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NNPC-TotalEnergies JV signs USD$550m FID on Ubeta gas condensate field dev’t project
June 20, 2024FinanceGasGreen FinanceLocal ContentNewsUpstream

NNPC-TotalEnergies JV signs USD$550m FID on Ubeta gas condensate field dev’t project

…targets 350 MMScf of gas, 10,000bpd of crude oil, condensates … production start-up in 2027 … Kyari, Sangster say Ubeta field dev’t project launch was enabled by Tinubu’s Executive Order   Oredola Adeola   The Nigerian National Petroleum Company Limited-TotalEnergies JV…

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Ekpo woos Canadian businesses, investors to explore Nigeria’s gas sector opportunities
June 13, 2024Energy TransitionFinanceGasNewsOil & GasUpstream

Ekpo woos Canadian businesses, investors to explore Nigeria’s gas sector opportunities

Oredola Adeola The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has encouraged Canadian businesses and investors to seize the vast opportunities in Nigeria’s gas sector through the Decade of Gas initiative and the Petroleum Industry Act (PIA) 2021.…

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NCDMB recommends pan-African collaboration for oil-producing countries in local content development
June 11, 2024DownstreamEnergy TransitionFinanceImpactLocal ContentMidstreamNewsOilOil & GasSustainabilityTechnologyUpstream

NCDMB recommends pan-African collaboration for oil-producing countries in local content development

… shares local content experience with Uganda energy officials “African oil-producing countries cannot achieve enough when they operate in silos,” Halilu, NCDMB Director Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) has called on African oil-producing countries to…

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FLNG: NNPC, Golar LNG ink third MoU, sign PDA on 400-500mmscf gas deal  
June 11, 2024ConcessionGasMaritimeMidstreamNewsUpstream

FLNG: NNPC, Golar LNG ink third MoU, sign PDA on 400-500mmscf gas deal  

… target FID before December end 2024 … aim for first gas by 2027   Oredola Adeola The Nigerian National Petroleum Company (NNPC) Limited has signed a Project Development Agreement (PDA) with Golar LNG to deploy a Floating Liquefied Natural…

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NNPC subsidiary posts 137% increase in operating profit for 2023
June 5, 2024NewsOil & GasService CompanyUpstream

NNPC subsidiary posts 137% increase in operating profit for 2023

…targets 5% increase in market share through EPC projects Oredola Adeola   The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has announced a 137 percent increase in operating profits for…

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Afreximbank, APPO sign funding documents of $5 bn Africa Energy Bank
June 4, 2024DownstreamEnergy TransitionGenerationMidstreamMultilateral FinanceNewsOil & GasPowerUpstream

Afreximbank, APPO sign funding documents of $5 bn Africa Energy Bank

… as two major class A investors unite to pump $2.75bn as equity contribution Oredola Adeola The African Petroleum Producers Organization (APPO), and the African Export-Import Bank (Afreximbank) have signed the requisite documents for the establishment of the Supranational Multilateral…

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NNPC Ltd finally resolves $1.28b ExxonMobil-Seplat Energy dispute, signs settlement agreement
May 30, 2024NewsOil & GasUpstream

NNPC Ltd finally resolves $1.28b ExxonMobil-Seplat Energy dispute, signs settlement agreement

  … deals await NUPRC Subject-to-Clearance Consent within 30 days …  President Tinubu or Lokpobiri to give ministerial consent   Oredola Adeola   After over two years of delays, the Nigerian National Petroleum Company Limited (NNPC Ltd) has finally signed…

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Bristow helicopters seeks NCDMB support to commence search, rescue operations for crude oil, gas vessels
May 27, 2024Local ContentMaritimeMidstreamNewsOil & GasSecurityUpstream

Bristow helicopters seeks NCDMB support to commence search, rescue operations for crude oil, gas vessels

  …plans to introduce light-wing aircraft into Nigeria oil and gas industry by Q4 2024   Oredola Adeola   The Management of Bristow Helicopters has initiated the plan to partner  with the Nigerian Content Development and Monitoring Board (NCDMB) to  introduce…

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NGA commends Okunbor, Shell companies involvement in initiatives harnessing Nigeria’s gas reserves for commercialization
May 24, 2024DownstreamGasLocal ContentPowerUpstream

NGA commends Okunbor, Shell companies involvement in initiatives harnessing Nigeria’s gas reserves for commercialization

… sets to relaunch Advisory group  targeting Nigerians across gas value chain   Oredola Adeola   The Nigerian Gas Association (NGA) has recognized Mr. Osagie Okunbor, Managing Director of the Shell Petroleum Development Company of Nigeria Limited (SPDC) for his…

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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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