The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday achieved a much-needed consensus among critical oil and gas industry stakeholders and manufacturers to ramp up in-country production and utilisation of line pipes in oil and gas operations, as part of the strategy deepen local content, and conserve foreign exchange and create jobs. The Oil […]

The Nigeria Special Adviser to the President on Energy Olu Arowolo Verheijen has expressed the need for global energy stakeholders to form a holistic synergy towards a sustainable and acceptable path towards global energy future landscape Verheijen made this thought-provoking assertion during her detailed remarks at the final day of the just-concluded International Energy Week […]

NNPC Gas Marketing Ltd, a subsidiary of NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State. Under the terms of […]

The Managing Director of Tantita Security Surveillance Nigeria Ltd TSSNL, High Chief Kestin Pondi has reaffirmed the company’s commitment to working closely with the JTF to tackle crude oil theft and pipeline vandalism in the Niger Delta. High Chief Pondi made this assertion during the courtsy visit of Commander of the Joint Task Force Operation […]

Nigeria has joined the European Bank for Reconstruction and Development (EBRD), becoming its 77th shareholder. Nigeria submitted a request to join the Bank in April 2024 and the Board of Governors approved its membership in May of the same year. At the EBRD’s 2023 Annual Meeting in Samarkand, the Board of Governors approved an amendment to the Agreement […]

Olu Verheijen, special adviser on energy to President Bola Ahmed Tinubu of the Federal Republic of Nigeria, talks to The Energy Year about the country’s evolving energy policy and legal framework, how Nigeria is increasing its competitiveness in Africa and worldwide, and the effects of recent executive orders on the country’s energy sector. What impact […]

The Nigerian Content Development and Monitoring Board (NCDMB) and the African Petroleum Producers’ Organisation (APPO) have recommitted their partnership towards establishing African centres of excellence in local content development. Both organisations also encouraged African petroleum producing countries to develop specialised capacities in core oil and gas services, and patronise one another in their respective areas […]

… Partnership To Boost Nigeria, Africa’s Energy, Maritime Sectors The Nigerian National Petroleum Company (NNPC) Shipping, Stena Bulk, and Caverton Marine Limited have announced the signing of a new joint venture that will transform Nigerian maritime transportation. The agreement, signed in London last week, aims to create a new tanker operation serving Nigeria and West […]

Reuters – Trading houses Vitol and Glencore will receive $380 million in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas (LNG) producer for non-delivery of cargoes, court documents seen by Reuters showed. The case heard in London’s High Court and Court of Appeal […]

…Lauds Tinubu’s Reforms for Providing Fiscal Incentives to Investors The Group Chief Executive Officer of NNPC Ltd, Mele Kyari has said that the world recognizes Africa as the next destination of providing greater support to the global energy market, recognizing Nigeria’s position as the largest producer of oil and gas in the continent. Kyari disclosed […]