AFC leads Nigeria’s inaugural domestic dollar bond, raises US$900m
It marks the first issuance under the FGN’s Domestic US Dollar Bond Programme.
Year: 2024
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$3.5b LNG: Shell accuses Venture Global of alleged wrongful earnings as NLNG faces same offence
Shell’s claim was based on a study commissioned by Compass Lexicon consultancy, which aimed to determine the extra revenue Venture Global had seemingly wrongfully earned by denying certain European customers their contracted cargoes.
Why NNPC may not lift petrol from Dangote Refinery on Sunday
“Dangote has not briefed us nor has the committee set up by the Federal Government reverted to us on what had been agreed.
Experts advocate sustained oil, gas production with emissions-cutting measures
Habib opined that oil and gas would remain key drivers of the global economy for at least the next 50 years.
Lokpobiri hails Oando’s $783m acquisition of NAOC
Lokpobiri praised the company’s foresight in reshaping the industry’s narrative, where Nigerian companies were now competing with international oil companies, IOCs.
CNOOC Limited announces another major breakthrough in ultra-deepwater natural gas exploration
The success of this well has, for the first time, revealed the enormous potential of carbonate rocks in China’s ultra-deep waters.
NNPC Ltd/Chevron JV concludes conversion of assets into PIA terms
The PIA terms are generally perceived as more investor-friendly, compared to the erstwhile PPTA terms.
Nigeria licenses first floating LNG plant for export and domestic use
Nigeria has more than 209 trillion cubic feet of gas reserves but loses over $1 billion in annual revenue due to gas flaring, government estimates show.
Petrol price hike’ll heighten energy poverty, transfer N5trn from Nigerians to govt, says Rewane
Rewane also predicted that the new price of petrol would increase the number of Nigerian citizens trapped in energy poverty to 168 million in 2025, from 161 million in 2023.
NNPC conditions: Dangote refinery may dump local market, export petrol
The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel unless it was cheaper than that of the international market.