Category: Oil & Gas
NNPC plans to acquire stakes in six private refineries
The Nigerian National Petroleum Corporation (NNPC) on Monday said it is currently considering equity participation in some private refineries across the country.
Nigerian govt, Shell in talks over sale of oil assets
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the Federal Government is in talks with Shell over the planned sale of the company’s stakes in Nigeria’s onshore oil assets.
NNPC seeks investors to operate, maintain refineries
The Nigerian National Petroleum Corporation (NNPC) is soliciting expression of interest (EOI) from companies qualified to operate and maintain three state-owned oil refineries.
Cautious optimism as contractor takes over PH refinery for $1.5bn rehab
Stakeholders in the energy industry, on Thursday, called for cautious optimism and a public policy document as the Nigerian National Petroleum Corporation (NNPC) in Port Harcourt handed over the Port Harcourt Refinery to Tecnimont SPA for the commencement of the $1.5 billion rehabilitation project.
Seven countries account for two-thirds of global gas flaring —World Bank
According to satellite data compiled by the World Bank’s Global Gas Flaring Reduction Partnership (GGFR), seven countries account for two-thirds of global gas flaring.
Nigerian refineries idle for 19 months, record N177.21bn loss
In 19 straight months of not processing any barrel of crude oil, the government-owned refineries in Nigeria recorded a total loss of N177.21bn, the latest data from the Nigerian National Petroleum Corporation have shown.
‘Wärtsilä gas conversion project will accelerate Senegal’s move to cleaner energy production’
The technology group Wärtsilä will convert the close to 90 MW Bel-Air power plant in Dakar, Senegal to operate on liquefied natural gas (LNG). The plant, which is owned by Senelec, Senegal’s public utility company, currently operates on heavy fuel oil.
BUA, 27 others now have active refinery licences—DPR
The Department of Petroleum Resources said on Tuesday that 28 investors, including BUA Refinery & Petrochemicals Limited, have active refining licences.
NNPC signs deal with Tecnimont SpA to rehabilitate Port Harcourt refinery
The Nigerian National Petroleum Corporation (NNPC) has signed an Engineering, Procurement & Construction (EPC) contract with Tecnimont SpA, a subsidiary of Maire Tecnimont. The deal is for the rehabilitation of Port Harcourt Refining Company (PHRC).
‘Why we can’t continue subsidy’ —Kyari •Says PMS may sell for N234 per litre
The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says the company cannot continue to bear the subsidy burden.