The $550 million upstream gas project between the NNPC Ltd. and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC. The […]

The NNPC Ltd has in its recent press release estimated the various prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. In furtherance to the above, NNPC Ltd also stated that this is in line with the provisions of the Petroleum Industry […]

NNPC Ltd. trucks are currently arriving at the Dangote Refinery in preparation for the scheduled petrol loading which is expected to commence on Sunday, September 15, 2024. This has corroborated the insinuation that the product will soon flood the domestic filling stations. According to information made available on its X social media handle, at least […]

A Nigeria based drilling contractor Shelf, has announced the award of two new jack-up rigs contracts in West Africa. According to Shelf Drilling, the contracts are secured for the Shelf Drilling Mentor covering 10 wells and an estimated duration of 450 days in direct continuation of the rig’s current campaign in Nigeria with a contract […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA), 2021. Speaking on TVC News’ “Journalists’ Hangout” show […]

As part of efforts to boost the participation of indigenous firms in the gas sector, Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo today paid a visit to LEE Engineering and Construction Company Ltd ultra modern state-of-the-art fabrication yard in Warri, Delta State. Rt. Hon. Ekperikpe Ekpo made this disclosure through his official […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is strengthening its partnership with USAID Power Africa to advance energy transition and environmental decarbonization efforts. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, welcomed a delegation from USAID Power Africa to the NUPRC headquarters in Jabi, Abuja. During the high-level meeting, Engr. […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a strategic partnership with an Argentinian Tech Company, Galileo towards reduction of Gas flaring within the Nigerian Oil and Gas Industry. The collaboration aims to leverage on innovative modular technology to support the Nigerian Gas Flare Commercialization Program (NGFCP). Accompanied by the Argentinian Charge’ d’ Affairs […]

The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday constituted a Joint Working Team (JWT) with the Gas Aggregator Company Nigeria (GACN) Limited on gas utilization and commercialization. Speaking at the inauguration at the Board’s liaison office in Abuja, the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe, acknowledged the correlation between the mandates of […]

FrazEnergy Limited a subsidiary of Oilserv Limited a pipeline infrastructural development company has announced its partnership with Galileo Technologies of Argentina to build a gas processing plant in Kwale Delta State Nigeria. With this unprecedented investment stride, FrazEnergy is expected to unlock about 5mmscf natural gas into the Nigeria market through their plan This massive […]