Category: Oil & Gas
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.
Nigeria loses N1.22tn to deficit oil production —Reports
Nigeria was unable to produce about 22.658 million barrels of crude oil valued at N1.22tn in the first quarter of this year due to its persistent inability to meet the crude oil production quota approved for the country by the Organisation of Petroleum Exporting Countries.
Oil production: Nigeria leads Q1 shortfall, World Bank cites sabotage
According to the bank, Nigeria has a shortfall of 500,000 barrels per day, while Angola and Russia both have a shortfall of 300,000 barrels per day.
ION awarded five-year contract with Brunei Shell Petroleum for a digital solution to manage Marine Logistics
The solution will be delivered utilizing the MarlinTM software suite and will include vessel monitoring, berth management, and visual reporting tools for material supply workflows.
Oil theft affecting govt finances, naira stability —Mike Obadan
The Central Bank of Nigeria disclosed this in a report by a member of the Monetary Policy Committee, Prof. Mike Obadan, who dealt with the topic ‘Is derugulation the solution to the forex / exchange rate problem?’
We don’t know exact daily petrol consumption —FG
As a country, we still cannot tell the exact volume of Premium Motor Spirit, popularly called petrol, which we consume on a daily basis, the Federal Government has said.
FG advocates for a multi-track energy transition programme
Sylva said Nigeria will remain at the vanguard of the crusade for a multifaceted energy transition timetable that will attract more investments for Africa while taking cognisance of the current global energy transition in the direction of renewable energy.
High price of diesel
Today, it is dispensed at about N720-N730 per litre. This is a dilemma for Nigerian manufacturers who had hitherto been operating under a most inclement business climate. Indeed, this is the essence of the manufacturers’ plea to government for help.