July 27, 2024GasLocal ContentNewsOil & GasService CompanyTechnology

NCDMB commends Lee Engineering for 350 projects achieved with zero incidents over 34 years

Engr. Ogbe pledges ongoing support for Nigerian service companies … vows to bring jobs to Lee Engineering 10,000sq m fabrication yard in Warri, Delta State Oredola Adeola Engr. Felix Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board…

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July 16, 2024DownstreamFinanceGasMidstreamNewsOil & Gas

 Port Harcourt Refinery to commence production in Aug, Kaduna by Dec 2024- NNPC Ltd GCEO

  “Recent growth in the nation’s crude oil production was as a result of President Tinubu’s Executive Orders” – Kyari     Mele Kyari, Nigerian National Petroleum Company Limited, NNPCL Group Chief Executive Officer has announced that the Port Harcourt…

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July 6, 2024DownstreamGasMidstreamNewsOil & Gas

NCDMB, GACN launch JWT to monitor midstream, downstream gas activities, promote commercialization opportunities

…Alh. Halilu (NCDMB), Uzoho (GACN) to serve as co-chairpersons on steering committee … mobilize CNG facilities in Bayelsa to promote use of CNG as automobile fuel Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) and the Gas Aggregator…

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July 5, 2024DownstreamEnergy TransitionGasMidstreamNewsOil & Gas

NNPCL accelerates CNG station rollout, commissions 12 new sites in Abuja, Lagos

… commits to establishing over 100 new CNG stations in 2025, including 16 through JV with NIPCO … plans to build three LNG stations Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) has accelerated its nationwide deployment of Compressed…

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July 4, 2024Energy TransitionGasImpactLocal ContentMidstreamNewsOil & Gas

NNPC reaffirms commitment to using gas for industrialization, power plant construction along AKK pipeline

Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its commitment to fostering Nigeria’s industrialization by providing the needed support for the development of numerous power plants along the Ajaokuta, Kaduna, and Kano gas pipeline corridors. Mr.…

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July 3, 2024FinanceGasMidstreamNewsUpstream

400,000 bpd crude oil deficit, despite vast reserves Nigeria at risk of partial implementation of 2024 budget – IPPG Chairman

… says competitive fiscal regime being negotiated with Shell, Total Energies, ExxonMobil, Chevron, to unlock  700,000 bpd in short, medium term   Oredola Adeola Nigeria’s daily production of 1.3 million barrels of crude oil and 8.5 bcf of natural gas,…

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June 28, 2024DocumentaryFeatureGasImpactNewsOil & GasReviewUpstream

End of era for massive front-loaded oil blocks signature bonuses: Potential gains for Nigeria

Ibrahim Musa   The Federal Government through the upstream regulator, has slashed signature bonuses to a maximum of $10 million for deepwater assets and $7 million for shallow water and onshore assets, down from around $200 million previously.   The…

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June 27, 2024DocumentaryEnergy TransitionGasImpactNewsRenewablesSustainability

Sahara Group advocates for Africa to lead sustainability narrative through gas, renewables, carbon capture

  Oredola Adeola Sahara Group has made a case for Africa countries to champion a strong sustainability narrative such as focusing on natural gas commercialization, increased renewable energy use, investment in low-cost, low-emission clean energy solutions, protecting and rehabilitating natural…

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June 27, 2024ConcessionEnergy TransitionFinanceGasNewsSustainability

President Tinubu approves N10bn for CNG buses, N50,000 monthly for 100,000 families in each state

 …  orders deployment of N155 billion for the purchase and sale of assorted foodstuffs Oredola Adeola President Bola Tinubu has approved economic relief measures for Nigerians, including a N10 billion allocation for bus procurement and the CNG uplift programme in the…

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June 23, 2024GasMidstreamNewsOilTechnology

After 7 years of delays, FG confirms August 2024 completion date for OB3 gas pipeline

  … new contractors adopt advanced micro-tunneling technology enabling OB3 pipeline under River Niger   Oredola Adeola After over seven years of attempts to meet the deadline, August 2024 has been set as the new completion date for the 48-inch,…

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