Month: January 2023

Salami – to Boost Revenue, Govt Should Explore IJVs in Upstream Oil Subsector

Salami – to Boost Revenue, Govt Should Explore IJVs in Upstream Oil Subsector 31 JANUARY 2023 This Day (Lagos) By Peter Uzoho Partner and Head, Energy and Natural Resources, KPMG Professional Services, Mr. Ayo Salami, harps on the need for the federal government to explore the option of Incorporated Joint Ventures model provided for in the Petroleum Industry Act to shore up revenue from the oil sector. He spoke with Peter Uzoho What is your take on the need for the federal government to explore Incorporated Joint Ventures (IJVs) model in upstream oil sector to shore up revenue, especially given...

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Uganda’s Oil Drilling a Major Environmental Blow

Uganda’s Oil Drilling a Major Environmental Blow petroleumnewsngr.com Uganda has launched its first oil drilling programme after it discovered crude reserves estimated at 6.5 billion barrels, with 1.4 billion recoverable nearly two decades ago in the western region in the Lake Albertine basin, Kingfisher and Tilenga oilfields. But experts warn that fossil fuels must stay in the ground in order to prevent the worst effects of the climate emergency and putting at risk the goal of curbing global warming to a 1.5 degrees increase from pre-industrial levels. Africa is rich in clean energy sources, such as sun and wind, but despite this abundant sunshine, ideal...

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CHEVRON NIGERIA LIMITED RECRUITMENT 2023/2024

  Chevron Nigeria Limited is a subsidiary of Chevron Corporation which is an American multinational energy corporation. Chevron Corporation is proudly one of the largest oil companies in the world and is active in more than 180 countries of the world. Formerly named Gulf Oil Company until a major merger activity, Chevron Nigeria Limited is one of the largest oil producers and oil investors in Nigeria. The corporation operates a Joint Venture with the Nigerian National Petroleum Corporation both in the inland and shallow waters of Nigeria. With an interest ranging from 20 to 100 percent in about six (6) non-operated and three (3) operated deepwater block in Nigeria, Chevron Nigeria Limited operates one of the largest deepwater discoveries in Nigeria, the Agbami Field and equally has about 67.3 percent interest in the field. You need to be eligible for the following below to apply for Chevron Nigeria Limited Recruitment Program. You must have a minimum of a B.Sc Degree or H.N.D from a reputable institution. You must have a minimum of Second Class Lower Division from any discipline. You must not be more than 30 years old – i.e. 27 years Less than 30 years. You must have Excellent Communication skills. Chevron Nigeria Limited Nigeria Plc Job Qualification for Internship : Interested Candidate must be a Nigerian Chevron will like all Internship to be mandatory to complete the...

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Nigeria’s Bid to Expand Oil Exploration in its North Raises Concerns

Nigerian President Muhammadu Buhari opened the first oil drilling site in the country’s north Tuesday, saying it will bring energy security and economic development. The fresh source of oil comes as Nigeria’s production ranking has dropped from Africa’s top spot due to the theft of oil in the Niger Delta. Nigeria’s state oil company said the northern Kolmani fields could hold as much as 1 billion barrels of oil, but analysts question whether locals stand to benefit. The Kolmani River Field is located between Bauchi and Gombe states in northeastern Nigeria – a region that has been battling Islamist...

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NNPC, Partners To Complete Drilling Of 14 Oil Wells This Year

The Nigerian National Petroleum Company Limited (NNPC) along with its partners has a target to deliver the drilling of two oil wells on the Bonga… The company is also working on adding over 20 oil and gas wells within the next four years which could raise oil production to nearly 3 million barrels per day (bpd) for Nigeria. Nigeria currently produces about 1.4mbpd of oil rising from 1m in November 2022, a rebound that occurred after massive onslaught against oil thieves. The oil theft menace which grew worse in 2022 dropped oil production from over 1.8mbpd previously. According to...

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