Despite the global clamour for decarbonization and energy transition, oil and gas remain relevant in the global energy mix, an official said.
President Muhammadu Buhari will on Monday commission the 650,000 BPD Dangote Petroleum Refinery and Petrochemicals.
Nigeria’s oil production in April fell to less than 1 million barrels per day, indicating that feedstock could pose a challenge to the Dangote Refinery. Without a licence to operate yet acquired due to outstanding technical work, the refinery may not be an elixir to petrol shortages in the short-term. The commission is shaping out […]
NIGERIA’s oil production, including condensate, dropped month-on-month, MoM, by 17.7 percent to 1.25 million barrels per day, bpd in April 2023, from 1.52 million bpd recorded in the preceding month of March 2023.
The Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Mrs Elohor Aiboni, has expressed appreciation to the leadership of the Nigerian National Petroleum Company Ltd and the NNPC Upstream Investment Management Services (NUIMS) for the level of collaboration geared towards maximising the potential of the deepwater assets and delivering key projects to unlock value for stakeholders.
The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the federal government has concluded plans to explore alternative funding models for the development of the country’s hydrocarbon resources.
Nigeria’s oil and gas sector is currently feeling the impact of about $21 billion in divestments by oil multinationals, as its upstream capital expenditure assumes a downward trend.
Nigeria’s oil reserve dropped slightly to 36.966 billion barrels as of January 2023 just as the gas reserves grew slightly, said the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
According to an analysis of the government’s oil production report, excluding condensates, the nation’s oil output increased from 1,258,150 barrels per day in January 2023 to 1,306,304 barrels per day in February.
Shell has a fraught history in the West African nation, where frequent spills and challenging relationships with local communities have led it to reassess the future of its onshore and shallow water operations