Savannah Energy  has said that Accugas, the Company’s 80% indirectly owned subsidiary, has commenced gas sales to Central Horizon Gas Company Limited (CHGC), a subsidiary of Axxela, and a major gas distribution company situated in the South-South region of Nigeria. In February 2022, Savannah signed an interruptible gas sales agreement (GSA) with CHGC to supply […]

H.E. Chief Timipre Sylva, Minister of State for Petroleum Resources of Nigeria, provided insights into the latest across the country’s oil and gas sector during an exclusive roundtable interview organized and hosted by the African Energy Chamber on June 24, 2022. Oil production in Nigeria has been on the decline recently. What are the main constraints […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rejuvenated the fate of winners of the 2020 marginal field bid exercise as awardees are expected to commence production before the end of this June. Gbenga Komolafe, chief executive officer (CEO) of NUPRC, had recently disclosed that the agency is targeting June for marginal field awardees to […]

The federal government is targeting to add 800,000 barrels to Nigeria’s daily oil production from some important upstream projects being executed by Shell, TotalEnergies, and other oil companies, which had stalled due to funding and other reasons. Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, disclosed this in Abuja at the 2022 […]

In  February 2021, The unprecedented journey started with issuance of License to Establish (LTE) by Department of Petroleum Resources (DPR). The birth of a new dawn has come in history of Nigeria energy sector-The first ever Floating Liquefied Natural Gas (FLNG) production plant in Nigeria to be operated by UTM Offshore Limited, an indigenous oil […]

The establishment of Nigerian Content Development and Monitoring Board (NCDMB) and the Act establishing it Nigerian Oil and Gas Industry Content Development (NOGICD) Act  by the Former President Goodluck Ebele Jonathan is truly transforming the oil, gas and energy sector of Nigerian economy, particularly rippled developmental  infrastructure it has brought to the host communities. The present […]

Temile Development Company has sealed a contract signing agreement with Hyundai Mipo Dockyard (HMD) for the construction of a new 23,000 cubic meters Liquefied Petroleum Gas Carrier Vessel.  This was followed by  a separate signing agreement with NSML an integrated maritime services subsidiary of Nigeria LNG Limited for the construction supervision of the vessel. The […]

A consortium of three exploration and production companies; Falcon Corporation, ND Western Midstream Limited & FHN Gas Limited, has  recently in Lagos, Nigeria signed a Natural Gas distribution infrastructure network contract with the Lagos Free Zone (LFZ). The gas supply agreement is worth $25 million and the contract term is to develop, own and operate […]

Decklar Resources  has announced the initial successful shipments of crude oil via trucks from the Oza Oil Field to the Umugini Pipeline Infrastructure Limited (UPIL) crude handling facilities. Decklar and its co-venturer Millenium Oil & Gas have successfully trucked approximately 4,000 barrels of crude oil from storage tanks at the Oza Oil Field to the […]

TotalEnergies, French multinational oil and gas giant, has formally launched the sale of its 10% stake in its Nigerian joint venture with Nigerian National Petroleum Company (NNPC) Limited, Shell Petroleum Development Company (SDPC) and Eni. This development is coming at the wake of the company celebration of its 60 years presence in the Nigeria. The […]