UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development. The request was made on Wednesday at the Nigerian Content Tower in Yenagoa, Bayelsa State […]

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, announces that it has signed separate Share Purchase Agreements (SPAs) with Sinopec International Petroleum Exploration and Production Corporation (SIPC) and Jagal Ventures Limited (Jagal) to acquire 100% of the outstanding share capital of Sinopec International Petroleum Exploration and Production Company […]

The Independent Petroleum Producers Group (IPPG) wholeheartedly endorses the recent Executive Orders signed by President Bola Ahmed Tinubu GCFR, aimed at revitalizing investment in Nigeria’s oil and gas sector and positioning the nation as Africa’s premier investment destination within the energy sector. In a statement signed on behalf of the IPPG by its Chairman, Abdulrazaq […]

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbeon has applauded President Bola Ahmed Tinubu, GCFR, for announcing three Presidential Executive Orders directed at incentivizing the Nigerian oil and gas industry, encouraging new investments in the sector, reducing contracting costsand timelines, and promoting cost efficiency in local content […]

Production at OML18 has improved since last year’s difficulties with the Nembe Creek Trunk Line (NCTL) and production recently has been in the region of 10,000 barrels of oil per day (bopd) alongside gas production.  Should the Refinancing complete and the Company makes its planned investments in ELI, the Alternative Crude Oil Evacuation System’s (ACOES) […]

The Nigerian Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has recently hosted top officials of Shanghai Huayi Energy Chemical Company Group of China (HUAYI) and China Road and Bridge Corporation in his office. The visit of Chinese to the nation’s Petroleum Minister of Gas as was disclosed in his X handle, was […]

President Bola Tinubu has on Wednesday 6, 2024 signed executive orders introducing tax credits for some onshore and shallow-water locations and streamlining contract approvals, the government said in a statement on X. The measures also include some local-content requirements Bloomberg has reported. Nigeria is already Africa’s largest oil producer and a member of the Organization […]

Oil and gas industry stakeholders and leading academics on Tuesday began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU), Amassoma, with special focus on needs-driven research and deepening of collaboration and linkages, sponsored by the Nigerian Content Development and Monitoring Board (NCDMB). The workshop provides a forum for discussions […]

Nigeria LNG Limited (NLNG), has called for increased consumer awareness, especially in rural areas, on the use of Liquefied Petroleum Gas (LPG) to drive up utilisation and reduce associated risks from using biomass for cooking. Speaking at the 7th Nigeria International Energy Summit (NIES) 2024, Mrs. Fatima Adanan, NLNG’s General Manager, Finance, underscored the need […]

 Nigeria LNG Limited (NLNG) has called on players in the Nigerian energy industry to draw insights from NLNG’s ongoing integration of digital technologies to improve operational efficiency, reduce emissions, increase revenue and remain competitive as it deals with rapid global changes and energy transition.  During a panel discussion themed “Digital Transformation and Sustainable Energy Solutions […]