Oil & Energy
NNPCL Assures On OB3 Pipeline Completion
The Nigerian National Petroleum Company Limited (NNPC Ltd) has said the Obiafu-Obrikom-Oben (OB3) Gas Pipeline would now be completed next quarter.
This is as the national oil company said it would continue to invest in the development of huge oil and gas infrastructure to make it easy for operators and prospective investors to carry out their business in Nigeria.
The Executive Vice President, Upstream, Oritsemeyiwa Eyesan, disclosed this at the Offshore Technology Conference (OTC), in Houston, Texas, United States of America.
Speaking at one of the panel sessions of a luncheon organised by the Petroleum Technology Association of Nigeria (PETAN), with the theme: “Sustainable Energy Solutions for Africa’s Future (Nigerian Perspective)”, Eyesan stated that NNPC Ltd.’s objective was to ensure that there is a healthy balance of energy sources in the country.
She explained that though the oil and gas sector is not where it ought to be, much progress had been made between last year’s edition of the OTC in terms of opening up the sector for investments and infrastructural development.
While identifying funding as the major challenge impeding the development of the sector, Eyesan listed some of the bright spots in the industry to include the Executive Orders signed by the President to open up the sector, the imminent resolution of the assets divestment by the International Oil Companies (IOCs), and the aggressive execution of gas infrastructure projects such as the OB3 Gas Pipeline, which she said would be completed in the next quarter.
Oil & Energy
Electricity Consumers Laud Aba Power for Exceeding 2025 Meter Rollout Target
Oil & Energy
NUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
Oil & Energy
Collective National Prosperity Is Our Driving Force – NNPCL
-
News2 days agoNigeria Has Woken Up From Slumber Under Tinubu – Shettima
-
News2 days agoOji Clears Air On Appointment Of 15 Special Advisers By Fubara
-
Featured2 days agoRivers: Impeachment Moves Against Fubara, Deputy Hits Rock …As CJ Declines Setting Up Panel
-
News2 days ago
Nigeria To Begin Exporting Urea In 2028 -NMDPRA
-
City Crime2 days ago
Health Commissioner Extols Fubara’s Commitment To Community Healthcare Delivery
-
Niger Delta2 days ago
Tinubu, Leading Nigeria To Sustainable Future – Okowa … Lauds Oborevwori Over Uromi Junction Flyover Construction
-
News2 days agoEFCC Indicts Banks, Fintechs In N162bn Scams
-
News2 days ago
US – Nigeria Security Engagement Translating Into Tangible Operational Gains – NSA
