The Federal Government of Nigeria will be ending the importation of petroleum products by the first quarter of 2024 with the completion of two refineries and rehabilitation of two others. The Minister of State, Petroleum Resources, Timipre Sylva, made the projection based on the expected completion of the rehabilitation of the Port-Harcourt refinery, and completion […]
Telmek Global
Its Official. NNPC confirms the drilling of Oil well in Nasarawa to commence in March 2023
The Nigerian National Petroleum Company Limited (NNPC Ltd), in keeping with its ongoing oil exploration efforts in the nation’s inland basins, plans to begin drilling the nation’s first oil well in Nasarawa State in March 2023. NNPC’s Group Chief Executive Officer, Mele Kyari, announced the oil discovery in the state and plans to drill in […]
Nigerian National Petroleum Corporation (NNPC)’s Group Managing Director Mele Kyari Commits to African Energy Week, Joins Strong Nigerian Delegation in Cape Town
Nigeria is set to enhance its position as one of Africa’s top oil and gas producers at African Energy Week (AEW) 2021 in Cape Town. With a strong delegation led by H.E. Minister Chief Timipre Sylva, the country will not only contribute towards, but drive the conversation on oil, gas, and exploration. Joining the delegation […]
OPEC Gives Condition for Nigeria’s Oil Production Quota Increase
The Organisation of Petroleum Exporting Countries (OPEC) maintained that no country, including Nigeria, which has under-performed in meeting its monthly oil quota allocation would have its baseline increased. The oil producers’ group insisted that it beats common logic that Nigeria which has consistently failed to meet its quota in the last couple of months, would […]
PIA Will Boost Nigeria’s Oil Production To 4m Barrels Per Day – Petroleum Minister
Minister of State for Petroleum Resources Timipre Sylva, has said that the passage of the Petroleum Industry Bill into law will significantly boost Nigeria’s potential to achieve its oil production to four million barrels per day. In addition, he said the passage of the PIA will also boost the nation’s oil reserves from 37 billion […]
NNPC Generates N2.34trn From Petroleum Products’ Sale in 1 Year
he Nigerian National Petroleum Corporation (NNPC) generated a total of N2.345trillion as revenues from the sales of petroleum products in the one year period from May 2020 to May 2021, according to the latest monthly report from the state-owned oil company. The May 2021 edition of the NNPC monthly financial and operations report (MFOR) released […]
Nigeria: Gombe Signs MOU With Private Firm On Oil Exploration
The Gombe State Government signed an MoU with an oil firm for the exploration of petroleum products in the state. The Gombe State Government has signed a Memorandum of Understanding (MoU) with an oil and gas company, Rift Oil and Petroleum Company, for the exploration of petroleum products in the state. Governor Inuwa Yahaya, who […]
NLNG not responsible for local LPG supply short fall, price hike – Official
The Nigeria LNG Limited (NLNG) on Tuesday, said marketers were unable to offtake the full 450,000MTPA of Liquefied Petroleum Gas (LPG) allocated to the Nigerian market by the company due to various factors. Marketing Manager, NLNG, Mr Austin Ogbogbo, made the clarification during an interactive session with newsmen in Lagos. Ogbogbo noted that NLNG was […]
Nigerian content policy saves $2bn in NLNG Train 7
Nigeria was saved the sum of $2 billion dollars from the ongoing Train 7 of the Nigeria liquefied Natural Gas (NLNG) project as a result of using Nigerian firms, Mr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB). The News Agency of Nigeria (NAN) reports that Wabote, stated this on Friday, shortly […]
Nigeria to increase crude production to 1.88mbpd in 2022
After months of stalling because of Covid restrictions and Organisation of Petroleum Exporting Countries (OPEC) cuts, as well as significant international criticism over misplaced funds, Nigeria appears to be optimistic about the future of its faltering oil industry in a time when few others are. The Nigerian government announced weekend that it expects the country […]