In line with the Nigeria unequivocal objective, utmost aspiration and commitment in ramping up her crude oil production towards a robust economic infrastructural development, the Minister of State for Petroleum Dr. Heineken Lokpobiri has restated optimism towards the country’s efforts to increase her crude oil production level in 2024 drilling campaign reason. In a recent […]

Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country ChairTotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyerreconfirmed on Thursday that the company would take the final investment decision (FID) on the Ubeta gas project in 2024, while some other […]

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 […]