July 8, 2024DownstreamMidstreamNewsOil & Gas

Abuja, Lagos, fuel queues: NNPC, marketers blame thunderstorms, flooding for supply disruption

…confirm petrol loading complications during rainstorms, lightning due to safety regulations   Oredola Adeola Fuel scarcity currently affecting Abuja, Lagos, and other parts of Nigeria is attributed to recent thunderstorms and flooding, which have severely disrupted logistics and transportation of…

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July 6, 2024DownstreamGasMidstreamNewsOil & Gas

NCDMB, GACN launch JWT to monitor midstream, downstream gas activities, promote commercialization opportunities

…Alh. Halilu (NCDMB), Uzoho (GACN) to serve as co-chairpersons on steering committee … mobilize CNG facilities in Bayelsa to promote use of CNG as automobile fuel Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) and the Gas Aggregator…

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July 5, 2024DownstreamEnergy TransitionGasMidstreamNewsOil & Gas

NNPCL accelerates CNG station rollout, commissions 12 new sites in Abuja, Lagos

… commits to establishing over 100 new CNG stations in 2025, including 16 through JV with NIPCO … plans to build three LNG stations Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) has accelerated its nationwide deployment of Compressed…

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July 5, 2024ImpactNewsOil & GasUpstream

TotalEnergies CEO identifies obstacles to oil, gas investments in Nigeria despite President Tinubu’s executive orders

… says good fiscal incentives, competition will drive costs down …as deep-water segment in Nigeria stuck for 10 years Oredola Adeola Mr. Mathieu Bouyer, Country Chairman, and Chief Executive Officer of TotalEnergies EP Nigeria Limited, has stated that despite the…

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July 4, 2024Energy TransitionGreen FinanceImpactNewsOil & GasRenewablesSustainabilityUpstream

Dr. Ainojie, Oando PLC ED urges energy companies to adopt integrated solutions

…cautions African countries against rushed hasty attainment of 30-year SDG 7 vision “Africa needs to extract every molecule of oil, and natural gas to drive a sustainable future”- President/CEO OCEL Oredola Adeola Dr. Ainojie Alex Irune, Executive Director of Oando…

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July 4, 2024Energy TransitionGasImpactLocal ContentMidstreamNewsOil & Gas

NNPC reaffirms commitment to using gas for industrialization, power plant construction along AKK pipeline

Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its commitment to fostering Nigeria’s industrialization by providing the needed support for the development of numerous power plants along the Ajaokuta, Kaduna, and Kano gas pipeline corridors. Mr.…

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July 3, 2024Energy TransitionEnvironmentNewsOil & GasSolarSustainability

WEOG declares September 3 as ‘World Decarbonization Day’

… launches plan to plant 10 million special trees across 774 LGAs, including FCT … dedicates efforts towards offsetting tons of carbon emissions   Oredola Adeola Women In Energy Oil and Gas (WEOG) has declared September 3 as ‘World Decarbonization…

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June 28, 2024DownstreamMidstreamNewsOil & GasReviewSabotageUpstream

Experts warn FG against encouraging anti-competitive practices in oil, gas sector

… recommend regulatory reform, fair pricing, support to ensure success of Dangote Refinery “Dangote refinery too big to fail… If it fails, Nigeria is bound to bear the consequences in long run” Professor Iledare “Corruption permeates government institutions, Dangote must…

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June 28, 2024DocumentaryFeatureGasImpactNewsOil & GasReviewUpstream

End of era for massive front-loaded oil blocks signature bonuses: Potential gains for Nigeria

Ibrahim Musa   The Federal Government through the upstream regulator, has slashed signature bonuses to a maximum of $10 million for deepwater assets and $7 million for shallow water and onshore assets, down from around $200 million previously.   The…

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June 26, 2024MidstreamNewsOil & GasSabotage

Fire erupts in a section of Dangote refinery in Ibeju-Lekki

Oredola Adeola   The massive $19 billion Dangote Oil Refinery and Petrochemicals in Ibeju-Lekki experienced a fire outbreak on Wednesday, June 26, 2024.   This incident comes just days after the management of the 650,000 barrels per day refinery raised alarms…

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