Energy

Photo: Daily Post President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry in this exclusive interview with DAILY POST correspondent, Ariemu Ogaga explains that Nigerians should tread with caution over Dangote Refinery and its fuel price regime in the coming months to avoid cannibalization of small businesses in the oil & gas sector. He also lays bare issues affecting the sector vis-a-vis the Nigerian economy. Excerpts! Aliko Dangote projected that by mid-July (Now August), his refinery will come on board. What would that be for stakeholders and Nigerians? Well, we want Dangote refinery to start producing on all four valves. All valves should be open and wide. However, there’s a need to be cautious about the development of the b...

Mauritius-based Chappal Energies has acquired a minority share in TotalEnergies’s Nigerian onshore joint venture assets for $860 million. The new purchase by Chappal Energies, a company registered in Mauritius in 2022, includes an interest in 15 licences producing mostly oil, with production netting Total of 14,000 barrels of oil equivalent per day in 2023. This deal includes three additional licenses that produce mostly gas and currently account for 40 percent of TotalEnergies’ Nigeria LNG gas supply. BusinessDay’s findings showed Chappal Energies, a consortium known for its discreet approach in the industry is led by William Higgs (chairman), Adesola Oyinlola (director), Ufoma Immanuel (director), and Victor Imevbore (director). Further findings showed these four silent titan...

By Ali Elias Dangote Industries Limited (DIL) has praised the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its efforts in facilitating the company's crude supply requests from International Oil Companies (IOCs) and for issuing the Domestic Crude Supply Obligation (DCSO) guidelines to promote transparency in the oil industry. DVG Edwin, Vice President of Oil & Gas at DIL, stated, "If the Domestic Crude Supply Obligation (DCSO) guidelines are diligently implemented, we can directly deal with the companies producing crude oil in Nigeria as outlined by the PIA." Edwin emphasized that IOCs operating in Nigeria have consistently obstructed the company's attempts to obtain locally produced crude for its refining process. He highlighted that when cargoes are offered t...

CHAPPAL Energies yesterday said it has acquired a 10 percent non-operated interest Sale and Purchase Agreement with Total Energies, EP, Nigeria Limited, onshore and shallow water assets within the Shell Petroleum Development Company, SPDC, Joint Venture, JV, in the Niger Delta. Commenting on the achievement, the Managing Director of Chappal Energies, Mr. Ufoma Immanuel expressed optimism on the development noting that the acquisition marks a significant expansion in the Niger Delta, thereby diversifying its Nigeria footprint between the offshore and onshore basins. He added “Chappal Energies becomes the first Nigerian company to execute two significant transactions within a 12-month period. “The transaction is poised to bring substantial benefits to stakeholders, including sh...

By PR The National Assembly has thrown its weight behind NNPC Limited's ongoing efforts to boost Nigeria’s crude oil production and grow its reserves, saying it will consider stiffer consequences for crude oil thieves and vandals of the nation's critical hydrocarbon infrastructure.  L-R: Chairman, Senate Committee on Petroleum Resources (Upstream), Sen. Eteng Jonah Williams; Chief Upstream Investment Officer, NNPC Ltd, Mr. Bala Wunti and Chairman House of Representatives Committee on Petroleum Resources (Upstream) Hon. Alhassan Ado Doguwa during an oversight visit by the National Assembly Joint Committee on Petroleum Resources (Upstream) to the NNPC Upstream Investment Management Services (NUIMS) Headquarters in Lagos This was made known when the National Assembly's Joint Com...

Ali Elias Obinna Joseph Ezeobi, one of the pioneer staff member of the Nigerian Content Development and Monitoring Board (NCDMB), earned a Doctorate Degree in Communication Studies at the University of Port Harcourt, Rivers State, on Friday, July 12, 2024. Ezeobi, who holds the position of Deputy Manager at NCDMB, successfully defended his dissertation titled “Nigerian Oil and Gas Content Communication Campaigns and Selected Oil Companies’ Awareness and Compliance” during an external examination conducted by esteemed academics. His research delved into the introduction and communication of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act as a transformational policy by the Federal Government, addressing its challenges and limitations as a developmental strategy. ...

The NNPC Ltd and Shell Petroleum Development Company (SPDC), through its Joint Venture partnership, have reiterated their commitment to impact on lives through sustainable development projects in Nigeria.  This was disclosed by the two companies during the commissioning of a state-of-the-art ICT Centre at the Bauchi State University, Gadau (BASUG), built by the NNPC/SPDC JV, on Thursday. The DG Bureau for ICT, Bauchi State, Alh Hayatuddeen Babamaji cuts the tape to commission the state-of-the-art ICT Centre built by the NNPC/SPDC JV, at the Bauchi State University, Gadau (BASUG), on Thursday. On his right is the Representative of the Chief Upstream Investment Officer (CUIO), NNPC Ltd, Mr. Sani Kabo; while on his left are the Representative of the Chancellor of the Universit...

The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible. Kyari, who disclosed this on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos, said in addition to the massive deployment of CNG stations nationwide, the NNPC Ltd and its partners would also build three Liquefied Natural Gas (LNG) stations in Ajaokuta.  Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo (3rd left) cuts a tape to commission an NNPC Compressed Natural Gas (CNG) Station in Abuja, as part of the 12 CNG Stations commissioned in Lagos and Abuja, on Thursday. From the Minister’s left are the Board Chairman, NNPC Ltd, Chi...

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for the establishment of more local institutions in Nigeria and Africa with capacity to provide funding for energy projects to tackle energy poverty. The call was made by the Chief Financial Officer of NNPC Ltd, Mr. Umar Ajiya, at the ongoing 23rd Nigeria Oil Gas Conference and Exhibition (NOG Energy Week) in Abuja on Wednesday.  Chief Financial Officer, NNPC Ltd, Mr. Umar Ajiya (2nd from right) speaks at a Panel Session themed, “Accelerating Investment, Enabling Industry Growth, Meeting Energy Demand”, during the ongoing 2024 Nigeria Oil Gas Conference and Exhibition (NOG Energy Week), in Abuja. Speaking at a panel session themed, “Accelerating Investment, Enabling Industry Growth, Meeting Energy Demand”, ...

By PR The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday constituted a Joint Working Team (JWT) with the Gas Aggregator Company Nigeria (GACN) Limited on gas utilization and commercialization. Speaking at the inauguration at the Board’s liaison office in Abuja, the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, acknowledged the correlation between the mandates of the Board and GACN, noting that the collaboration would stimulate gas market expansion and sustainable development and monitoring of the midstream and downstream activities as relate to the Nigerian oil and gas subsector through commercialization opportunities. The Executive Secretary, who was represented by the Director, Monitoring and Evaluation, Mr. Abdulmalik Halilu, announced that the ...