Upstream

The Nigerian Content Development and Monitoring Board (NCDMB) and Butane EnergyLimited on Friday recorded a significant milestone in their collective drive to makeliquefied petroleum gas (LPG) a widely accessible, cleaner, and more cost-effective fueloption for cooking in the country, with the commissioning of a 180-metric-tonne LPGFilling Plant in Kaduna, Kaduna State. The Filling Plant, the second after the commissioning of ...

An indigenous oil and gas producer, Millennium Oil and Gas Company Limited (MOGCL) has entered a collaborative arrangement with American energy solutions provider, Saltspring Energy LLC, to decarbonize operations at the Oza oilfield. The agreement seeks to harness flare gas at the Oza marginal field in Abia State for production of electricity. Millennium Oil is a Nigerian based exploration and ...

Heirs Energies, Africa’s premier integrated energy company, delivered transformative insights and solutions at the African Energy Week (AEW) 2024 in Cape Town, South Africa. The landmark event, which convened global energy leaders from November 4-8, served as a platform for charting Africa’s path toward energy sovereignty and sustainability. In a compelling fireside chat with Energy Intelligence, Osayande Igiehon, CEO of ...

Shell Brasil Petróleo Ltda, a subsidiary of Shell plc, has announced the start of production of the floating production storage and offloading facility (FPSO) Marechal Duque de Caxias in the Mero field, in the pre-salt area of the Santos Basin, offshore Brazil. Also known as Mero-3, the FPSO has an operational capacity of 180,000 barrels of oil per day. (Shell ...

The Chairman of Dangote Group, Aliko Dangote, on Tuesday, urged petroleum marketers, including the Nigerian National Petroleum Company Limited, to source petrol directly from his refinery to meet local demands. Dangote confirmed the refinery’s readiness to supply fuel after closed-door talks with President Bola Tinubu at the Aso Rock Villa, Abuja. He stated that the refinery can produce over 30 ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has begun the technical screening of financially qualified bidders for the 2024 oil licensing rounds. This process is crucial in determining each company’s technical capacity to operate the oil blocks for which they submitted bids, with 31 oil blocks on offer—comprising 26 deep offshore blocks, three continental shelf blocks, and two onshore blocks. ...

The Independent Petroleum Producers Group (IPPG) commended the leadership of Engr. Gbenga Komolafe, the Commission Chief Executive of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for tireless efforts and unwavering commitment to the growth and development of the oil industry. IPPG made this commendation during the third year anniversary celebration of NUPRC. According to the independent petroleum producers, the Commission has ...

The Federal Government has announced the approval of ExxonMobil’s $1.283 billion divestment of its offshore shallow water oil and gas assets to Seplat Energy Plc. The announcement is coming well over two years after the two companies announced the transaction in February 2022. With the closing of the transaction, the entire 40 per cent equity holding in the offshore shallow ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) marked its third anniversary with the launch of the Project 1 Million Barrels of Oil Per Day (1MMBOPD) initiative. Speaking at the event, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission Engr. Gbenga Komolafe, highlighted the NUPRC’s achievements since its formation in 2021, following the enactment of the Petroleum Industry ...

The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission has announced the availability of 220 open acreages that are ready for exploration and investment opportunities. In the oil and gas sector, acreages mean specific tracts of land available for exploration, drilling, or production activities. They can be leased or sold to companies to extract natural resources. The government also ...