NNPC Ltd to revive Brass, OK LNG projects - ITREALMS

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To maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects, reports ITREALMS.

NNPC Ltd’s Chief Financial Officer (CFO), Mr. Umar Ajiya disclosed this in a press statement available to ITREALMS and signed by the Chief Corporate Communications Officer, NNPC Ltd, Olufemi Soneye, on the sidelines of the ongoing 2024 Gas Technology Conference and Exhibition (Gastech), in Houston, United States, on Thursday.

NNPC Ltd/TotalEnergies' $550m Ubeta upstream gas project takes off - ITREALMS

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The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday.

Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC.

NNPC Ltd, Chevron JV concludes assets conversion into PIA terms - ITREALMS

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In compliance with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its JV assets into the PIA terms.

Under the new PIA regime, all existing Oil Prospecting Licenses (OPLs) and Oil Mining Leases (OMLs) would be automatically converted to Petroleum Prospecting Licenses (PPLs) and Petroleum Mining Leases (PMLs) upon their expiration.

NNPC Ltd: An All-round Asset to Nigeria by Olufemi Soneye - ITREALMS

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In its editorial of 2nd August, 2024, the BusinessDay newspaper, characteristically, launched another scurrilous and baseless attack on the Nigerian National Petroleum Company Limited (NNPC Ltd). In the editorial entitled: “NNPCL: Liability or Asset to Nigerians?”, the newspaper set out to paint the picture of NNPC Ltd that is a liability to Nigeria instead of an asset that it should be. It chronicled a litany of issues which in its estimation have made the company to lose its place as an asset to the nation. As to be expected, all the issues it raised were either outright lies or unfair misrepresentation of facts. Let’s take a look at them one by one.

According to the newspaper, NNPC Limited's status as an asset is undercut by the opacity of its operations and corruption. The truth, however, is that this is a regurgitation of age-long allegations that have since been overtaken by the emergence of Mr. Mele Kyari as the Group Chief Executive Officer of the company and the transition of the old NNPC as a corporation into a limited liability company under the Petroleum Industry Act.

Oil Production: NASS pledges support to NNPC - ITREALMS

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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.

This was made known when the National Assembly's Joint Committee on Petroleum Resources (Upstream) paid an oversight visit on the NNPC Upstream Investment Management Services (NUIMS), an upstream arm of the NNPC Ltd, at its headquarters in Lagos, on Tuesday.

Wanted! 'Institutes to finance energy projects' says NNPC Ltd - ITREALMS

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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.

Ubeta Field: NNPC Ltd, TotalEnergies JV unveil US$550m FID - ITREALMS

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To boost Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has officially announced a 550 million USD Final Investment Decision (FID) on the Ubeta Field Development Project, reports ITREALMS.

The milestone is in line with President Bola Ahmed Tinubu’s Presidential Executive Order on Oil & Gas Reforms aimed largely at improving the investment climate and positioning Nigeria as the preferred investment destination for the Oil & Gas sector in Africa.

NNPC Ltd, partners donate 2,300-seater ultra-modern library to Niger Delta University - ITREALMS

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As part of its commitment to encourage learning and academic excellence, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partners in OML 18 have donated a 2,300-seater state-of-the-art digital library to the Niger Delta University, Wilberforce Island, Amassoma, Bayelsa State, reports ITREALMS.

The venture partners, ITREALMS gathered, includes the Nigerian Content Development & Monitoring Board (NCDMB), Shell Nigeria Exploration and Production Company (SNEPCo), Total Energies EP Nigeria Ltd, Nigerian Agip Exploration Ltd, and Esso Exploration and Production Nigeria (Deepwater) Ltd.

NNPC Ltd to trigger industrialisation, economic devt. with gas says EVP Upstream - ITREALMS

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The Nigerian National Petroleum Company (NNPC) Ltd has reiterated its commitment towards utilizing Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development.

A press statement by the Chief Corporate Communications Officer, NNPC Ltd, Mr. Olufemi Soneye available to ITREALMS quoted the company's Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan disclosed this during a Panel Session at the ongoing 2024 CERAWeek Conference in Houston, the United States on Tuesday.

NNPC Ltd, OPEC pledge collaboration to attract investments, grow production - ITREALMS

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The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work closely together to achieve the nation’s aspirations to attract investments and grow production, reports ITREALMS.

The two organizations came to this accord when the Secretary General of OPEC, Haitham al-Ghais, paid a courtesy visit to the Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, at the NNPC Towers on Wednesday.

Climate Change: NNPC Ltd, Total Energies JV achieves zero gas flare - ITREALMS

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In pursuit of meeting the targets of 20% (unconditional) and 47% (conditional) greenhouse gas emission reduction as contained in the nationally determined contribution under the Paris Accord signed by the President Bola Ahmed Tinubu administration, the NNPC Ltd/TotalEnergies Joint Venture has achieved zero routine gas flare in all its assets.

Chief Corporate Communications Officer, NNPC Ltd, Olufemi O. Soneye in a press statement available to ITREALMS said that this feat was announced on Thursday during an inspection tour of OML 100 in South-eastern Niger Delta, off Port Harcourt, by a joint NNPC Ltd and TotalEnergies Team to ascertain the success of the OML Flare Reduction Project launched in December 2023.

NNPC Ltd records 14,000bpd production from Akpo West Field - ITREALMS

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The Nigerian National Petroleum Company Limited (NNPC Ltd) has optimised production from the nation’s oil and gas assets, with the announcement of the successful commencement of oil production from the Akpo West Field, reports ITREALMS.

The milestone, which is the result of meticulous planning, strategic collaboration, and unwavering dedication from all stakeholders involved in the project, will add 14,000 barrels per day condensate to the nation’s production.

Greenhouse Gas Emission Reduction @OML 34: NNPC Ltd, US Govt., Deloitte collaborate - ITREALMS

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The Nigerian National Petroleum Company Limited (NNPC Ltd) is working in collaboration with the United States Department of States and international management consultancy firm, Deloitte, to meet its net-zero carbon goals by embarking on a project aimed at reducing the emission of methane and other greenhouse gases from its upstream operations.

The project which is at its conceptual stage was the focus of a three-day Technical Assistance on Oil & Gas Sector Global Methane Abatement and Decarbonisation Workshop which kicked off at the PTDF Tower, in Abuja, on Monday.

NNPC woos South Korean investors for gas projects - ITREALMS

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…Felicitates Temile Devt. Coy on acquisition of LPG Carrier

The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria.

The discussions which held in Seoul, South Korea, yesterday were aimed at deepening NNPC Ltd.’s drive to tap into the nation’s vast gas resources to be a supplier of clean and affordable energy to the global market.

No increase in PMS prices, says NNPC Ltd - ITREALMS

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The Nigerian National Petroleum Company (NNPC) Limited has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol, reports ITREALMS

The Chief Corporate Communications Officer, NNPC Ltd, Mr. Olufemi O. Soneye in a press statement available to ITREALMS in Abuja urged Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price.

Promise fulfilled: NNPC Ltd delivers Port Harcourt refinery - ITREALMS

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… Achieves mechanical completion, flare start-up of refinery’s Area 5 Plant

The Nigerian National Petroleum Company (NNPC) Ltd has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC), reports ITREALMS.

The rehabilitation work, according to the Chief Corporate Communications Officer, NNPC Ltd, Mr. Olufemi Soneye in a press statement available to ITREALMS, has been ongoing at the Refinery for over two years and the NNPC Ltd. had pledged to complete Phase One of the project (mechanical completion and flare start-up) of Old Port Harcourt Refinery (Area 5) by 31st December 2023.

NNPC Ltd wins The Whistler's Transparency, Innovation Award - ITREALMS

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The Nigerian National Petroleum Company Ltd. (NNPC Limited) has won this year's The Whistler Newspaper's Award for Transparency and Innovation, reports ITREALMS.

The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari received the award from the Executive Governor of Abia State, His Excellency, Alex Otti, on behalf of the company during the Newspaper's 2023 award night, held yesterday in Abuja, Nigeria.