Upstream

Ado Osereagbaje, the Managing Director of Heritage Energy Operational Services Limited (HEOSL), operator of the OML 30 Joint Venture between NNPC Exploration and Production and Shoreline Natural Resources Limited (NEPL/SNRL Joint Venture), The need for more data on the Frontier Basins in Nigeria has again been emphasized by Ado Osereagbaje, the Managing Director of Heritage Energy Operational Services Limited (HEOSL ...

……..by Precious Okolobo……Two years ago, Shell named Mrs. Elohor Aiboni to superintend its deep-water subsidiary in Nigeria, an appointment that not only shattered the proverbial glass ceiling but also recognised the repertoire of Nigerian talent in the oil and gas industry. Elohor became Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo) on August 1, 2021, the first female ...

…Says commission is focused on prevention and elevation of transparency in the energy sector…… …….by Ben Ndubuwa……As part of the effort to stop oil theft and illegal financial flows in the country, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has revealed that the commission has come up with a policy framework that will enhance proper monitoring, transparency and ensure accountability ...

……..frowns over insecurity over pipeline…. ….by Ben Ndubuwa…….. The Chief Executive Officer, Seplat Energy Plc, Roger Brown, has said. that there is a severe need for funding in the upstream and midstream segment of the energy sector in Nigeria, and relevant success stories from the country will facilitate these investments, Brown said that attracting the necessary funding will be dependent ...

……….huge opportunities due to PIA…… ………by Ben Ndubuwa…. The Group General Manager ( GGM) of Nigerian Upstream Investment Services (NUIS) of formerly National Petroleum Investment Management Services, (NAPIMS) ) of the NNPCL, Mr Bala Wunt has said that Nigeria is expecting to receive additional foreign direct investments worth between $18 and $20 billion in the oil gas sector in the ...

…,…… May Announce IPO soon …. …….…by Ben Nduuwa……… The Group Chief Executive Officer (GCEO) Nigeria National Petroleum Company Limited (NNPCL) Malam Mele Kyari has dismissed some alleged accusations and impression being created across the oil and gas industry stakeholders that the NNPC is blocking the move by local investors who had espressed interest in acquiring some IOCs divested assets. ...

A Federal High Court, Abuja, on Wednesday, ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) not to take further action in respect of the oil mining lease suit filed by Mobil Producing Nigeria Unlimited pending the hearing and determination of the substantive matter. Justice Inyang gave the directive shortly after counsel to NMDPRA, Ama Etuwewe, a senior advocate ...

…….. By Ben Ndubuwa………. Tullow expects the operator to carry out new drilling in 2025. The plans is for seven infill wells, two producers on West Espoir and two producers and three injectors on East Espoir. BW Offshore has closed the sale of its Espoir Ivoirien FPSO for $20 million, it announced, following a string of contract extensions. Canadian Natural ...

…….by Ben Ndubuwa……… TotalEnergies has said it has discovered oil in the Ntokon oil and gas on OML 102 offshore Nigeria. According to TotalEnergies, the Ntokon-1AX discovery well – located in shallow waters, 60 km off the southeast coast of Nigeria – encountered 38 meters of net oil pay and 15 meters of net gas pay, while its side-track Ntokon-1G1 encountered ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed seven oil regulations. This is part of the efforts of the Federal Government to boost metering of crude oil operations in the upstream sector of the petroleum industry. The new regulations signed by the agency are Nigeria Upstream Petroleum Measurement Regulations; Frontier Basins Exploration Fund Administration Regulations; Production Curtailment and Domestic ...