June 21, 2024Energy TransitionExtractive IndustryGasImpactNewsOil & GasSpecial ReportSustainabilityUpstream

Nigeria, Russia, US, six others account for 75% of global gas flaring in 2023 -World Bank reports

…flared gas in 2023, reaches 148 bcm, highest level since 2019 …  9 bcm increase reverts world to levels last seen in 2019, with 6 years left to zero routine flaring deadline   Oredola Adeola The World Bank has reported…

Readmore

June 20, 2024FinanceGasGreen FinanceLocal ContentNewsUpstream

NNPC-TotalEnergies JV signs USD$550m FID on Ubeta gas condensate field dev’t project

…targets 350 MMScf of gas, 10,000bpd of crude oil, condensates … production start-up in 2027 … Kyari, Sangster say Ubeta field dev’t project launch was enabled by Tinubu’s Executive Order   Oredola Adeola   The Nigerian National Petroleum Company Limited-TotalEnergies JV…

Readmore

June 18, 2024DocumentaryEnergy TransitionFinanceGasLocal ContentMidstreamNewsReviewTechnology

$4.3bn NLNG Train 7 gas project timeline: From groundbreaking to 67% completion

… accumulates over 45m man-hours between 2021- 2024 without any LTI   Michelle Savage   The Nigeria LNG Limited (NLNG) Train 7 gas project, with a total contract sum of $4.3 billion, began construction in June 2021 and has achieved…

Readmore

June 13, 2024Energy TransitionFinanceGasNewsOil & GasUpstream

Ekpo woos Canadian businesses, investors to explore Nigeria’s gas sector opportunities

Oredola Adeola The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has encouraged Canadian businesses and investors to seize the vast opportunities in Nigeria’s gas sector through the Decade of Gas initiative and the Petroleum Industry Act (PIA) 2021.…

Readmore

June 13, 2024GasMidstreamNews

NSML secures deal to manage new 23,000 cubic metre LPG vessel for Temile development

Oredola Adeola NLNG Shipping and Marine Services Limited (NSML) has signed a Vessel Management Agreement (VMA) to provide comprehensive vessel technical management services for the new 23,000 cubic metre LPG vessel, LPG Alfred Temile 10, owned by Temile Development Company…

Readmore

June 11, 2024ConcessionGasMaritimeMidstreamNewsUpstream

FLNG: NNPC, Golar LNG ink third MoU, sign PDA on 400-500mmscf gas deal  

… target FID before December end 2024 … aim for first gas by 2027   Oredola Adeola The Nigerian National Petroleum Company (NNPC) Limited has signed a Project Development Agreement (PDA) with Golar LNG to deploy a Floating Liquefied Natural…

Readmore

June 10, 2024DownstreamGasMidstreamNews

Africa Gas Innovation Summit, 2024 sets to hold in Abuja, June 13-14

… industry leaders, policymakers, entrepreneurs convene to foster energy-based research, technological advancements   Oredola Adeola   The inaugural edition of Africa Gas Innovation Summit (AGIS 2024) is set to take place in Abuja from June 13-14, 2024, bringing together industry…

Readmore

June 7, 2024DistributionEnergy TransitionGasGenerationNewsPowerTransmission

FG to deploy 11.5 m prepaid meters in five years – Adelabu assures

  Oredola Adeola The Federal Government has launched a framework to inject a total of 11.5 million prepaid meters over the next five years to ensure accurate billing, reducing revenue loss and improving cash flow for a more liquid power…

Readmore

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…

Readmore

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…

Readmore