Author: Rareview

L-R: Managing Director and Chief Executive Officer Renaissance Africa Energy Company, Dr. Tony Attah, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe and Chairman of Renaissance Africa Energy Company Limited, Dr. Layi Fatona By Ali Elias In a move signaling renewed commitment to local content advancement and indigenous energy development, the Nigerian Content Development and Monitoring Board (NCDMB) has pledged full support to Renaissance Africa Energy Company Limited, the consortium that recently acquired Shell Petroleum Development Company’s (SPDC) onshore oil assets. The pledge was made during a courtesy visit by Renaissance Energy’s management to the NCDMB headquarters at the Nigerian Content Tower, Yenagoa, Bayelsa Sta...

By Ali Elias In a strategic move poised to reshape Nigeria’s energy governance landscape, the Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled a new senior management team. The appointments, made public on April 4, are part of an ongoing overhaul aimed at repositioning the national oil company as a commercially viable and globally competitive energy conglomerate. Following the confirmation of its Group Chief Executive Officer (GCEO) and Board of Directors, NNPC Ltd has now constituted an eight-member senior executive team to drive its reform agenda. Leading the team is the newly appointed GCEO, Mr. Bashir Bayo Ojulari, a seasoned petroleum engineer and energy strategist. The appointments, which took immediate effect, are expected to boost operational efficiency, st...

R-L, New Group CEO NNPC Ltd, Mr. Bayo Ojulari and his predecessor, Mr. Mele Kyari display handover notes during a brief handover ceremony held at the NNPC Towers, Abuja on Friday. By PR The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr. Mele Kyari.  In a brief handover ceremony held at the NNPC Towers on Friday, the GCEO commended Kyari for his contributions to the growth of NNPC Ltd and his sterling service to the nation.  He disclosed that the objective of his management was to consolidate on the successes of his predecessor and take the company to the next level.  He said though the targets set for his management w...

By PR Poised for a 70 per cent mark in Nigerian Content in the oil and gas industry by 2027, the Nigerian Content Development and Monitoring Board (NCDMB) on Monday teamed up with Nigeria’s leading global brand in gas liquefaction, Nigeria Liquefied Natural Gas (NLNG) Limited, to broaden the scope for participation of community vendors in the industry value chain. At a workshop themed “NLNG Community Vendors Capacity Development Programme,” attended by no fewer than 90 contractors drawn from oil- and gas-producing communities, the full gamut of industry operations in the upstream, midstream and downstream as well as opportunities was spotlighted by key personnel from the NCDMB and NLNG. In the lead presentation by the Manager, Project Certification and Authorization Directorate (P...

The Nigerian National Petroleum Company Limited’s (NNPC) decision to halt crude deliveries to the Dangote refinery and other local plants in March contributed to a dip in oil output from the Organisation of the Petroleum Exporting Countries (OPEC), according to a new Reuters survey. The survey revealed that OPEC's collective output fell by 110,000 barrels per day (bpd) in March, with Nigeria, Iran, and Venezuela each accounting for a 50,000 bpd decline. In Nigeria's case, the drop was attributed to “reduced deliveries to the Dangote refinery, offsetting higher exports,” Reuters reported. Despite this decline, Nigeria is reportedly producing slightly above its OPEC quota. Delayed Shipments and Disputed Terms Sources told The PUNCH that NNPC delayed seven crude cargoes meant for ...