Category: Oil & Gas
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.
Nigerians pay one of lowest prices for petrol —Report
Venezuela is the least on the list selling at $0.02 per litre.
Otedola congratulates Dangote on petrol production, says 25 years dream fulfilled
The refinery idea was conceived 25 years ago to transform the country’s energy landscape and liberate Nigerians from the economic dependence that has been holding the country back.
Dangote refinery presents first petrol sample
Refinery will meet the demands of not only Nigerians but also sub-Saharan Africa