Author: Daniel Terungwa

Under Mele Kyari’s Leadership, NNPC’s Profits soared to Record Highs, Exceeding N3.48 Trillion in Three Years Mallam Mele Kyari’s tenure as the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) has been characterized by a remarkable transformation, marked by unprecedented profitability and strategic initiatives. Since assuming office in July 2019, Kyari has navigated…

Tinubu to Deliver Inaugural Address to Local and International Oil Industry Stakeholders at Energy Summit President Bola Ahmed Tinubu is slated to deliver his inaugural keynote address at the upcoming 2024 edition of the Nigeria International Energy Summit (NIES) in Abuja. The event, scheduled from February 26 to March 1, 2024, at the International Conference…

Shell Announces Plans to Construct Gas Facility in Nigeria to Supply Fertilizer Plant The gas facility is slated to provide 100 million standard cubic feet of gas per day from the Iseni field to the Dangote Fertiliser and Petrochemical plant. British oil and gas giant Shell has officially approved the development of a gas facility…

NCDMB Engages in Talks with Chevron, Pledges to Expedite Approval of Oil Industry Projects The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to expeditiously approving requests and documents submitted by operating oil and gas companies. The objective is to facilitate the rapid development of oil and gas projects, contributing to increased…

Nigeria Explores Gas Export Deal with South Korean Group The Nigerian National Petroleum Co. Ltd. (NNPC) has engaged in discussions with a South Korean consortium regarding a potential agreement for the export of Nigerian liquefied natural gas (LNG) to South Korea. Mele Kyari, the chief executive of Nigeria’s national oil and gas company, led a…

NUPRC Asserts Ministerial Consent Requirement for Transfer of Oil and Gas Assets The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that the transfer of ownership of oil and gas assets in Nigeria can only occur with the consent of the minister, in accordance with the 2021 Petroleum Industry Act (PIA). Gbenga Komlafe, the chief…

ExxonMobil Expresses Concerns Over Biden Administration’s Temporary Halt on LNG Approvals ExxonMobil and industry groups raise concerns about the potential global and geopolitical implications of the Biden administration’s pause on new Liquefied Natural Gas (LNG) export projects. Key Points: Industry Concerns: ExxonMobil, along with industry groups like the American Petroleum Institute (API) and the American…

NLNG Empowers Women Journalists with Digital Communication Skills Training Nigeria LNG Limited (NLNG) successfully wrapped up its most recent edition of the #NLNGChangeYourStory workshops on Thursday. The workshops were specifically designed to empower women journalists by enhancing their proficiency in advanced digital communication and social media skills. The focus was on equipping them to report…