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By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

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.

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By Celestine Okafor (Editor-in-Chief)

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the 10,000 Tons per annum galvanizing plant constructed by Daewoo Engineeering Nigeria Limited, one of the engineering, procurement, and construction (EPC) contractors of the Nigeria LNG Limited (NLNG) Train 7 Project.

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  • Posts N3.3 Trillion Net Profit, Declares N2.1 Trillion Dividend
  • Targets 2mbpd Crude Oil Production By December 2024

By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Nigerian National Petroleum Corporation Limited (NNPC Ltd) has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the 2022 profit of N2.548trillion.

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By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage.

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  • * Hails NCDMB's Strides In Local Content Development

By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

Amidst the clamour for good governance and reduction in the cost of living in the country, the Minister of State for Petroleum Resources (Gas), Hon Ekperikpe Ekpo has asserted the Federal Government’s firm determination to advance the nation’s gas resources as the surest pathway to economic prosperity.

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  • * Commends Lee Engineering For Capabilities Attained

By Celestine Okafor (Editor-in-Chief) @CelestineOkaf11

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has assured Nigerian oil and gas service companies of continued support to sustain the impressive growth in local content and to boost their production operations.

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