Category: Oil & Gas
NLPGA to partner NLNG, NNPC for uninterrupted domestic LPG supply
NLNG’s Domestic Supply Intervention, according to Mr. Felix Ekundayo, President of the NLPGA, created the much-needed foundation for what has grown over 1000 per cent, from a 60,000MT market in 2007 into a 1.3MT market and is still growing. One of the most important hallmarks of the intervention the NLPGA president said is that it drastically reduced supply disruptions and birthed several indigenous companies in Nigeria’s LPG market.
Shell resumes crude oil export at Forcados Terminal
The SPDC’s Media Relations Manager, Mrs Abimbola Essien-Nelson, confirmed to news agency on Friday in Lagos. SPDC had said that the Forcados Oil Terminal would resume export operations by the end of October, when the ongoing essential repairs would have been completed.
Our most-valued crude oil customers and gas buyers now competing with us —FG
It also stated that international oil companies were massively shifting focus to alternative fuels, as the threat posed by the push for renewables was seriously gaining momentum.
Oil theft: Tompolo uncovers another illegal pipeline operating near military post in Delta
Sources said that oil companies, oil bunkers, Nigerian National Petroleum Corporation, NNPCL, and security officials jointly steal crude oil through the illicit pipeline connected to the trunk line through an abandoned pipeline by the Nigerians Agip Oil Company Limited, NAOCL, and linked to a location in the high sea, where they load crude oil into vessels and sell overseas.
Inside details of how Nigerian oil export terminal had theft line into sea for 9 years
The 4-kilometre (2.5-mile) connection from the Forcados export terminal, which typically exports around 250,000 barrels per day (bpd) of oil, into the sea was found during a clamp-down on theft in the past six weeks.
Nigerian oil sector loses 97% foreign investment —Report
In its Nigerian Capital Importation Report for the second quarter of 2022, inflows of foreign investments into the oil and gas industry, which stood at $68.6m (N30bn) in the first half of 2021, crashed to $2.5m (N1bn) in the first half of 2022, making it a 97 per cent drop.
Shell set to resume TNP pipeline test
It supports crude oil production from the facilities of the SPDC joint venture and other producers who rely on the Bonny terminal for crude export.
Heirs Oil and Gas Ltd, ND Western Ltd compete to buy Shell’s stake in Nigerian oil fields
Heirs Oil and Gas Ltd. and ND Western Ltd. are vying for Shell’s 30% stake in the joint venture, which manages assets in the Niger Delta and offshore areas.
Energy Transition: NNPC, Sahara Group invest $300m in gas
WAGL Energy Limited, the JV company between NNPC and Oceanbed (a Sahara Group Company) is driving NNPC’s five-year $1 billion investment plan announced in 2021to to accelerate the decade of the Gas and Energy transition agenda over the period.
Wike, others hail Supreme Court ruling on Rivers oil wells
Rivers State Governor, Nyesom Ezenwo Wike, says the State was in court with its neighbouring Imo State, not to claim victory, but to defend its ownership rights of oil wells in Akri and Mbede communities.