The Gas Supply and Purchase Agreement (GSPA) to support the Final Investment Decision (FID) for the Brass Methanol Project is to be executed by May, 2024. Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo announced this after a meeting held with key stakeholders of the project in his NNPC Towers Abuja office. A […]

𝐍𝐂𝐃𝐌𝐁 𝐑𝐞𝐜𝐞𝐢𝐯𝐞𝐬 $𝟏𝐦 𝐑𝐞𝐭𝐮𝐫𝐧 𝐨𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐟𝐫𝐨𝐦 𝐍E𝐃𝐎𝐆𝐀𝐒 𝑻𝒉𝒆 𝑵𝒊𝒈𝒆𝒓𝒊𝒂𝒏 𝑪𝒐𝒏𝒕𝒆𝒏𝒕 𝑫𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝒂𝒏𝒅 𝑴𝒐𝒏𝒊𝒕𝒐𝒓𝒊𝒏𝒈 𝑩𝒐𝒂𝒓𝒅 (𝑵𝑪𝑫𝑴𝑩) 𝒐𝒏 𝑴𝒐𝒏𝒅𝒂𝒚 𝒓𝒆𝒄𝒆𝒊𝒗𝒆𝒅 𝒂 𝒄𝒉𝒆𝒒𝒖𝒆 𝒐𝒇 $1 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒇𝒓𝒐𝒎 𝑵𝒆𝒅𝒐𝒈𝒂𝒔 𝑫𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝑪𝒐𝒎𝒑𝒂𝒏𝒚 𝑳𝒊𝒎𝒊𝒕𝒆𝒅 (𝑵𝑫𝑪𝑳), 𝒃𝒆𝒊𝒏𝒈 𝒑𝒂𝒓𝒕 𝒐𝒇 𝒕𝒉𝒆 𝒓𝒆𝒕𝒖𝒓𝒏 𝒐𝒏 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 (𝑹𝑶𝑰) 𝒐𝒏 𝒐𝒏𝒆 𝒐𝒇 𝒕𝒉𝒆 𝑩𝒐𝒂𝒓𝒅’𝒔 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒄 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕𝒔. The cheque was presented by the Chairman of the company, […]

The Nigerian business morgue and African richest man Aliko Dangote has reiterated the ability of his refinery to pull down the present high cost of diesel also know as Automotive Gasoline Oil (AGO) in Nigeria which its resultant effect will bring succor to present inflation woes beig experience in the country. The chairman of Dangote […]

The latest figures on Nigeria’s crude Oil and Gas reserves have been released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The Commission’s Chief Executive, Engr Gbenga Komolafe, gave the breakdown on recently during a press briefing at the Commission’s Headquarters in Abuja, Nigeria Engr Komolafe revealed that as of January 1, 2024, the combined […]

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has deployed an Uncrewed Surface Vessel (USV) for a pipeline route survey in the Niger Delta. The USV innovation saves time and cost and reduces exposure to personnel and the environment. The remotely operated USV conducted a pipeline route survey at Bonny for a total of […]

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fueling economic growth and industrial development in Nigeria. Kyari, who was speaking at the public presentation of the book “The Rise of Gas: From Gaslink to the Decade […]

Following the Executive Order by President Bola Ahmed Tinubu GCFR, the Honourable Minister of State for Petroleum Resources (Oil) and the Honourable Minister of State for Petroleum Resources (Gas) will be delivering the Ministerial Addresses at the 23rd annual NOG Energy Week 2024 to shed light on the government’s strategies for strengthening Nigeria’s energy sector. […]

ADM Energy PLC a natural resources investing company has provided the following update with respect to the internal technical review of its 12.3% cost share and 9.2% profit share interest in OML-113, Aje Field, offshore Nigeria, announced 1 December 2023. Aje Field Internal Technical Review Since the announcement dated 1 December 2023, “Internal Review of […]

The Nigerian National Petroleum Company Retail Limited a petroleum distribution and retailing downstream arm of NNPCL Group has signed a strategic partnership agreement with Azikel Petroleum Limited in the area Petroleum Products Sales and Purchase Agreement. The ground breaking ceremony is an healthy development for the downstream sector of the Nigerian oil and gas industry […]

The resilient pursuit by the Nigerian Security and Civil Defence Corps in safeguarding the critical infrastructures of the Nigerian state especial the oil and gas infrastructures has continued to yield major milestones. According to the disclosure made by the Corp’s Commandant General’s Special Intelligence Squad in Rivers State, Superintendent Olufemi Ayodele, the NSCDC has exposed […]