The Nigerian UPstream Petroleum Regulatory Commission, NUPRC, says it has implemented series of transformative and regulatory interventions designed to reposition Nigeria’s upstream sector for competitiveness, resilience and sustainable growth, adding that through these efforts, the Commission is not only driving the rebound of the oil and gas industry, but also shaping Nigeria’s long-term energy future….
The Nigerian Content Development and Monitoriong Board (NCDMB), and Nigerian Export Import Bank (NEXIM) have distributed about $42million loans to Small and Medium Enterprises (SMEs) to boost local participation in the oil and gas industry. The Head, Specialized Business at NEXIM, Muhammed Z. Awami, made the disclosure during a panel session at the NCDMB stakeholders’…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled a comprehensive Gas Development Roadmap aimed at unlocking over 55 trillion cubic feet of uncommitted gas reserves and attracting billions of dollars in new investments across Nigeria’s gas value chain. According to the Commission, the initiative has already attracted about $4.9 billion in capital expenditure (CAPEX)…
This growth will be driven by a major upgrade of our exploration and production services, enhanced execution capacity, and the acquisition of seven brand-new rigs to accelerate and improve production efficiency, Leste Aihevba, Chief Technical Officer, Asharami Energy, a Sahara Group Upstream Company said. Aihevba made this disclosure while addressing investors and stakeholders during a…
The Nigerian National Petroleum Company Limited, NNPCL, has attributed the recent rise in cooking-gas prices to a temporary disruption to loading and distribution during the strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria. The Group Chief Executive of NNPCL, Mr Bayo Ojulari, disclosed this while speaking to State House correspondents on…
On Sunday, OPEC+ agreed to raise oil output by 137,000 barrels per day (bpd) from November. The increase is equal to the one adopted in October, with markets seeing it as a cautious step amid persistent fears of an oversupplied market. This relatively modest increase came after the group hit back at rumors of a…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, is confident that the nation’s oil production will hit 1.8 million barrels per day crude benchmark before the year ends. According to Channels Tv report, Ojulari stated this after visiting President Bola Tinubu in Lagos. The NNPCL boss was in…
The tension in Nigeria’s oil and gas sector seems to have come to an end as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reached an agreement to suspend two days action against Dangote Refinery. This comes as the oil company agreed to recall its workers dismissed for belonging to PENGASSAN….
Shell aims to strengthen its focus on LNG over the next decade, with chief executive Wael Sawan saying that LNG will be the company’s “biggest contribution to the energy industry”. Sawan noted that natural gas is one of the best fuels to reduce emissions in places that currently rely heavily on coal, such as China,…
Sahara Group, in collaboration with the Association of Energy Correspondents of Nigeria (NAEC), has announced its “Making A Difference: Workshop” aimed at Championing Excellence and Sustainability in Energy Reporting The annual initiative is designed to support energy reporters to hone both their journalistic craft to effectively drive Nigeria’s energy sector reforms and the global energy…
