Nigeria with one of Noble Corporation’s drillships. All three wells are expected to be tied into an existing floating production, storage, and offloading (FPSO) vessel upon completion Before TotalEnergies secured a 20-year renewal of the OML 130 production ...

The Nigeria Extractive Industries Transparency Initiative and the Nigerian Upstream Petroleum Regulatory Commission, have clarified concerns around the 2020 marginal fields awards. Both agencies explained in separate statements that recent reports that quoted NEITI report to have insinuated that the NUPRC did not adhere to its own regulations while implementing the marginal fields award, were quoted out of context. “We ...

…Settles Lingering PENGASSAN-Total Energies Management Rift…….. Following a peace deal brokered on Sunday by the Nigerian National Petroleum Company Limited, NNPCL, between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the unions have agreed to suspend ongoing industrial ...

…As Export of Two 950,000 barrels Cargoes Commences….. The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has granted a Petroleum Exploration Licence (PEL) to TGS-PetroData Offshore Services Limited (TGS-PD), the first new licence issued under the Petroleum Industry Act (PIA) 2021.Chief executive of the commission, Gbenga Komolafe, who made this known in a statement on Thursday, said the approval was under the licence agreement which the Commission and TGS-PD ...

…….by Victor Egbo……..Austin Avuru, Executive Chairman of AA Holdings, has stated that Nigeria will need about $25 billion of annual investment in the next ten years if it is committed to achieving crude oil output of 4 million barrels per day and 3 billion cubic feet per day of domestic gas production. Avuru made this known during a panel session ...