Energy and You - Episode 59
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Questions and Answers

What is the theme of the Leadership Retreat held by the NNPC Gas and Power Investment Services Division?

  • Nigeria's Gas Revolution
  • Reigniting Nigeria's Gas Revolution: Collaboration, Innovation, and Sustainability (correct)
  • Transforming the Nigerian Economy
  • The Future of Energy
  • What is the expected trend in global petrol demand growth in 2024?

  • Stable growth
  • Rapid growth
  • Steady growth
  • Slowdown (correct)
  • What is the current focus of major oil companies in the energy industry?

  • Offshore energy projects (correct)
  • Onshore operations
  • Electric vehicles
  • Renewable energy sources
  • What is the Nigerian Upstream Petroleum Regulatory Commission planning to assess before allowing Shell PLC to transfer onshore operations?

    <p>Environmental liabilities</p> Signup and view all the answers

    What has been the impact of Saudi Arabia's hike in June crude prices on oil futures?

    <p>Increase in price</p> Signup and view all the answers

    What has NNPC's Corporate Social Responsibility (CSR) initiative achieved?

    <p>Provided financial literacy and business startup kits to over 3,000 youth corps members</p> Signup and view all the answers

    What has been discovered in Guyana, Namibia, and the US Gulf Coast?

    <p>Deep water oil reserves</p> Signup and view all the answers

    What is the current focus of NNPC Limited's program?

    <p>Transforming the Nigerian economy through a gas revolution</p> Signup and view all the answers

    What is the expected trend in the global demand for petrol in the coming years?

    <p>Slowdown</p> Signup and view all the answers

    What was the focus of the 2024 Strategic Business Retreat of the Internal Audit Division of NNPC Limited?

    <p>Navigating change and excellence in the oil and gas industry</p> Signup and view all the answers

    How many incidents of oil thieves and pipeline vandals were recorded across several locations in the Delta Region?

    <p>278</p> Signup and view all the answers

    What was the outcome of the financial literacy training for National Youth Corps members?

    <p>Empowering young Nigerians with skills to succeed in a complex economic landscape</p> Signup and view all the answers

    What award did the Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari, win?

    <p>Nigeria Union of Journalists Good Governance Award</p> Signup and view all the answers

    Who emphasized the importance of collaboration, knowledge sharing, and transparency, accountability, and compliance?

    <p>Bashiru Usman</p> Signup and view all the answers

    How many illegal refineries were discovered and destroyed?

    <p>145</p> Signup and view all the answers

    Who called for a new business mentality and the leveraging of technology and innovation for effective business solutions?

    <p>Olalekan Ogunleye</p> Signup and view all the answers

    How many wooden boats conveying or storing stolen crude or illegally refined products were seized and confiscated?

    <p>62</p> Signup and view all the answers

    What is the number of National Youth Corps members who received financial literacy training?

    <p>3,000</p> Signup and view all the answers

    What is the main objective of the financial literacy training provided by the NNPC Foundation?

    <p>To empower young Nigerians with skills to succeed in a complex economic landscape</p> Signup and view all the answers

    What is the primary focus of the war waged by NNPC Limited?

    <p>Waging war on oil thieves and pipeline vandals</p> Signup and view all the answers

    What is the award won by the Group Chief Executive Officer of NNPC Limited, Mr. Mikari?

    <p>Nigeria Union of Journalists Good Governance Award</p> Signup and view all the answers

    Who emphasized the importance of collaboration, knowledge sharing, and transparency, accountability, and compliance?

    <p>The Chief Audit Officer, Bashiru Usman</p> Signup and view all the answers

    What is the outcome of the war waged by NNPC Limited on oil thieves and pipeline vandals?

    <p>145 illegal refineries were destroyed and 62 wooden boats were seized</p> Signup and view all the answers

    The NNPC Foundation has engaged in financial literacy and awareness exercises for over 4,000 National Youth Corps members.

    <p>False</p> Signup and view all the answers

    The war on oil thieves and pipeline vandals resulted in the discovery of 200 illegal refineries.

    <p>False</p> Signup and view all the answers

    The Chief Audit Officer, Bashiru Usman, called for a new business mentality and the leveraging of technology and innovation for effective business solutions.

    <p>False</p> Signup and view all the answers

    The Group Chief Executive Officer of NNPC Limited, Mr. Mikari, won the 2023 Nigeria Union of Journalists Good Governance Award.

    <p>False</p> Signup and view all the answers

    The 2024 Strategic Business Retreat of the Internal Audit Division of NNPC Limited focused on effective business solutions.

    <p>False</p> Signup and view all the answers

    Study Notes

    Energy and You: NNPC Limited's Gas Revolution

    • NNPC Limited is transforming the Nigerian economy through its gas revolution program, with leaders in the oil and gas sector confident in its potential.
    • Over 3,000 youth corps members have benefited from NNPC's Corporate Social Responsibility (CSR) initiative, acquiring financial literacy and business startup kits.

    Global Energy News

    • Allil Futures climbed 0.6% to 83.47centsabarrel,whileUSWestTexasIntermediatecrudefuturesrose0.783.47 cents a barrel, while US West Texas Intermediate crude futures rose 0.7% to 83.47centsabarrel,whileUSWestTexasIntermediatecrudefuturesrose0.778.64 a barrel, due to Saudi Arabia's hike in June crude prices.
    • Global petrol demand growth is expected to slow down in 2024, driven by a shift to electric cars in China and the US, and a return to normal consumption after the COVID-19 pandemic.

    Deep Water Discoveries

    • Deep water discoveries in Guyana, Namibia, and the US Gulf Coast have taken the spotlight, with Big Oil returning to the industry's animal showcase for offshore energy projects and equipment in Houston.

    Nigerian Upstream Petroleum Regulatory Commission

    • The Nigerian Upstream Petroleum Regulatory Commission plans to assess environmental liabilities before allowing Shell PLC to transfer onshore operations to a local player.

    Leadership Retreat

    • The NNPC Gas and Power Investment Services Division held a Leadership Retreat in Abuja, with the theme "Reigniting Nigeria's Gas Revolution: Collaboration, Innovation, and Sustainability".
    • The Executive Vice President of Gas, Power, and New Energies, Alon UL, called for a new business mentality and the leveraging of technology and innovation for effective business solutions.

    Internal Audit Division

    • The Internal Audit Division of NNPC Limited recently held its 2024 Strategic Business Retreat, with a focus on navigating change and excellence in the oil and gas industry.
    • The Chief Audit Officer, Bashiru Osman, emphasized the importance of collaboration, knowledge sharing, and transparency, accountability, and compliance.

    War on Oil Thieves

    • NNPC Limited has continued to wage war on oil thieves and pipeline vandals, with a total of 278 incidents recorded across several locations in the Delta Region.
    • A total of 145 illegal refineries were discovered and destroyed, and 62 wooden boats conveying or storing stolen crude or illegally refined products were seized and confiscated.

    Corporate Social Responsibility

    • The NNPC Foundation has engaged in financial literacy and awareness exercises for over 3,000 National Youth Corps members, in partnership with a non-governmental organization.
    • The financial literacy training aims to empower young Nigerians with the skills to succeed in an increasingly complex economic landscape.

    Good Governance Award

    • The Group Chief Executive Officer of NNPC Limited, Mr. Mikari, has won the 2024 Nigeria Union of Journalists Good Governance Award for promoting transparency, exceptional business acumen, and good governance in the company.

    Energy and You: NNPC Limited's Gas Revolution

    • NNPC Limited is transforming the Nigerian economy through its gas revolution program.
    • Over 3,000 youth corps members have benefited from NNPC's Corporate Social Responsibility (CSR) initiative, acquiring financial literacy and business startup kits.

    Global Energy News

    • Allil Futures climbed 0.6% to 83.47centsabarrel,whileUSWestTexasIntermediatecrudefuturesrose0.783.47 cents a barrel, while US West Texas Intermediate crude futures rose 0.7% to 83.47centsabarrel,whileUSWestTexasIntermediatecrudefuturesrose0.778.64 a barrel, due to Saudi Arabia's hike in June crude prices.
    • Global petrol demand growth is expected to slow down in 2024, driven by a shift to electric cars in China and the US, and a return to normal consumption after the COVID-19 pandemic.

    Deep Water Discoveries

    • Deep water discoveries in Guyana, Namibia, and the US Gulf Coast have taken the spotlight.
    • Big Oil has returned to the industry's animal showcase for offshore energy projects and equipment in Houston.

    Nigerian Upstream Petroleum Regulatory Commission

    • The Nigerian Upstream Petroleum Regulatory Commission plans to assess environmental liabilities before allowing Shell PLC to transfer onshore operations to a local player.

    Leadership Retreat

    • The NNPC Gas and Power Investment Services Division held a Leadership Retreat in Abuja, with the theme "Reigniting Nigeria's Gas Revolution: Collaboration, Innovation, and Sustainability".
    • The Executive Vice President of Gas, Power, and New Energies, Alon UL, called for a new business mentality and the leveraging of technology and innovation for effective business solutions.

    Internal Audit Division

    • The Internal Audit Division of NNPC Limited recently held its 2024 Strategic Business Retreat, with a focus on navigating change and excellence in the oil and gas industry.
    • The Chief Audit Officer, Bashiru Osman, emphasized the importance of collaboration, knowledge sharing, and transparency, accountability, and compliance.

    War on Oil Thieves

    • NNPC Limited has continued to wage war on oil thieves and pipeline vandals, with a total of 278 incidents recorded across several locations in the Delta Region.
    • 145 illegal refineries were discovered and destroyed, and 62 wooden boats conveying or storing stolen crude or illegally refined products were seized and confiscated.

    Corporate Social Responsibility

    • The NNPC Foundation has engaged in financial literacy and awareness exercises for over 3,000 National Youth Corps members, in partnership with a non-governmental organization.
    • The financial literacy training aims to empower young Nigerians with the skills to succeed in an increasingly complex economic landscape.

    Good Governance Award

    • The Group Chief Executive Officer of NNPC Limited, Mr. Mikari, has won the 2024 Nigeria Union of Journalists Good Governance Award for promoting transparency, exceptional business acumen, and good governance in the company.

    Energy and You: NNPC Limited's Gas Revolution

    • NNPC Limited is transforming the Nigerian economy through its gas revolution program.
    • Over 3,000 youth corps members have benefited from NNPC's Corporate Social Responsibility (CSR) initiative, acquiring financial literacy and business startup kits.

    Global Energy News

    • Allil Futures climbed 0.6% to 83.47centsabarrel,whileUSWestTexasIntermediatecrudefuturesrose0.783.47 cents a barrel, while US West Texas Intermediate crude futures rose 0.7% to 83.47centsabarrel,whileUSWestTexasIntermediatecrudefuturesrose0.778.64 a barrel, due to Saudi Arabia's hike in June crude prices.
    • Global petrol demand growth is expected to slow down in 2024, driven by a shift to electric cars in China and the US, and a return to normal consumption after the COVID-19 pandemic.

    Deep Water Discoveries

    • Deep water discoveries in Guyana, Namibia, and the US Gulf Coast have taken the spotlight.
    • Big Oil has returned to the industry's animal showcase for offshore energy projects and equipment in Houston.

    Nigerian Upstream Petroleum Regulatory Commission

    • The Nigerian Upstream Petroleum Regulatory Commission plans to assess environmental liabilities before allowing Shell PLC to transfer onshore operations to a local player.

    Leadership Retreat

    • The NNPC Gas and Power Investment Services Division held a Leadership Retreat in Abuja, with the theme "Reigniting Nigeria's Gas Revolution: Collaboration, Innovation, and Sustainability".
    • The Executive Vice President of Gas, Power, and New Energies, Alon UL, called for a new business mentality and the leveraging of technology and innovation for effective business solutions.

    Internal Audit Division

    • The Internal Audit Division of NNPC Limited recently held its 2024 Strategic Business Retreat, with a focus on navigating change and excellence in the oil and gas industry.
    • The Chief Audit Officer, Bashiru Osman, emphasized the importance of collaboration, knowledge sharing, and transparency, accountability, and compliance.

    War on Oil Thieves

    • NNPC Limited has continued to wage war on oil thieves and pipeline vandals, with a total of 278 incidents recorded across several locations in the Delta Region.
    • 145 illegal refineries were discovered and destroyed, and 62 wooden boats conveying or storing stolen crude or illegally refined products were seized and confiscated.

    Corporate Social Responsibility

    • The NNPC Foundation has engaged in financial literacy and awareness exercises for over 3,000 National Youth Corps members, in partnership with a non-governmental organization.
    • The financial literacy training aims to empower young Nigerians with the skills to succeed in an increasingly complex economic landscape.

    Good Governance Award

    • The Group Chief Executive Officer of NNPC Limited, Mr. Mikari, has won the 2024 Nigeria Union of Journalists Good Governance Award for promoting transparency, exceptional business acumen, and good governance in the company.

    Energy and You: NNPC Limited's Gas Revolution

    • NNPC Limited is transforming the Nigerian economy through its gas revolution program.
    • Over 3,000 youth corps members have benefited from NNPC's Corporate Social Responsibility (CSR) initiative, acquiring financial literacy and business startup kits.

    Global Energy News

    • Allil Futures climbed 0.6% to 83.47centsabarrel,whileUSWestTexasIntermediatecrudefuturesrose0.783.47 cents a barrel, while US West Texas Intermediate crude futures rose 0.7% to 83.47centsabarrel,whileUSWestTexasIntermediatecrudefuturesrose0.778.64 a barrel, due to Saudi Arabia's hike in June crude prices.
    • Global petrol demand growth is expected to slow down in 2024, driven by a shift to electric cars in China and the US, and a return to normal consumption after the COVID-19 pandemic.

    Deep Water Discoveries

    • Deep water discoveries in Guyana, Namibia, and the US Gulf Coast have taken the spotlight.
    • Big Oil has returned to the industry's animal showcase for offshore energy projects and equipment in Houston.

    Nigerian Upstream Petroleum Regulatory Commission

    • The Nigerian Upstream Petroleum Regulatory Commission plans to assess environmental liabilities before allowing Shell PLC to transfer onshore operations to a local player.

    Leadership Retreat

    • The NNPC Gas and Power Investment Services Division held a Leadership Retreat in Abuja, with the theme "Reigniting Nigeria's Gas Revolution: Collaboration, Innovation, and Sustainability".
    • The Executive Vice President of Gas, Power, and New Energies, Alon UL, called for a new business mentality and the leveraging of technology and innovation for effective business solutions.

    Internal Audit Division

    • The Internal Audit Division of NNPC Limited recently held its 2024 Strategic Business Retreat, with a focus on navigating change and excellence in the oil and gas industry.
    • The Chief Audit Officer, Bashiru Osman, emphasized the importance of collaboration, knowledge sharing, and transparency, accountability, and compliance.

    War on Oil Thieves

    • NNPC Limited has continued to wage war on oil thieves and pipeline vandals, with a total of 278 incidents recorded across several locations in the Delta Region.
    • 145 illegal refineries were discovered and destroyed, and 62 wooden boats conveying or storing stolen crude or illegally refined products were seized and confiscated.

    Corporate Social Responsibility

    • The NNPC Foundation has engaged in financial literacy and awareness exercises for over 3,000 National Youth Corps members, in partnership with a non-governmental organization.
    • The financial literacy training aims to empower young Nigerians with the skills to succeed in an increasingly complex economic landscape.

    Good Governance Award

    • The Group Chief Executive Officer of NNPC Limited, Mr. Mikari, has won the 2024 Nigeria Union of Journalists Good Governance Award for promoting transparency, exceptional business acumen, and good governance in the company.

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    Description

    This quiz explores the impact of NNPC Limited's gas revolution program on the Nigerian economy and its Corporate Social Responsibility (CSR) initiatives.

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