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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 ...

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 ...

Shell Nigeria Exploration and Production Company (SNEPCO), operator of the Bonga Northwest oil field, has displayed a new technology known as ‘digital twin’ at SAIPEC 2021, which enables the company to operate safely on the Bonga Floating production storage and offloading (FPSO) vessel located offshore Nigeria. Bonga is the first deep water project for the SNEPCO and for Nigeria, which ...

Shell yesterday reported the final investment decision (FID) for Whale, a deepwater U.S. Gulf of Mexico (GOM) development featuring a 99 percent replicated hull and an 80 percent replication of the topsides from its Vito project. “Whale is the latest demonstration of our focus on simplification, replication, and capital projects with shorter cycle times to drive greater value from our ...

The Bayelsa State Government has declared interest in acquiring the OML 46 and wants the revoked license reversed by the Department of Petroleum Resources (DPR) This was declared by the Bayelsa State Governor, Douye Diri who expressed shock over the unsuccessful bid to reacquire the marginal field as the Bayelsa Oil Company was excluded from the marginal bidding process, according ...

The Department of Petroleum Resources (DPR) has reaffirmed its commitment to boost production in the nation’s oil reserves. According to the Department, out of 7,000 reservoirs in the country, operators in the oil and gas industry are currently utilising only 1,300 reservoirs. The Director, DPR, Sarki Auwalu, at the 2nd quarter, 2021 business dinner of the Petroleum Club Lagos sponsored ...

…Experts back DPR, say House lacks power to reverse Dawes Island marginal oilfields’ Award……. The Nigerian House of Representatives’ Committee on Public Petitions and the Department of Petroleum Resources (DPR) are on collision course over Dawes Island marginal field lost by Eurafric for holding the national asset without production and making it unviable for seventeen years. The Minister of Petroleum ...

Governors of Southern Nigeria on Monday vehemently rejected the 30 per cent being proposed in the Petroleum Industry Bill (PIB) for oil exploration in the northern part of the country through the “Frontier Basins”. According to the recently passed PIB, the 30 per cent from profit generated by the proposed Nigerian National Petroleum Company Limited will be allocated for exploration ...

The Nigerian National Petroleum Corporation (NNPC), Total Energies and others are now set to earn over $760 million from OML 130 in a new gas supply agreement. The NNPC and its partners in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) and Production Sharing Contract (PSC) are to take in this $760 million from fresh Gas Supply Purchase ...

The Nigerian Petroleum Development Company Limited (NPDC), has said that its Corporate Social Responsibility (CRS) programme has been impactful. The NPDC, a subsidiary of Nigerian National Petroleum Corporation (NNPC), observed that the corporation has long been ahead of other organisations in carrying out CSR programmes to its host communities in Edo. The Managing Director of NPDC, Mr Mansur Sambo, made ...