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EXPLORATIONS

2023 Budget: FG targets N1.92trn oil revenue at 1.62mb/d

The budget, which is the last presented by the Buhari administration, is about 15.37 per cent higher than the amount budgeted in 2022 Buhari revealed this while presenting the 2023 appropriation bill to a joint session of the National Assembly in Abuja that the federal government targets N1.92tn in oil revenues in 2023.

17 marginal oil fields producing in Nigeria- NUPRC 

A breakdown of the allocation of the fields to indigenous operators is as follows: two fields awarded in 1999, 24 in 2003/2004, one each in 2006 and 2007, and two in 2010. Ten years after, in 2020, 57 fields were put up for bidding.

ExxonMobil’s shares acquisition withdrawal: No official notification yet -Seplat

The company in a statement signed by its Chief Financial Officer, Emeka Onwuka, on Thursday noted that it has received no official notification of such a decision and is seeking clarification from the relevant authorities.

Ikike field will help Nigeria bridge oil production gap – TotalEnergies

According to the Managing Director, TotalEnergies Exploration and Production Nigeria, Mr Mike Sangster, that is the type of project Nigeria needs now to meet its Organisation of the Petroleum Exporting Countries (OPEC) quota.

‘Nigeria can be the Energy hub of Africa’

HEOSL is the operator of OML 30 Joint Venture between the Nigeria Petroleum Development Company (NPDC) and Shoreline Natural Resources Limited (SNRL).

Seplat commences injection of oil through 160,000bpd Amukpe-Escravos line

The 67km mostly underground pipeline is expected to provide a more reliable and secure export route for liquids from Seplat Energy’s major assets OML 4, 38 and 41, connecting them with the Chevron-operated Escravos Terminal.

Nigeria loses 22,000bpd as Addax workers begin strike

The striking workers claimed that the Federal Government has done everything possible through the National Petroleum Investment Management Services (NAPIMS) to ensure issues are settled amicably but Addax Management is frustrating every move by NAPIMS and other stakeholders to resolve the issue.

TotalEnergies’ Ikike Field begins crude oil production

Located 20 kilometers off the coast, at a depth of about 20 meters, the Ikike platform is tied back to the existing Amenam offshore facilities through a 14 km multiphase pipeline. It will deliver peak production of 50,000 barrels of oil equivalent per day by the end of 2022.

NCDMB to begin disbursement of $40m Women Fund 

So far, he said 15 applications have been received and three have been approved and the disbursement of funds would soon start.
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POWER OUTAGE AS TRUCK HITS TCN TRANSMISSION TOWER

The company in a statement said the current restricted outage situation in parts of Abuja, is caused by a truck loaded with gravel that lost control and crashed into TCN’s 132kV transmission tower No 20, supplying bulk electricity to the 100MVA part of the Katampe Substation and 2x60MVA GIS Central Area Substation.

Nigeria, Morocco, five other W/African Countries sign on Gas Pipeline Project

NNPCL in a series of tweets, said Nigeria's @nnpclimited, Morocco's ONHYM and the nations of Ghana, The Gambia, Guinea, Guinea Bissau & Sierra Leone, signed an MoU on the gas pipeline project

NDPHC decries incessant vandalisation of power transmission facilities

“We will be relentless in hunting these vandals down, particularly those who assassinated the young man.”

Vandals destroy six transmission towers, kill vigilante in Rivers

On September 3, 2022, some miscreants attacked and vandalized the 330kV DC Afam – Onne Transmission Line in Gbake community of Ogoniland, River State.