Oil & Energy
NNPC Signs Interim Agreement To Guarantee Oil Supply
The Nigerian National Petroleum Corporation (NNPC), has signed an interim Offshore Processing Agreement (OPA) with three of its joint venture companies.
This is contained in a statement signed by Mr Ohi Alegbe, NNPC’s Group General Manager, Group Public Affairs Division and made available to newsmen on Wednesday in Abuja.
It said that the three companies that signed the agreement were Duke, Carlson and Napoil oil companies.
It said that NNPC was determined to sustain the prevailing unimpeded nationwide supply and distribution of petroleum products.
According to the statement, the agreement with the companies was designed to boost the supply of refined petroleum products across the country.
It said that the ‘stop-gap OPA’ arrangement, designed to run for three months, obliges the corporation to allocate a certain volume of crude oil within the period for refining at offshore locations.
The statement said that the temporary OPA agreement would lapse with the advent of a fresh OPA contracts being envisaged which would take effect at the end of the ongoing public tender process.
It noted that the OPA arrangement would help augment in-country production of refined petroleum products from the nation’s refineries to meet local demand.
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Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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