• LOGIN
  • WEBMAIL
  • CONTACT US
Friday, May 9, 2025
21st CENTURY CHRONICLE
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
    • FACT CHECK
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • OUR STAND
  • COLUMNS
  • OTHERS
    • BLAST FROM THE PAST
    • ON THE HOT BURNER
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • BAZOOKA JOE
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
    • INSURGENCY
    • CRIME
No Result
View All Result
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
    • FACT CHECK
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • OUR STAND
  • COLUMNS
  • OTHERS
    • BLAST FROM THE PAST
    • ON THE HOT BURNER
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • BAZOOKA JOE
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
    • INSURGENCY
    • CRIME
No Result
View All Result
21st Century Chronicle
No Result
View All Result
Your ads here Your ads here Your ads here
ADVERTISEMENT

AI, digitisation, advanced analytics redefining entire energy value chain – NNPC

by Achojah Aruegodore
April 11, 2025
in Business Scene
0
AI, digitisation, advanced analytics redefining entire energy value chain – NNPC
Share on FacebookShare on TwitterShare on TelegramShare on WhatsApp

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says digitisation, automation, Artificial Intelligence (AI) and advanced analytics are redefining the entire energy value chain.

Mr Bayo Ojulari, Group Chief Executive Officer, NNPC Ltd. said this on Thursday in Abuja at the Society of Petroleum Engineers (SPE) Nigeria Council’s 2025 Oloibiri Lecture Series and Energy Forum (OLEF).

READ ALSO

Stock market gains N240 billion

MTN invested N3.5 billion in corporate social investment in 2024 — Official

The 2025 edition of OLEF, with the theme as “Driving Energy Sustainability Through Technology, Policy, and Supply Chain Excellence” was hosted by the Petroleum Technology Development Fund (PTDF).

The News Agency of Nigeria (NAN) reports that the OLEF commemorates the first commercial discovery of oil in Nigeria in Oloibiri, Bayelsa State—an event that forever changed the
trajectory of the nation’s economic history.

Ojulari, represented by Mr Udy Ntia, Executive Vice, Upstream in a Keynote Address on Industry Operations said that globally, upstream oil and gas companies were expected to invest more than 30 billion dollars in digital technologies in 2025.

“These technologies are not optional extras. They are foundational to improving asset reliability, lowering lifting costs, and reducing greenhouse gas effects.

“At the NNPC Ltd., we have embraced digital transformation not as a buzzword but as an operational imperative. We have embraced this reality with deliberate strategy.

“Our upstream subsidiary is deploying real-time reservoir monitoring, predictive maintenance, and AI-driven subsurface imaging to drive value and operational resilience,” he said.

He further said that its digital transformation roadmap was anchored on three core pillars, intelligent automation, data governance, and cyber resilience.

“But beyond revenue, our hydrocarbon wealth must now become a bridge to a broader, more sustainable energy future. Technology is no longer an enabler. It has now become a fulcrum.

“In alignment with Nigeria’s energy transition plan, targeting to achieve net zero emissions by 2060, the NNPC Ltd. has initiated gas-led transition programmes, including the expansion of autogas programme, targeting more than one million vehicles through 2026.

“Energy transition is not a story. It is a global necessity, but its pathways must be shaped by local realities. Africa cannot afford a transition that leaves its people in the dark.

“As we forge ahead into this new energy era, let us remember sustainability is not a destination. It is a journey, a journey powered by technology, guided by sound policy, and anchored on a robust ethical supply chain,” the GCEO said.

In his address, Mr Gbenga Komolafe, Commission Chief Executive (CCE), Nigerian Upstream Petroleum Regulatory Commission (NUPRC) emphasised on driving energy sustainability through regulatory enablements of upstream operation in Nigeria.

Komolafe, represented by Mr Enorense Amadasu, Executive Commission, Development and Production, NUPRC said its regulatory framework was not just about industry oversight, but about actively shaping a sustainable and prosperous energy landscape for Nigeria.

However, he said the NUPRC was driving energy sustainability through regulatory enablement, based on five-pronged approach.

He highlighted them as introducing responsive and efficient regulation to entrench clarity and predictability and advising governments on national initiatives and strategic direction to govern upstream operation.

He included enabling technology adaptation and deployment for cost-effective, optimised, and sustainable development and production operations.

Others, according to him include creating opportunities for industry service providers and the supply chain and ensure the vibrancy of the industry and entrenching decarbonisation of upstream operation to facilitate sustained investments and environmental stewardship.

 

 

Related Posts

Nigerian bourse records further downturn, capitalisation loses N281bn

Stock market gains N240 billion

May 9, 2025
MTN plans API adoption to boost customer services

MTN invested N3.5 billion in corporate social investment in 2024 — Official

May 9, 2025
FIRS, MultiChoice to settle tax dispute out-of-court

Tariff hike: Court dismisses MultiChoice’s suit seeking to stop FCCPC’s sanction 

May 8, 2025
CBN extends BDCs recapitalisation by six months

CBN spends N306 billion on staff severance, other costs

May 8, 2025
FG slams N628 million fine on eight power distribution companies

Power consumers owe DisCos N54 billion in February – NERC

May 8, 2025
FG, CIMEC sign $328.8 million contract to boost power supply

Minister kicks against construction of 4,800MW nuclear plants for electricity

May 8, 2025
No Result
View All Result

Recent Posts

  • FCTA orders demolition of over 10 illegal duplexes built on Abuja green area
  • UNGA President welcomes election of Pope Leo XIV
  • Zamfara gov’t returns 3,000 rustled animals to rightful owners
  • Stock market gains N240 billion
  • MTN invested N3.5 billion in corporate social investment in 2024 — Official

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021

Categories

  • A Nigerian elder reflects
  • Agriculture
  • Analysis
  • Around Nigeria
  • Arts
  • Automobile
  • Aviation
  • Banking
  • Bazooka Joe
  • Blast from the past
  • Books
  • Breaking News
  • Business Scene
  • Capital Market
  • Cartoons
  • Chronicle Roundtable
  • Column
  • Crime
  • Culture
  • Defence
  • Development
  • Diplomacy
  • Economy
  • Education
  • Entertainment
  • Environment
  • Exclusive
  • Extra
  • Fact Check
  • Features
  • Figure of the day
  • Finance
  • For the record
  • Fragments
  • Gender
  • Health
  • Housing
  • Human rights
  • Humanitarian
  • ICT
  • Infographics
  • Insecurity
  • Insurance
  • Insurgency
  • Interesting
  • Interviews
  • Investigations
  • Judiciary
  • Kannywood
  • Labour
  • Lead of the Day
  • Legal
  • Letters
  • Lifestyle
  • Literature
  • Live Updates
  • Manufacturing
  • Maritime
  • Media
  • Metro News
  • Mining
  • My honest feeling
  • National news
  • National News
  • News
  • News International
  • Nollywood
  • Obituaries
  • Oil and Gas
  • On the hot burner
  • On The One Hand
  • On the one hand
  • Opinion
  • Our Stand
  • Pension
  • People, Politics & Policy
  • Philosofaith
  • Photos of the day
  • Politics
  • Power
  • Profile
  • Property
  • Quote of the day
  • Railway
  • Religion
  • Rights
  • Science
  • Security
  • Special Report
  • Sports
  • Technology
  • Telecommunication
  • The Plumb Line
  • The way I see it
  • The write might
  • This queer world
  • Tourism
  • Transport
  • Tributes
  • Uncategorized
  • Video
  • View from the gallery
  • Women

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • PRIVACY POLICY
  • CONTACT US
  • ABOUT US

© 2020 21st Century Chronicle

No Result
View All Result
  • HOME
  • NEWS
    • BREAKING NEWS
    • LEAD OF THE DAY
    • NATIONAL NEWS
    • AROUND NIGERIA
    • INTERVIEWS
    • INTERNATIONAL
  • INVESTIGATIONS
    • EXCLUSIVE
    • INFOGRAPHICS
    • SPECIAL REPORT
    • FACT CHECK
  • BUSINESS
    • AVIATION
    • BANKING
    • CAPITAL MARKET
    • FINANCE
    • MANUFACTURING
    • MARITIME
    • OIL AND GAS
    • POWER
    • TELECOMMUNICATION
  • POLITICS
  • CHRONICLE ROUNDTABLE
  • OUR STAND
  • COLUMNS
  • OTHERS
    • BLAST FROM THE PAST
    • ON THE HOT BURNER
    • FEATURES
    • SPORTS
    • ENTERTAINMENT
      • KANNYWOOD
      • NOLLYWOOD
    • BAZOOKA JOE
    • THIS QUEER WORLD
    • FIGURE OF THE DAY
    • QUOTE OF THE DAY
    • INSURGENCY
    • CRIME

© 2020 21st Century Chronicle

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.