A Review of The Nigerian Energy Industry
| | NEWSLETTER - Mon, Dec 11 2023 | Mkpoikana Udoma Port Harcourt — Tantita Security Services Limited, the pipeline security firm owned by Niger Delta ex-agitator, Government Ekpemupolo, also known as Tompolo, has berated the Nigerian Navy over the recent seizure of a giant crude oil vessel offshore Awoye, Ondo State. The Nigerian Navy had accused operatives of Tantita Security Services, TSS, of engaging [...] The post ... ... Read the whole entry »
– Flares 5.9% of total gas produced Dublin, Ireland — Nigeria’s total gas output dipped by 3.65 per cent to 166.458 billion standard cubic feet (SCF) of gas in October 2023, compared with 172.77 billion SCF (BCF) of gas produced in the September 2023, according to data released by the Nigerian National Petroleum Company Limited, [...] The post Nigeria’s gas output dips by 3.65%... Read the whole entry »
Ike Amos Dublin, Ireland — Nigeria Extractive Industries Transparency Initiative, NEITI, has accused the Nigeria Upstream Petroleum Regulatory Commission, NUPRC, of failing to adhere to its own regulation, stating that out of the 106 companies awarded the 57 marginal oil fields in 2021, only five paid the signature bonus before the award. NEITI, in its [...] The post ‘NUPRC... Read the whole entry »
Ike Amos Dublin, Ireland — Nigeria Extractive Industries Transparency Initiative, NEITI, has accused Chevron Nigeria Limited, Oando Oil Limited and five other companies of breaching the country’s regulation on Beneficial Ownership. In its 2021 Oil and Gas Audit Report released recently, NEITI stated that the companies refused to provide information of the “natural person(s) who [...] ... Read the whole entry »
Ike Amos Dublin Ireland — Nigeria Extractive Industries Transparency Initiative, NEITI, has raised concerns over discrepancies in 2021 oil and gas revenues recorded in the books of the Crude Oil Marketing Division (COMD) of the Nigerian National Petroleum Company Limited, NNPCL, and the audited financial statements of the National Petroleum Investment Management Service, NAPIMS. In [...] ... Read the whole entry »
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