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Lagos PETROAN Chapter strategizes to tackle petroleum marketing challenges, explores CNG investment opportunities
September 7, 2024DocumentaryDownstreamEnergy TransitionGasNewsOil & Gas

Lagos PETROAN Chapter strategizes to tackle petroleum marketing challenges, explores CNG investment opportunities

… as profit margins decline in petroleum retail, PETROAN urges members to diversify with additional service offerings   Oredola Adeola The Lagos State chapter of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) convened a strategic meeting with…

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NIPCO Gas, NNPCL commission Lekki gas distribution project with 100 MMSCFD capacity
August 29, 2024DownstreamEnergy TransitionGasGenerationGreen FinanceMidstreamNewsSustainability

NIPCO Gas, NNPCL commission Lekki gas distribution project with 100 MMSCFD capacity

… NIPCO Gas, NNPCL operationalize gas supply to 24 MW power plant in Lagos Lekki Free Trade Zone Oredola Adeola NIPCO Gas, in collaboration with NNPC Gas Marketing Limited, has officially launched the Lekki Gas Distribution Project, boasting a capacity…

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NNPCL launches LNG shipments to Japan, China on DES basis, boosts global supply footprint 
August 26, 2024DownstreamFinanceGasMaritimeMidstreamNews

NNPCL launches LNG shipments to Japan, China on DES basis, boosts global supply footprint 

… NNPC Shipping Ltd intends to build a shipping portfolio, including owned vessels … schedules to deliver at least two more LNG cargoes to Asian market on a DES basis by November   Oredola Adeola The Nigerian National Petroleum Company…

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Average cost per 1kg cooking gas cylinder drops to ₦1,194.91 in July 2024 – NBS
August 22, 2024DownstreamGasImpactNews

Average cost per 1kg cooking gas cylinder drops to ₦1,194.91 in July 2024 – NBS

…  decreases by 14.23% Month-on-Month Thelma Tokunbo The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG) decreased by 14.23% from ₦6,966.03 in June 2024 to ₦5,974.55 in July 2024. This decline results in an average…

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WIEN, Smart Gas Ltd. set to distribute 100,000 3kg, 6kg cylinders annually, targets 500,000 homes nationwide
August 16, 2024DownstreamEnergy TransitionGasImpactLocal ContentNewsSustainability

WIEN, Smart Gas Ltd. set to distribute 100,000 3kg, 6kg cylinders annually, targets 500,000 homes nationwide

…seek public, private sector funding to boost cooking gas utilization across 774 LGAs in Nigeria Oredola Adeola The Women in Energy Network (WIEN), in partnership with Smart Gas Limited, is seeking support from both private and government sectors, along with…

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Tinubu reactivates Gulf of Guinea gas pipeline agreement
August 15, 2024DocumentaryEnergy TransitionGasMidstreamNewsUpstream

Tinubu reactivates Gulf of Guinea gas pipeline agreement

…signs new MoU with Equatorial Guinea Oredola Adeola President Bola Tinubu and Equatorial Guinean President Teodoro Obiang Nguema Mbasogo in Malabo signed an agreement on Gulf of Guinea pipeline project paving the way for the commercialization of Nigerian gas untapped…

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Ministry of Petroleum Resources confirms participation in 2nd edition of Gas Investment Forum in October
August 14, 2024AdvertorialEnergy TransitionGasMidstreamNewsUpstream

Ministry of Petroleum Resources confirms participation in 2nd edition of Gas Investment Forum in October

Oredola Adeola The Ministry of Petroleum Resources has officially confirmed its participation in the upcoming 2nd edition of the Gas Investment Forum, set to take place in Lagos this October, as part of its ongoing commitment to advancing Nigeria’s gas…

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NIPCO PLC achieves 69% turnover increase in 2023 despite product, FX challenges
August 12, 2024DownstreamEnergy TransitionGasMidstreamNewsOil & Gas

NIPCO PLC achieves 69% turnover increase in 2023 despite product, FX challenges

… gears up for a promising 2024, focuses on strategic investments, expansion of gas infrastructure Oredola Adeola NIPCO PLC, one of Nigeria’s leading downstream oil and gas companies, has recorded a 69 percent increase in turnover for the fiscal year…

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Dangote secures $5.33m for importation of gasoil, LPFO from $105.33m CBN FX auction allocation
August 12, 2024DownstreamFinanceGasMaritimeMidstreamNews

Dangote secures $5.33m for importation of gasoil, LPFO from $105.33m CBN FX auction allocation

…. secures $105.33m out of total of $876.26 million at a rate of N1,495/$1   Oredola Adeola The Dangote Oil & Gas Company Limited received $5.33 million for the importation of gasoil and low-pour fuel oil (LPFO), during the most recent…

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11 Plc tackles Ikeja fire incident, confirms evacuation of injured victims to hospital
August 8, 2024DownstreamGasNews

11 Plc tackles Ikeja fire incident, confirms evacuation of injured victims to hospital

…NNPCL confirms explosion did not impact NGML/NIPCO CNG stations … six vehicles damaged, nearby building impacted; cause under investigation, two suffer severe burns Thelma Tokunbo Following a fire outbreak at the Mobil Service Station on Obafemi Awolowo Way in Ikeja…

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