Energy

By PR In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market.  It would be recalled that in July, 2024, NNPC Ltd and its partner, the Sterling Oil Exploration & Energy Production Company (SEEPCO) Ltd introduced the Utapate crude oil blend, following the lifting of first cargo of 950,000 barrels which headed for Spain.   During a ceremony held at the Argus European Crude Conference taking place in London, United Kingdom, on Wednesday, the Managing Director, NNPC E & P Limited (NEPL), Mr. Nicholas Foucart described the introduction of the Utapate crude oil blend into the market as ...

Credit: Realnews SOPHIA Horsfall has officially assumed the position of General Manager, External Relations and Sustainable Development at the Nigeria LNG Limited (NLNG), following her appointment by the company's Board of Directors. Horsfall succeeds Andy Odeh, who retired on November 1, 2024. Prior to this new role, Horsfall served as Manager of Corporate Communications and Public Affairs at NLNG, where she built a distinguished career over her 25 years in the oil and gas sector. In a statement issued on Thursday, Anne-Marie Palmer-Ikuku, Manager of Corporate Communications and Public Affairs, highlighted Horsfall's extensive expertise across various fields, including finance, human resources, and corporate communications. “She is recognized for her versatile expertise in...

Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its roots as a big oil and gas player with a growth story to match rivals, revive its share price and allay investor concerns over future profits. Rivals Shell and Norway’s state-controlled Equinor are also scaling back energy transition plans set out earlier this decade. Their change of direction reflects two major developments - the energy shock from Russia’s invasion of Ukraine and a drop in profitability for many renewables projects, particularly offshore wind, due to spiralling costs, supply chain issues and technical problems. BP CEO Murray Auchincloss plans to plough billio...

By PR As part of its ambition to aim for near-zero methane emissions by 2030, TotalEnergies announces that the Company is going a step further in the monitoring and reduction of its methane emissions with the deployment of continuous, real-time detection equipment at all of its operated Upstream sites. Setting a new standard in monitoring of methane emissions Since 2022, TotalEnergies has been pursuing its ambition to aim for near-zero methane operated emissions in 2030: the Company will meet as soon as 2024 its target to reduce emissions by 50% compared to 2020, a year ahead of plan. TotalEnergies is thus well on track to achieve the targeted 80% reduction by 2030. This achievement is the result of numerous initiatives, including the successful deployment of its AUSEA1 drone...

By Ali Elias  NLNG has officially launched its Nigerian Content Human Capacity Development (NC-HCD) Basic Training Programme for the NLNG Train 7 Project, reaffirming its commitment to human capital development in Nigeria’s oil and gas industry. The programme, which began on Tuesday in Port Harcourt, Rivers State, is designed to equip 331 young graduates with critical skills across various disciplines, supporting the growth of a globally competitive workforce.  This milestone initiative, developed in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB), underscores the alignment between NLNG’s strategic goals and the objectives of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. This information is detailed in an NCDMB press...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has claimed that the Dangote Refinery is wrong for insisting their products will be sold at market price.  Speaking when he appeared on a live broadcast of Nigeria Info FM 99.3 which SaharaReporters monitored on Tuesday, Dr Joseph Obele, the National PRO, PETROAN said the cost of production of petrol was now below N600 per litre He said this was because of the fact that the Nigerian government had started selling crude oil to Dangote in Naira. Owing to these developments, Dr Joseph maintained that Dangote should also consider selling his refined product below the market price to ease the current hardships in Nigeria.  Dr Joseph said: “Scholars of oil sectors have done an analysis and the ana...

By Ali Elias In a decisive move to strengthen leadership and drive strategic growth, NNPC Limited’s Board of Directors has announced several key executive appointments aimed at fortifying the company’s commitment to corporate governance, operational efficiency, and sustainable success within Nigeria’s energy landscape. These appointments represent NNPC Limited’s ongoing efforts to build a dynamic leadership team dedicated to advancing Nigeria’s position in the global energy sector. Read on for detailed information about the appointments as contained in the Press Statement, titled, “Board of Directors’ Announcement Leadership Appointments At NNPC Limited” The Board of Directors of NNPC Limited is pleased to announce a series of strategic leadership appointments. These changes refle...

By PR Group CEO of NNPC Ltd, Mele Kyari has reiterated the company's commitment to resolving Nigeria's energy trilemma, by ensuring energy security, sustainable growth and energy affordability. Kyari disclosed this at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition themed: "Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability" in Lagos, on Monday. The GCEO, who was Special Guest of Honour at the occasion, also said the company has perfected plans to deliver 12 Compressed Natural Gas (CNG) Mother Stations and Mini LNG Plants soon, as part of efforts to boost the existing 1.6bscf of gas supply for domestic market.  "The energy trilemm...

(3rd left) GM, Corporate Communications and Zonal Coordination, Mr. Esueme Dan Kikile, Esq, representing Exec. Sec. NCDMB By PR As the 42nd Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) got underway in Lagos on Monday, the Nigerian Content Development and Monitoring Board (NCDMB) has canvassed industry-wide support for initiatives that would reverse negative trends in Nigeria’s energy sector. The Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, in a paper entitled “Resolving the Nigerian Energy Trilemma: Energy Security, Sustained Growth, and Affordability,” identified “alarming scale of pipeline vandalism and theft of crude oil” as the biggest threats to Nigeria’s energy security, noting that major oil and gas...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) and Butane Energy Limited on Friday recorded a significant milestone in their collective drive to make liquefied petroleum gas (LPG) a widely accessible, cleaner, and more cost-effective fuel option for cooking in the country, with the commissioning of a 180-metric-tonne LPG Filling Plant in Kaduna, Kaduna State. The Filling Plant, the second after the commissioning of another 100MT LPG Storage and Bottling Plant in Kabukawa Layout, Katsina, Katsina State, in 2021, is part of a joint venture to establish five of such facilities in Northern Nigeria with a combined storage capacity of 1,000MT. Kano LPG Storage and Bottling Plant in Kano State is slated for commissioning in the first quarter of 2025, while construction ...