December 26, 2024DocumentaryImpactMidstreamNewsOil & GasSpecial ReportTechnologyUpstream

NNPC launches 24/7 oil, gas monitoring command centre to drive 2 mbpd target

… embarks on real-time tracking of hydrocarbon molecules from production to export terminals Oredola Adeola With a strategic focus on achieving a 2 million bpd production target, NNPC Ltd has unveiled a 24/7 Production Monitoring Command Centre (PMCC) to enable…

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December 23, 2024DownstreamEnergy TransitionFinanceGasImpactMidstream

Greenville LNG sets ambitious target: 50 LCNG hubs within first seven months of 2025

Oredola Adeola Greenville LNG has announced an ambitious plan to construct 50 Liquefied Compressed Natural Gas (LCNG) hubs across Nigeria within the next seven months. This initiative is part of the company’s broader nationwide distribution strategy for 2025, aimed at…

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December 23, 2024DistributionFinanceGasGenerationImpactNewsPowerSpecial ProjectTransmission

Power Consumer Assistance Fund: Vital lifeline to avert NESI’s persistent liquidity crisis

… ending blanket electricity subsidy, with ₦5,000 monthly relief worth 25 kWh for low-income households … activation of PCAF, full cost-reflective tariffs by Q1, 2025 Adetayo Adegbemle Nigeria’s Electricity Supply Industry (NESI) is grappling with persistent financial instability, largely driven…

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December 22, 2024DistributionImpactNewsPower

EKEDC’s Lekki-Ajah customers to enjoy improved power supply, as TCN upgrades substation to 195MVA

…with commissioning of 1x75MVA transformer at Lekki …more supply to New Maroko, Cheview Estate, Lekki, surrounding areas   Oredola Adeola   The Transmission Company of Nigeria (TCN) has successfully commissioned a 1×60/75 MVA 132/33KV power transformer at the 330/132/33kV Lekki…

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December 19, 2024DownstreamFeatureImpactMidstreamOil & GasReviewSpecial ProjectUpstream

2024: NNPCL triumphs with N3tn profit, refinery revival

  ..overcames challenges despite turbulent year   Emmanuel Akanni With a volatile global oil market in 2024 tied to geopolitical tensions and other local challenges such as oil theft and pipeline vandalism amid the pressure to up oil production levels,…

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December 16, 2024ImpactMultilateral FinanceNewsOil & GasSpecial ReportSustainabilityUpstream

Shell announces FID on $5bn Bonga North deepwater project

Tinubu says “Bonga North reflects transformative reforms under Presidential directives 40, 41, 42”  Verheijen describes Bonga North FID a game-changer, refuting misconceptions about IOCs exiting Nigeria   Oredola Adeola Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of…

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December 16, 2024EnvironmentImpactNewsOil

Oil spill hits Shell loading terminal in Bonny after pipeline rupture

… NIMASA confirms incident, NOSDRA assesses damage Oredola Adeola An oil spill caused by a ruptured pipeline occurred on Saturday, December 14, 2024, at the Shell Petroleum Development Company (SPDC) loading terminal in Bonny, Rivers State. The Nigerian Maritime Administration…

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December 5, 2024DocumentaryEnergy TransitionGasImpactLocal ContentMidstreamNewsTechnology

#PNC2024: CNG vehicle conversion centers in Nigeria surge from 7 in 2023 to 158 in 2024 – Pi-CNG confirms 

…secures 10 hectares of land for establishment of CNG manufacturing hub in Ajaokuta, Kogi State   Oredola Adeola The Presidential Committee on Compressed Natural Gas Initiative (Pi-CNG) has confirmed a significant increase in the number of CNG vehicle conversion centers…

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December 4, 2024Energy TransitionFinanceImpactLocal ContentNewsOil & GasSustainabilityTechnology

10th HoR advances Nigerian Content Bill, set to repeal NOGIC Act 2010

… moves to expanding content bill to cover electricity, ICT, other key sectors Oredola Adeola The House of Representatives Committee on Nigerian Content Development and Monitoring has reiterated commitment to advancing the Nigerian Content Development and Enforcement Bill (the ‘NCDE…

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December 3, 2024DocumentaryDownstreamEnergy TransitionExtractive IndustryImpactLocal ContentNewsOilOil & GasSustainabilityUpstream

PNCNigeria: Nigeria’s local content in oil, gas sector rises to 56% in 2024, exceeds target

NCDMB revises Community Contractor Fund, allocates ₦15bn … increases single obligor limit from ₦20m to ₦100 m Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) has reported an increase in local content in the oil and gas sector…

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