General Electric Company GE recently announced that it has completed the gas turbine rehabilitation project at Niger Delta Power Holding Company’s (“NDPHC”) three power plants located in Nigeria. Financial terms of the deal were kept under wraps. NDPHC is the major producer of electricity in Nigeria, with an overall installed capacity of 4.0-gigawatt. Currently, the company […]

The Nigeria NNPC Group announced that it signed off on agreements for monetization of Oil Mining Lease (OML) 143 with Sterling Global. The agreement will give Sterling Global the licences to begin production and trade from findings early even at the exploration stage. Sterling Global was accused of an illegal mining operation in 2019. The […]

Nigeria’s long-awaited oil reform bill would privatise the Nigerian National Petroleum Company (NNPC), amend changes to deepwater royalties made late last year and scrap key regulatory agencies in favour of new bodies, a copy of the bill seen by Reuters showed. President Muhammadu Buhari has sent the bill to the Senate, two sources told Reuters. […]

Nigeria LNG (NLNG) has selected Siemens Energy to provide a cryogenic boil-off gas (BOG) compression train for its Bonny Island liquefaction plant in Finima, Nigeria, Siemens reported according to Rigzone.. “With more than 20 years of safe and reliable production, the NLNG Bonny Island plant is a staple facility in the global LNG industry,” remarked […]

PGS a global survey firm, providing seismic images and 3D data describing the subsurface beneath the ocean floor that oil companies rely on to find oil and gas reserves worldwide has announced that More than 3 500 sq. km of new PGS broadband reprocessed MultiClient data is now available in the West Niger Delta Basin, […]

The Department of Petroleum Resources has said more investors are showing interest in establishing modular refineries in the country following the deregulation of petrol. The Director, DPR, Mr Sarki Auwalu, was quoted in a statement he made recently, disclosing that an additional seven modular refineries were already at various levels of completion. “By 2022, Nigeria […]

The Nigeria Petroleum Regulatory body Department of Petroleum Resources (DPR), has said it will continue to use its regulatory instruments to enhance revenue collection for the Federal Government. These instruments, via which the Department as a revenue collection agency of government has remitted $1.03billion to Federation Account from oil and gas royalties and legacy debts […]

The establishment of another modular refinery in Edo state of Nigeria is expected to increase crude oil production from 6,000 barrels per day (bpd) to 60,000 bpd. The project is being developed by two Chinese firms; AIPCC Energy Limited, Peiyang Chemical Equipment Company Limited (PCC). and African Infrastructure Partners Limited In preparation for the commencement […]

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and expected to […]

The Nigeria Government has applauded Waltersmith Petroman Oil Limited and the Nigerian Content Development and Monitoring Board (NCDMB) for their effective partnership that led to the record completion of the Waltersmith 5000 barrels per day modular refinery within two years.  The Honourable Minister of Information and Culture, Chief Lai Mohammed conveyed the  commendation on recently after touring the project facilities  at Ibigwe, Imo State, Nigeria in the company of the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote.  The construction of the 5000bpd modular refinery was […]