Afreximbank has announced an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility as sponsored by the Nigerian National Petroleum Company Limited. The participation of global, international and regional syndication firms is a further testament to the lending market’s appetite for financing sponsored by NNPCL and signifies solid market confidence […]

Nigerian owned Africa largest Refinery, The Dangote oil refinery has announced on January 12, 2024 the resumption of crude oil refining operation of the Plant. According to information as disclosed by the company via its X handle formerly Twitter that the Refinery Plant has begun production of diesel and aviation fuel. “Dangote Petroleum Refinery has […]

Seplat Energy has announced that the ANOH gas plant installation works have reached mechanical completion as planned. The company through its lastest media disclosure attributed this as a milestone achievement for the company According to the company, the ANOH gas plant installation works reached mechanical completion without a single recordable Lost Time Incident, LTI, across 11 […]

A Nigerian-based firm Riverside LNG has recently disclosed that the company is in advance talk to supply gas to South Africa based firm Johannes Schuetze Energy Import AG of Germany. The gas pact deal is believed to be a first of its kind between the two countries. The company is also exploring opportunities in Liberia […]

……$500m Deal Signed In Beijing Bergen Engines, formerly Rolls-Royce Bergen Engines, has signed an agreement with CGGC-UNPOWER, the Chinese infrastructure provider, to supply 80 of its largest engines fitted with Marelli Motori alternators to Malatex, the Nigerian power company. Phase one of the project – 200MW of power, provided by 16 Bergen B36:45V20AG gas-fired 12.5MW […]

…Achieves Mechanical Completion, Flare Start-up of Refinery’s Area 5 Plant The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC). Rehabilitation work has been ongoing at the Refinery for over two years and the NNPC […]

An $11 billion damages bill against Nigeria for a collapsed gas processing project which was procured by bribery has been thrown out by London’s High Court Reuters has reported. The West African country was on the hook for the sum – representing around a third of its foreign exchange reserves – after a little-known British […]

The Federal Government through the Nigerian Content Development and Monitoring Board (NCDMB) on Thursday marked a breakthrough in the research and development landscape of the Nigerian oil and gas industry with the commissioning of Amal Technologies Gas Leak Detection Device and Printed Circuit Board Manufacturing Facilityat Idu, Abuja. The commissioning was performed by the Minister […]

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection technology known as Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in all its upstream operations.  With the agreement, which is a direct benefit from the Company’s participation at the […]

The Federal Government of Nigeria through the Ministry of Petroleum Resources will on December 21, 2023 commission the Amal Technology’s production facility for Gas Leak Detection Device and Printed Circuit Board, at Idu, Abuja, Nigeria. The homegrown innovation was initiated by Amal Technologies Limited and supported by the Nigerian Content Development and Monitoring Board (NCDMB) […]