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Axxela announces Final Investment Decision (FID) to develop 50 MMSCF/D gas processing plant
April 23, 2024GasLocal ContentMidstreamNewsOil & GasUpstream

Axxela announces Final Investment Decision (FID) to develop 50 MMSCF/D gas processing plant

…  first phase (12 MMSCF/D modular plant) with interconnection pipeline network of about 4km …  to commence operations by the end of 2024 …targets abundant CNG for vehicles, decentralized power solutions   Oredola Adeola   Axxela Limited has announced that…

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NUPRC’s rapid progress in ExxonMobil’s $1.3bn Assets Deal to Seplat Energy Plc: A Tale of Swift Action and Commitment to Nigeria’s Energy Industry
April 22, 2024FeatureOil & GasOpinion-editorialUpstream

NUPRC’s rapid progress in ExxonMobil’s $1.3bn Assets Deal to Seplat Energy Plc: A Tale of Swift Action and Commitment to Nigeria’s Energy Industry

  By Ibrahim Musa   There are indications that the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the regulator of Nigeria’s upstream oil sector, is not responsible for the alleged delay in granting consent to the sale of $1.3 billion ExxonMobil’s…

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NIPCO receives Energy Times Most Innovative Gas Company of the Year for pioneering Nigeria’s CNG revolution
April 22, 2024DownstreamEnergy TransitionGasImpactNewsOil & Gas

NIPCO receives Energy Times Most Innovative Gas Company of the Year for pioneering Nigeria’s CNG revolution

  Oredola Adeola   NIPCO Gas has been honoured with the title of Innovative Gas Company of the Year by Energy Times Newspaper, in recognition of the company’s pioneering initiatives in advancing the adoption of Compressed Natural Gas (CNG) and…

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PETAN seeks NUPRC, stakeholders collaboration to unlock Nigeria’s untapped oil, gas for in-country refining, stable supply
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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NNPCL, First E&P begin oil production from Madu field in OML 85, target oil 20,000 barrels per day
April 19, 2024NewsOil & GasUpstream

NNPCL, First E&P begin oil production from Madu field in OML 85, target oil 20,000 barrels per day

  Oredola Adeola   The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the Madu Field, located in OML 85, in shallow…

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NCDMB secures $1m ROI from NEDOGAS gas gathering project
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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Gas Supply, Purchase Agreement for $3.6 billion Brass  methanol, gas processing plant to be executed In May – Ekpo
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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FG seeks partnership with PETAN to revitalize idle oil, gas wells, optimize active ones for increased revenue
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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Tinubu commends Dangote for Diesel price plunge from N1,600 to N1,000 per litre
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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Tinubu launches National Single Window initiative, forecasts $4bn annual savings, $2.7bn economic gains
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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