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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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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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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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NAEC 2024 International Energy Conference set for October 3 in Lagos
April 30, 2024AdvertorialDistributionDownstreamEnergy TransitionFinanceGasGenerationMidstreamNewsOil & GasPowerService CompanyUpstream

NAEC 2024 International Energy Conference set for October 3 in Lagos

  ….”We are focusing on solutions to energy transition, gas-to-power conundrums, underscoring Nigeria’s energy prosperity,” – Organisers   Oredola Adeola Top energy industry leaders and experts are expected to converge in Lagos on October 3, 2024, at the Association of…

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OTC 2024: Nigeria, others to discuss regional investment opportunities, collaboration
April 29, 2024AdvertorialDocumentaryNewsOil & GasUpstream

OTC 2024: Nigeria, others to discuss regional investment opportunities, collaboration

  …  as New House International leads SME trade delegation to OTC 2024 African oil and gas executives and Small Medium Enterprises (SMEs) operators are set to discuss opportunities and collaborations for investment in the industry at the 2024 Offshore…

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Nigeria’s second Lithium factory takes off in Abuja, with $50m investment, features 6MW CNG gas power plant
April 26, 2024Energy TransitionEnvironmentExtractive IndustryMiningMining & Solid MineralNewsUpstream

Nigeria’s second Lithium factory takes off in Abuja, with $50m investment, features 6MW CNG gas power plant

… anticipated to yield an estimated $350 million annually …. targets 1.6 million tons per annum   Oredola Adeola   In a strategic effort to enhance Nigeria’s involvement in lithium mining, processing, and value addition, ASBA Group has initiated the…

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FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!
April 25, 2024ConcessionExtractive IndustryMiningNewsUpstream

FG revokes 924 dormant mining licenses: 528 ELs, 20 MLs, 101 QLs, 273 SSMLs axed!

  …Alake defends action, says “notices were issued to 963 mining licensees, 39 regularized their status”   Temitayo Ayoola   The Nigerian Government has revoked a total of 924 dormant mining licenses, consisting of 528 Exploration Licenses (ELs), 20 Mining…

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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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