Category: Oil & Gas
Tinubu flags off independent power plant project in Abuja
On completion, the NNPCL said the GIPP Project will generate an average of 10.3 million Megawatt hours (MWh) of electricity per year
UTM FLNG visits Tinubu on new gas plant, promises to crash prices
The facility also aims to leapfrog the national economy by producing an annual 1.5 million tonnes of Liquefied Natural Gas (LNG) for export as well as 300,000 LPG metric tonnes for domestic markets, aimed at lowering and stabilising prices of gas, while creating thousands of jobs and investment opportunities in Nigeria.
Anxiety as marketers predict six-month fuel scarcity, prices rise
The sole importer of the commodity – Nigerian National Petroleum Company Limited, has repeatedly complained of the enormous burden of shouldering fuel subsidy for the country.
Reps probe alleged loss of $2.4bn revenue from illegal sale of 48m barrels of crude oil
The alleged illegal sale reportedly led to a loss of $2.4 billion in revenue to the country.
Bauchi, Gombe fight over Kolmani oil and gas field
Officials and residents of the two states have also accused each other of attempting to appropriate the site which is said to contain one billion barrels of crude oil reserves and 500 billion standard cubic feet of gas.
Transparency issues becloud ‘one billion barrels’ oil discovery in North
Coming at a time when Nigeria’s crude oil reserves is retrogressing, standing at about 37 billion barrels for over 10 years, The Guardian could not find the details of the much talked about crude oil discovery at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as part of the country’s current crude oil reserves.
EU refineries prepare for life without Russian crude
The G7 countries announced an unspecified price cap on Russian oil shipments in early September as a kind of addendum to the decision to cut out Russian crude imports.
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.