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NALPGAM commends Ekpo for 25% drop in prices of cooking gas
June 5, 2024DownstreamGasImpactLocal ContentMidstreamNewsOil & Gas

NALPGAM commends Ekpo for 25% drop in prices of cooking gas

  … confirms  ex-depot prices down from N20m to N15m per 20MT, retail prices drop to N900/kg   Oredola Adeola   The Nigerian Association of Liquefied Petroleum Gas Marketers(NALPGAM) has lauded the efforts of Rt. Hon. Ekperikpe Ekpo, Minister of…

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Afreximbank, APPO sign funding documents of $5 bn Africa Energy Bank
June 4, 2024DownstreamEnergy TransitionGenerationMidstreamMultilateral FinanceNewsOil & GasPowerUpstream

Afreximbank, APPO sign funding documents of $5 bn Africa Energy Bank

… as two major class A investors unite to pump $2.75bn as equity contribution Oredola Adeola The African Petroleum Producers Organization (APPO), and the African Export-Import Bank (Afreximbank) have signed the requisite documents for the establishment of the Supranational Multilateral…

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NNPCL commissions 5.2 mmscfd CNG plant in Lagos, finalises FID with Axxela to establish 5 more
May 31, 2024DownstreamGasNews

NNPCL commissions 5.2 mmscfd CNG plant in Lagos, finalises FID with Axxela to establish 5 more

.. unveils plan to establish over 100 CNG stations nationwide   Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) has finalized a deal with Axxela Limited to establish six CNG mother and service station plants with a capacity of…

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Gas firm sells cooking gas at N672/kg to over 4,000 Enugu residents, commemorates Gov. Mbah’s first anniversary
May 30, 2024DownstreamGasImpactNews

Gas firm sells cooking gas at N672/kg to over 4,000 Enugu residents, commemorates Gov. Mbah’s first anniversary

… Governor Mbah commends Second Coming Nigeria Ltd. for N20m cooking gas subsidy   Oredola Adeola Second Coming Nigeria Ltd, a Liquified Petroleum Gas (cooking gas) marketing company based in Enugu, has announced a reduction in the price of the…

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MEMAN unveils multi-stakeholder initiative to tackle root causes of petroleum tanker explosions
May 29, 2024DownstreamImpactMidstreamNewsOil & Gas

MEMAN unveils multi-stakeholder initiative to tackle root causes of petroleum tanker explosions

… stakeholders embark on comprehensive measures to enhance petroleum tanker safety … marketers to turn down underage, untrained drivers, old trucks   Oredola Adeola   The Major Energy Marketers Association of Nigeria (MEMAN) has launched a stakeholder initiative involving the…

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NGA commends Okunbor, Shell companies involvement in initiatives harnessing Nigeria’s gas reserves for commercialization
May 24, 2024DownstreamGasLocal ContentPowerUpstream

NGA commends Okunbor, Shell companies involvement in initiatives harnessing Nigeria’s gas reserves for commercialization

… sets to relaunch Advisory group  targeting Nigerians across gas value chain   Oredola Adeola   The Nigerian Gas Association (NGA) has recognized Mr. Osagie Okunbor, Managing Director of the Shell Petroleum Development Company of Nigeria Limited (SPDC) for his…

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President Tinubu approves $100m investment from 4 agencies under Min. of Petroleum Resources, for $5bn Africa Energy Bank shares
May 24, 2024DocumentaryDownstreamEnergy TransitionFinanceGenerationGreen FinanceImpactMidstreamNewsOil & GasPowerRenewablesUpstream

President Tinubu approves $100m investment from 4 agencies under Min. of Petroleum Resources, for $5bn Africa Energy Bank shares

  … APPO, Afrexim Bank technical inspection team validates Nigeria’s readiness to host AEB hqtrs   Oredola Adeola   President Bola Ahmed Tinubu has  approved $100 million investment from four key agencies under the Ministry of Petroleum Resources, surpassing the…

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P-CNGi embarks on nationwide engagements with stakeholders, ahead of May 29 launch of deployment plan
May 15, 2024DownstreamEnergy TransitionImpactNewsOil & GasSustainabilityTechnology

P-CNGi embarks on nationwide engagements with stakeholders, ahead of May 29 launch of deployment plan

Oredola Adeola   The Presidential CNG Initiative (PCNGI), has announced a series of extensive pre-launch itineraries including regional stakeholders’ engagement, leading up to the nationwide deployment plan launch of the CNG-program billed for May 29, 2024.   Engr. Michael Oluwagbemi,…

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Energy experts question feasibility of President Tinubu CNG-vehicle directive to MDAs
May 15, 2024DownstreamGasNewsOil & GasSustainability

Energy experts question feasibility of President Tinubu CNG-vehicle directive to MDAs

… Challenge Tinubu to convert Presidential fleet to CNG vehicles “CNG- infrastructure limitations would hinder compliance ” – Prof. Iledare “P-CNGi should champion PPP arrangements between MDAs & gas conversion providers” – Engr. Iheme   Oredola Adeola   Experts in…

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Wase-led Reps. House Ad-Hoc Committee to address IPMAN, NNPCL dispute on petrol sharing formula abuses
May 15, 2024DownstreamNewsOil & Gas

Wase-led Reps. House Ad-Hoc Committee to address IPMAN, NNPCL dispute on petrol sharing formula abuses

Oredola Adeola Rt. Hon. Abbas Tajudeen, Speaker of the House of Representatives, has confirmed the appointment of Rt. Hon Ahmed Wase (APC, Plateau) as Chairman of the House Ad-Hoc Committee to engage with the Independent Petroleum Marketers Association of Nigeria…

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