Category: Oil & Gas
Why NNPC may not lift petrol from Dangote Refinery on Sunday
“Dangote has not briefed us nor has the committee set up by the Federal Government reverted to us on what had been agreed.
Experts advocate sustained oil, gas production with emissions-cutting measures
Habib opined that oil and gas would remain key drivers of the global economy for at least the next 50 years.
Lokpobiri hails Oando’s $783m acquisition of NAOC
Lokpobiri praised the company’s foresight in reshaping the industry’s narrative, where Nigerian companies were now competing with international oil companies, IOCs.
CNOOC Limited announces another major breakthrough in ultra-deepwater natural gas exploration
The success of this well has, for the first time, revealed the enormous potential of carbonate rocks in China’s ultra-deep waters.
NNPC Ltd/Chevron JV concludes conversion of assets into PIA terms
The PIA terms are generally perceived as more investor-friendly, compared to the erstwhile PPTA terms.
Nigeria licenses first floating LNG plant for export and domestic use
Nigeria has more than 209 trillion cubic feet of gas reserves but loses over $1 billion in annual revenue due to gas flaring, government estimates show.
NNPC conditions: Dangote refinery may dump local market, export petrol
The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel unless it was cheaper than that of the international market.
Petrol prices are determined by free market forces, says NNPCL
The scarcity should ease in the next few days as more stations recalibrate and begin operations.
Shell, Turkey sign 10-year LNG supply deal in regional gas hub push
The contract includes an option for the gas to be delivered to European terminals outside Turkey, Bayraktar said, adding that it will give Botas “critical capabilities” in LNG shipping.
Nigeria, China sign nuclear energy pact
President Tinubu toured the Huawei Research lab, securing a commitment from the tech giant to establish a joint solar PV test lab in Nigeria.