Energy

NNPC HQ The Nigerian National Petroleum company limited (NNPC) and TotalEnergies  will invest $550 million to develop a gas processing facility in southern Rivers state to boost exports and domestic supplies, an NNPC source said on Wednesday, according to Reuters The investment would include a gas processing plant and a pipeline, said the source who is privy to the agreement but could not be named as they were not authorised to speak on the issue. Total has declined to comment on this. Meanwhile, the NNPC source said an announcement would be made this week. The gas processing facility will be built on the Ubeta onshore gas field, jointly owned by Total and NNPC, and will supply gas to the Nigeria Liquefied Natural Gas (NLNG) plant. When completed, the plant would generate 35...

By Ali Elias The Nigerian National Petroleum Company (NNPC) has strongly denied media reports alleging it inflated subsidy claims by N3.3 trillion. In a press release, Chief Corporate Communications Officer Olufemi Soneye stated that NNPC Ltd. is unaware of any audit of its subsidy claims or related probes. The company insists it operates on a commercial basis and will resist any attempts to drag it into the politics of fuel subsidies. The Statement, entitled, NNPC Ltd Disclaims Report On Alleged Inflated Subsidy Claims, reads: The Nigerian National Petroleum Company Limited (NNPC Ltd.) notes with dismay a report in a section of the media alleging that it inflated subsidy claims by N3.3 trillion, and wishes to state that: 1. NNPC Ltd. conducts its businesses accountably and transp...

By Press Release The Honorable Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has commended the Nigerian Content Development and Monitoring Board (NCDMB) and Nedogas Development Company Limited for initiating and successfully executing the 300 million standard cubic feet (MMscf) Kwale Gas Gathering (KGG) Facility and Nedogas Plant in Umusam community, Delta State. Speaking at the formal commissioning of the two projects on Thursday, the Minister said the outcome of the strategic collaboration between the two companies represents “a significant advancement in the country’s efforts to promote sustainability, energy efficiency, and economic expansion.” According to him, “The NCDMB and Nedogas Limited, of which Xenergy Limited is a part, deserve praise for t...

Key officials of the Uganda National Oil Company (UNOC) on Monday began a working visit to the Nigerian Content Development and Monitoring Board (NCDMB), stating that they were here to learn and that their country stands to gain substantially from Nigeria’s experience in local content development. Welcoming the four-member UNOC delegation at a meeting at the Nigerian Content Tower, Corporate Headquarters of the NCDMB, Swali, Yenagoa, the Director, Monitoring and Evaluation, Alhaji Abdulmalik Halilu, said the visit would open up new vistas for mutually beneficial collaboration in oil and gas operations between Nigeria and Uganda. Citing statistics indicative of the resource base of African countries in hydrocarbons, he noted that “the picture looks very good and what we...

No fewer than 35 indigenous oil and gas companies on Wednesday in Port Harcourt attended an interactive session with a delegation from the Uganda National Oil Company (UNOC), which was in Nigeria on a three-day working visit to seek collaboration and investments in their own petroleum sector. The event, which was facilitated by the Nigerian Content Development and Monitoring Board (NCDMB), afforded the companies, which are beneficiaries of the Board’s Project 100 initiative, the opportunity to obtain first-hand information on the current state of Uganda’s oil and gas industry, where production operations are scheduled to begin in 2025. In a welcome address, the General Manager, Planning, Research and Statistics (PRS), Mr. Silas Ajimijaiye, expressed appreciation at...

Exec. Sec. NCDMB, Engr. Felix Omatsola Ogbe (2nd Right) The Nigerian Content Development and Monitoring Board (NCDMB) plans to introduce some changes that will enhance the Nigerian Content Intervention (NCI) Fund and increase the fund’s impact and efficiency. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omotsola Ogbe hinted at the changes at the quarterly engagement forum held with the Bank of Industry (BoI), custodians of the fund on Monday in Lagos. Commenting on the performance of the Fund, the Executive Secretary confirmed that the NCI Fund has since its inception played a crucial role in transforming the Nigerian oil and gas industry. He sta...

Nedogas Development Company Limited (NDCL), a Joint Venture company between Xenergi Limited and NCDMB Capacity Development Intervention Company, has in collaboration with the NNPC Gas Infrastructure Company (NGIC), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, successfully completed the construction and technical commissioning of a 300 MMscfd Capacity Kwale Gas Gathering (KGG) and injection facility located in the Umusam Community, near Kwale in Delta State, Niger-Delta, Nigeria.  The formal commissioning ceremony of the facility will be performed by the Honorable Minister of State for Petroleum Resources (Gas), Rt. Honorable Ekperikpe Ekpo on June 6, 2024. The Minister will be supported by the...

The Nigerian Content Development and Monitoring Board (NCDMB) and SEPLAT Petroleum Development Company Plc have unfolded plans to set up a world-class Research Centre of Excellence at Delta State University, Abraka, Delta State. The announcement was made on Thursday during a meeting with the authorities of the university, where the design and implementation framework was unveiled. At a preliminary consultative session in the Conference Room of the Vice Chancellor, NCDMB’s Director of Monitoring and Evaluation, Alhaji Abdulmalik Halilu, explained that the project was conceived as part of the Board’s core mandate to grow indigenous capacity to drive the Federal Government’s local content deve...

By Els William The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, FNSE, representated by the General Manager, Corporate Communications/Zonal Coordination NCDMB, Barr. Esueme Dan Kikile, on Monday, May 27, participated in the opening ceremony of the OPTS/NCDMB Marine Accelerator Training Program at Bonny Island, Rivers State. In his remarks, Engr. Ogbe congratulated the teams that worked with NCDMB and applauded NLNG Ship Management Limited for their professionalism and said NCDMB is ready and willing to partner with Oil Producers Trade Section (OPTS) and other companies in order to deliver value that would ensure safety and sustainability.  Participants were given a tour of the Simulation facility that will be utiliz...

As part of strategic reforms aimed at unlocking opportunities in the nation’s oil and gas industry, the NNPC Energy Services Limited (EnServ) and Schlumberger (SLB), a renowned global technology company, have signed a technical partnership agreement towards bolstering upstream operations.The agreement was signed at the NNPC Ltd’s Corporate Headquarters in Abuja on Thursday, with senior management teams from both companies in attendance. Speaking shortly after the signing, Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari described the ongoing reforms within the industry as a trigger for potential release of investments in the short term. “Quite a number of reforms are unfolding, and at the back of it is a potential release of investment that we are seeing in a very short term...