Category: Oil & Gas
Europe’s gas security strategy may not be 2024 ready
The market itself has done a lot of the work in guaranteeing its own security of supply,” he added
FG to tackle petrol supply challenges through modular refineries — Minister
Lokpobiri noted that the shortest way to tackle the issues of short supply of PMS is ensuring effective refineries.
Nigeria grapples with oil theft surge
Oil theft has resulted in the declaration of force majeure at the Bonny Oil & Gas Terminal and the shutting-in of various wells from fields that connect to the Nembe Creek Trunk Line and the Trans Niger Pipeline.
Refinery delays contribute to Abuja’s fuel challenge
Pavlov noted that plenty of Nigerian crude is already contracted under term agreements, so questioned how Dangote will be able to secure enough feedstock.
Local refining can’t reduce petrol to N200/litre —MOMAN
Until our nation-owned refineries are functional, fuel prices will keep increasing due to international variables. But when our refineries are functional, Nigerians will buy fuel less than N200 per litre.
Global policymakers to deliver real progress towards the energy transition at Gastech 2023
Gastech 2023 will provide a timely opportunity for the global energy community to deliver real progress towards energy affordability, security, and stability
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.