Upstream

Savannah Energy PLC, the African-focused British independent energy company, has published its updated Competent Person’s Report (CPR) covering the Company’s assets in Nigeria, whereby Gross 2P Reserves increased 27 per cent, together with a financial and operational update for the year to date. According to Nkoyo Etuk, Head of Stakeholder Relations & Communications & Regional Manager South East, the CPR ...

……….by Jenifer Dike……….. Nigeria has recorded an avarage daily crude oil Production of 1.57 million in the third quarter about 10 Percent lower compared to the same period last year. The nation in the third quarter of 2021 recorded an average daily oil production of 1.57 million barrels per day (mbpd). This is 0.10 mbpd lower than the daily average ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced aggressive steps it is currently taking as well as plans to help the country achieve 40 billion barrels oil reserve and three million barrels per day (bpd) targets. Chief Executive Officer, NUPRC, Mr. Gbenga Komolafe, disclosed these yesterday in Lagos, in his keynote address at the opening ceremony of the ongoing ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has expressed its readiness to collaborate with PricewaterhouseCoopers (PwC) in its quest to develop a 21st century Upstream regulator for Nigerian oil and gas industry. The Commission Chief Executive, Mr Gbenga Komolafe, stated this when the management team of PwC visited him in his office in Abuja. Komolafe, in a statement by Mr ...

Fresh crisis is looming in the oil rich Niger Delta region as the OML 42 host communities in Warri South and Warri South-West local government areas of Delta State have given the managements of NPDC/NECONDE AMT JV, operators of the OML, 14 days to honour terms of agreement signed with the communities. A statement on Wednesday said the communities, under ...

The Chief Executive of the newly-created Nigerian Upstream Petroleum Regulatory Commission, (NUPRC), Gbenga Komolafe is seeking Collaboration with the Independent Petroleum Producers Group, IPPG, for the smooth implementation of the Petroleum Industry Act, PIA, adding that the indigenous exploration and production companies are a critical component of the Government’s energy security plan for the nation. Komolafe made the call during ...

…….Urges FG to make seaports in Niger Delta operational…… Immediate past Governor of Delta State, Dr Emmanuel Uduaghan, has said there could not be a part of Nigeria that is a no man’s land, insisting that offshore areas belong to the states. Uduaghan who stated this while delivering a lecture titled: “Niger Delta Economy: Building a new face for the ...

…….Workers negotiating remuneration package ahead of planned sale……A unit of Exxon Mobil Corp. in Chad has temporarily shut in production after its facilities were attacked over ongoing talks to sell the business to London-based Savannah Energy. Workers have been protesting while in negotiation with the leadership of Esso Exploration and Production Chad Inc. about their remuneration package ahead of the ...

The spate of divestment hitting the Nigerian oil and gas industry has been blamed on Insecurity and the current waves of energy transition being pursued by the International Oil Companies (IOCs) A former Deputy managing director of Shell Petroleum Development Company,(SPDC), Egbert Imomoh, said that there are also several other reasons why IOCs are divesting from Nigeria. According to Egbert ...

Director, Department of Petroleum Resources (DPR), Mr Sarki Auwalu, has called for the support of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) towards the smooth implementation of the Petroleum Industry Act (PIA). Auwalu made the call on Thursday at the 6th Triennial Branch Delegates Conference and Award Ceremony of the Petroleum and Natural Gas Senior Staff Association ...