April 19, 2024Extractive IndustryGasMidstreamNewsOil & GasService CompanyUpstream

PETAN seeks NUPRC, stakeholders collaboration to unlock Nigeria’s untapped oil, gas for in-country refining, stable supply

“We have the rigs, we have the services, untapped resources underground that need to be tapped”- Engr. Ogunsanya   Oredola Adeola   The Petroleum Technology Association of Nigeria (PETAN) has expressed its members’ eagerness to collaborate with the Nigerian Upstream…

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April 18, 2024FinanceGasMidstreamNewsOil & Gas

NCDMB secures $1m ROI from NEDOGAS gas gathering project

  Oredola Adeola   The Nigerian Content Development and Monitoring Commission (NCDMB) has confirmed the receipt of a cheque of $1 million from the Nedogas Development Company Limited (NDCL) being part of the Return on Investment (ROI) on the 300…

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April 18, 2024FinanceGasMidstreamNewsOil & GasUpstream

Gas Supply, Purchase Agreement for $3.6 billion Brass  methanol, gas processing plant to be executed In May – Ekpo

Oredola Adeola The Gas Supply and Purchase Agreement (GSPA) to support the Final Investment Decision (FID) for the $3.6 billion Brass  methanol plant and gas processing plant in Odioma, Brass Island, Bayelsa State, to be executed by May, 2024. Ekperikpe Ekpo,…

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April 18, 2024DownstreamLocal ContentMidstreamNewsOil & GasUpstream

FG seeks partnership with PETAN to revitalize idle oil, gas wells, optimize active ones for increased revenue

  …PETAN demands incentives for stakeholders to boost industry output   Oredola Adeola   The Federal Government has announced its readiness to collaborate with the Petroleum Technology Association of Nigeria (PETAN) to revitalize some of the country’s idle wells and…

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April 18, 2024DownstreamImpactLocal ContentMaritimeMidstreamNewsOil & Gas

Tinubu commends Dangote for Diesel price plunge from N1,600 to N1,000 per litre

…lauds Dangote for discount of N30 per litre for purchases exceeding five million litres Oredola Adeola   President Bola Tinubu has lauded the remarkable initiative of Dangote Oil and Gas Limited for slashing the price of Automotive Gas Oil (diesel)…

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April 17, 2024DocumentaryImpactMidstreamOil & Gas

Tinubu launches National Single Window initiative, forecasts $4bn annual savings, $2.7bn economic gains

  … revolutionise trade efficiency, port operations … initiative will enhance trade efficiency for petroleum products- Advisors Reports   Oredola Adeola   The Nigerian government’s implementation of the National Single Window is set to revolutionize the country’s ports, with projected…

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April 16, 2024Extractive IndustryMidstreamNewsOil & GasUpstream

Nigeria’s oil reserve hits 37.50 billion barrels, as natural gas reserve surges to 209.26 TCF

  Oredola Adeola   Nigeria’s oil + condensate reserve has grown to 37.50 billion barrels, while the total natural gas (associated and non-associated) reserve has surged to 209.26 Trillion Cubic Feet (TCF) as of January 2024, the Nigerian Upstream Petroleum Regulatory…

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April 15, 2024DownstreamGasGreen FinanceMidstreamNewsOil & Gas

NIPCO Gas to develop 35 CNG stations, offers autoCNG at N200-N230/scm against PMS prices of N610-N670/ltr in Lagos, Abuja

… sets to complete 4 CNG stations in Lagos by May …  to expand gas transportation pipeline to Ibadan, distribution network in Lekki Free Zone .. applauds FG/NNPC for confidence in NIPCO’s expertise to revolutionize CNG infrastructure nationwide   NIPCO…

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April 6, 2024FeatureMidstreamNewsOil & GasUpstream

PETAN throws weight behind President Tinubu’s oil, gas production drive

…commits to strengthening partnership with Energy Correspondents   The Petroleum Technology Association of Nigeria (PETAN) has pledged its backing to the President Bola Tinubu-led administration’s drive to boost Nigeria’s oil and gas output for optimal returns, assuring that the country…

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April 1, 2024DocumentaryGasGenerationInterviewLocal ContentMidstreamNewsOil & GasPowerTransmissionUpstream

Continuing with Diesel driven trucks for gas transportation, delivery in Decade of Gas is an economic paradox- Iheme, MD Gasavant

    … says “infrastructure key to achieving 10kg per capita gas consumption target in Nigeria” … urges private sector to lead Diesel-to-Gas facility conversion efforts   Engr. Emeka Iheme, Managing Director, Gasavant Africa, a Gas Infrastructure Development firm who…

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