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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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Lagos receives N3.911bn in oil derivation funds between 2018- 2021
May 8, 2024FinanceNewsOil & GasSabotageUpstream

Lagos receives N3.911bn in oil derivation funds between 2018- 2021

… loses revenue due to ongoing production issues at Aje field … as dispute between Yinka Folawiyo, technical partners lingers   Oredola Adeola The Lagos State Government has that it received a cumulative sum of N3.911 billion in oil derivation…

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NNPCL confirms fuel queues dissipating in Lagos, FCT other states
May 7, 2024DownstreamNewsOil & Gas

NNPCL confirms fuel queues dissipating in Lagos, FCT other states

… announces 1.5 bn litres of petrol stockpile to meet 30 days of supply … cautions motorists against panic buying   Oredola Oredola   As part of measure to thin out supply issues and queues across the country, the Nigerian…

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OTC 2024: Nigerian govt. vows to eradicate business hurdles, boost investors confidence in oil, gas sector
May 7, 2024NewsOil & GasUpstream

OTC 2024: Nigerian govt. vows to eradicate business hurdles, boost investors confidence in oil, gas sector

… as Lokpobiri applauds PETAN for providing platform for Nigerian companies to showcase their businesses to world   … 12 lucrative oil blocks on offer in 2024 bid round with robust incentives – Engr Komolafe assures new entrants   Oredola…

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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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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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NMDPRA, stakeholders review Midstream HCDTrust to curb pipeline vandalism
May 1, 2024DownstreamEnvironmentImpactMidstreamNewsOil & Gas

NMDPRA, stakeholders review Midstream HCDTrust to curb pipeline vandalism

… enhance co-existence between licensees, lessees, and host communities   … Authority reveals plans to upgrade Dangote Refinery pre-commissioning license to fully operational status   Oredola Adeola   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has commenced the…

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NGA launches robust campaign targeting undergraduates, bolsters initiatives to tackle human capital issue amid Gas Decade
May 1, 2024DownstreamGasImpactMidstreamNewsOil & GasUpstream

NGA launches robust campaign targeting undergraduates, bolsters initiatives to tackle human capital issue amid Gas Decade

…inaugurates first student branch of NGA in UniPort   Oredola Adeola The Nigerian Gas Association (NGA) has embarked on an intensive lobbying effort focusing on undergraduates of Petroleum and Gas Engineering to drive the goal of sustainable gas utilisation and…

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Reps Committees assure fuel queues will vanish in 3 days, confirm availability of 1.5bn litres in NNPC storage facilities
May 1, 2024DownstreamNewsOil & Gas

Reps Committees assure fuel queues will vanish in 3 days, confirm availability of 1.5bn litres in NNPC storage facilities

  …  call on security forces to deal with middlemen taking advantage of supply disruption to maximize profit   Oredola Adeola   The House of Representatives Committee on Petroleum Resources, Downstream and its counterpart on Midstream have assured the public…

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Waltersmith Refinery pays NCDMB N450m interim dividend from N4.5bn, out of N23.6bn profit-after-tax for 2023
May 1, 2024ConcessionFinanceMidstreamNewsOil & Gas

Waltersmith Refinery pays NCDMB N450m interim dividend from N4.5bn, out of N23.6bn profit-after-tax for 2023

Oredola Adeola   The Nigerian Content Development and Monitoring Board (NCDMB) has announced the receipt of a N450 million interim dividend payment from the 5,000 barrels per day Waltersmith Refinery and Petrochemical Company Limited, located in Ibigwe, Imo State.  …

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