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President Tinubu approves $100m investment from 4 agencies under Min. of Petroleum Resources, for $5bn Africa Energy Bank shares
May 24, 2024DocumentaryDownstreamEnergy TransitionFinanceGenerationGreen FinanceImpactMidstreamNewsOil & GasPowerRenewablesUpstream

President Tinubu approves $100m investment from 4 agencies under Min. of Petroleum Resources, for $5bn Africa Energy Bank shares

  … APPO, Afrexim Bank technical inspection team validates Nigeria’s readiness to host AEB hqtrs   Oredola Adeola   President Bola Ahmed Tinubu has  approved $100 million investment from four key agencies under the Ministry of Petroleum Resources, surpassing the…

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WIEN seeks NCDMB support for training, funding of 60 women in energy transition journey 
May 16, 2024DocumentaryFinanceImpactLocal ContentMidstreamNewsSustainability

WIEN seeks NCDMB support for training, funding of 60 women in energy transition journey 

  Oredola Adeola   The Women in Energy Network (WIEN) has approached the Nigerian Content Development and Monitoring Board (NCDMB) to seek support for training and funding for 60 women who are now registered with the specific aim of helping…

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CBN appoints 9 Pre-Shipment Inspection, 2 Monitoring Agents for oil, gas exports
May 14, 2024ConcessionDocumentaryMaritimeMidstreamNewsOil & GasUpstream

CBN appoints 9 Pre-Shipment Inspection, 2 Monitoring Agents for oil, gas exports

Oredola Adeola   The Central Bank of Nigeria (CBN) has confirmed the Federal Government’s appointment of Nine (9) Pre-Shipment Inspection Agents (PIAs) effective from May 13, 2024, as part of the move to streamline and monitor oil and gas exports.…

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President Tinubu mandates procurement of CNG-Powered vehicles by  MDAs
May 14, 2024DownstreamGasLocal ContentMidstreamNewsOil & GasUpstream

President Tinubu mandates procurement of CNG-Powered vehicles by  MDAs

… “We must lead the way to prosperity by example”- Tinubu to public officials   Oredola Adeola President Bola Tinubu has directed the mandatory procurement of Compressed Natural Gas (CNG)-powered vehicles by all Government Ministries, Departments, and Agencies (MDAs) as parts…

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11 Plc declares N26.56bn profits in FY 2023
May 13, 2024DownstreamMidstreamNewsOil & Gas

11 Plc declares N26.56bn profits in FY 2023

… announces N3bn dividend payout  “Our 250 filling stations shine as downstream industry benchmark for service, ethical standards” – Oyebanji, MD/CEO said Oredola Adeola 11 Plc (formerly Mobil Oil Nigeria Plc) has announced a profit after tax of N26.56 billion…

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NUPRC, Senate Committee strengthen ties with Chevron to boost investment in Nigeria oil, gas sector
May 9, 2024GasLocal ContentMidstreamNewsOil & GasUpstream

NUPRC, Senate Committee strengthen ties with Chevron to boost investment in Nigeria oil, gas sector

… Chevron cites favorable gas pricing as key to boosting polypropylene production in Nigeria Oredola Adeola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Senate Committee on Upstream visited Chevron’s Control Facilities to foster collaboration and strengthen ties within…

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NNPC Ltd. reiterates commitment to building massive oil, gas infrastructure to make sector thrive
May 9, 2024DownstreamFinanceMidstreamOil & GasUpstream

NNPC Ltd. reiterates commitment to building massive oil, gas infrastructure to make sector thrive

Oredola Adeola   The Nigerian National Petroleum Company Ltd (NNPC Ltd.) has assured operators and prospective investors of its commitment to continue investing in the development of huge oil and gas infrastructure to facilitate their business operations in Nigeria.  …

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Shell signs 20-year agreement with Oyo State government to develop gas distribution infrastructure network
May 4, 2024DownstreamFinanceGasMidstreamNewsOil & GasUpstream

Shell signs 20-year agreement with Oyo State government to develop gas distribution infrastructure network

…to deliver 60 millons SCF of gas Daily by Q4 2025   Oredola Adeola   Shell Nigeria Gas (SNG) has signed an agreement with the Oyo State Government to construct and manage gas distribution infrastructure, encompassing 15km of pipeline routes,…

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Tinubu to commission AHL, ANOH gas processing plants, ANOH-OB3 CTMS pipeline project
May 3, 2024DownstreamGasMidstreamNews

Tinubu to commission AHL, ANOH gas processing plants, ANOH-OB3 CTMS pipeline project

  …foresees 500mmscf/d surge in domestic gas supply   Oredola Adeola President Bola Tinubu lined up the 200mmscf/d AHL gas processing plant 2 (GPP – 2), 300MMscf/d ANOH Gas Processing Plant (AGPC), and the ANOH-OB3 CTMS gas pipeline project being…

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Ogun CNG truck accident: FG to make regulations against trucking of gas
May 2, 2024DownstreamGasMidstreamNewsOil & Gas

Ogun CNG truck accident: FG to make regulations against trucking of gas

…demands gas companies invest in more pipelines to deliver gas to end users   Oredola Adeola   The Federal Government has revealed the plan to improve the reliability of gas delivery to reduce the logistical challenges associated with truck-based transportation,…

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