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Post-U.S. strike on Iran: Brent oil price climbs $79.45 on Sunday, drops to $76.75 by Monday
June 23, 2025ImpactMaritimeNewsOil & GasSpecial ReportUpstream

Post-U.S. strike on Iran: Brent oil price climbs $79.45 on Sunday, drops to $76.75 by Monday

…oil markets unshaken as Iran votes to block Hormuz, Khamenei’s approval uncertain Oredola Adeola Brent crude oil prices climbed by 3.17% to $79.45 per barrel on Sunday but retreated to $76.75 per barrel on Monday, following a U.S.-led B-2 bomber…

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NCDMB, First Marine seek FG support for Birogo river dredging to enhance Bayelsa marine, oil operations
December 9, 2024MaritimeMidstreamNewsOil & GasService CompanyTechnologyUpstream

NCDMB, First Marine seek FG support for Birogo river dredging to enhance Bayelsa marine, oil operations

“Drilling Companies in Bayelsa No Longer Need Onne Port”—FMES Chairman, High Chief Penawou   Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) has called for collaboration with the Federal Government and relevant agencies to dredge the Birogo River,…

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Argus Media to replace EuroBob with West Africa benchmark as Nigeria grows refining capacity 
December 4, 2024DocumentaryMaritimeMidstreamNewsOil & GasSpecial ReportSustainability

Argus Media to replace EuroBob with West Africa benchmark as Nigeria grows refining capacity 

  “Dangote, PH refineries, alongside imports, drive competition in Gulf of Guinea market” – Argus Media VP   Oredola Adeola As Nigeria’s petroleum products market is becoming more structured and transparent with the coming onboard of local refiners, Argus Media,…

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MEMAN members source 148 million litres of petrol from Dangote refinery in 10 weeks (Sep.16- Nov. 24)
November 27, 2024DistributionDocumentaryDownstreamMaritimeMidstreamNewsSpecial Report

MEMAN members source 148 million litres of petrol from Dangote refinery in 10 weeks (Sep.16- Nov. 24)

…suspend importation, shift focus to local PMS supply from Dangote refinery amid competitive market   Oredola Adeola Nigeria’s petrol supply chain is shifting as members of the Major Energy Marketers Association of Nigeria (MEMAN) sourced 148,463,142 litres of Premium Motor…

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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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 Nigerian Content in oil, gas reaches 54% in 2023, NCDMB targets 70% by 2027 – Engr. Ogbe, ES
August 22, 2024DocumentaryEnergy TransitionFinanceImpactLocal ContentMaritimeNewsOil & Gas

 Nigerian Content in oil, gas reaches 54% in 2023, NCDMB targets 70% by 2027 – Engr. Ogbe, ES

… lists gains of NOGIDC Act, charges Namibia to prioritise local content Oredola Adeola Engr. Felix Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) announced that by the end of 2023, the country had reached a…

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Matrix Energy Group reaffirms commitment to quality, integrity amidst dirty petrol import allegations
August 18, 2024DownstreamMaritimeMidstreamNewsOil & GasUpstream

Matrix Energy Group reaffirms commitment to quality, integrity amidst dirty petrol import allegations

… we did not discharge 200,000 metric tons of PMS into our facility in July 2024 – Akinola, Matrix Spokersperson Oredola Adeola Matrix Energy Group has asserted that its imported petroleum products meet the specifications set by the Nigerian Midstream…

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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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West African Customs Chiefs agree to SIGMAT integration to streamline Abidjan-Lagos corridor by September 2024
July 1, 2024MaritimeMidstreamNews

West African Customs Chiefs agree to SIGMAT integration to streamline Abidjan-Lagos corridor by September 2024

… sets to empower Nigerian importers to use any ECOWAS port with tariffs credited to Nigeria … policy aligns with NIMASA’s plans to localize bunkering services   Oredola Adeola The Directors General of Customs from Nigeria, Ghana, Benin, Côte d’Ivoire, and…

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

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