Category: Oil & Gas
Nigeria’s oil-refining revamp gets off to a slow start
A year after shutting down all of its dilapidated refineries to figure out how to fix them, Nigeria still can’t say how much it will cost to do the work or where the money will come from.
FG to earn N7.9bn from 161 firms shortlisted for Marginal Field Bid Round
The Federal Government is estimated to generate a total revenue of N7.9bn from the 161 companies shortlisted to advance to the final stage of the marginal fields bid round launched seven months ago.
OPEC fails to agree on February oil production output
Members of the Organisation of Petroleum Exporting Countries (OPEC) and their allies, including Russia, yesterday failed to reach an agreement on production levels for February, with talks expected to continue today.
Dangote refinery, a potential game-changer —Platts Analytics
The Dangote refinery in Nigeria will be a “potential game-changer” once it comes online, according to a report by Platts Analytics.
NNPC’s gas handling facility begins operations, reduces flaring
The Nigerian National Petroleum Corporation (NNPC) through its flagship subsidiary, the Nigerian Petroleum Development Company, on Monday announced the commencement of operations at its integrated gas handling facility.
28th World Gas Conference reschedules to 23–27 May 2022
The IGU Council, in its November meeting, confirmed the decision to reschedule by one year following a risk assessment around the impact of the COVID-19 pandemic.
NNPC to generate N11tn revenue in 2021, $14bn industry spending
The Nigerian National Petroleum Corporation (NNPC) plans to generate N11.39tn revenue in 2021, while projecting an increase in oil and gas output and sales between 2021 and 2023.
Buhari commissions 5,000bpd Waltersmith modular refinery in Imo
President Muhammadu Buhari on Tuesday commissioned a 5,000-barrel per day Waltersmith modular refinery in Imo State, saying the advent of such refineries in the country will aid the availability of petroleum products and eliminate importation.
Crude oil in commercial quantity discovered in Benue Trough, says NNPC
The Nigerian National Petroleum Corporation (NNPC) on Thursday said the volume of crude oil discovered in Benue Trough was in commercial quantity.
We are driving growth of domestic gas market to power Nigerian economy —Seplat
SEPLAT Petroleum Development Company Plc, said it is driving the growth of the domestic gas market to power the economy particularly because of the energy shortfall in terms of electricity.