The Nigerian National Petroleum Company (NNPC) Limited (NNPC) has stated that it is not currently seeking a fresh $2 billion oil-for-cash loan deal, contrary to some reports. The report had claimed that the NNPC was eyeing a new $2 billion…
S&P Global: Dangote Refinery can Resolve Nigeria’s Forex Issues; Boost Economy
International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also…
Wien lauds FG’s divestment deals, calla for further approvals
A frontline gender equity advocate group in the energy sector, Women in Energy Network (WIEN), has expressed immense joy at the eventual approval of oil and gas asset divestment transactions by the Federal Government of Nigeria President of WIEN, Mrs…
Logistics Challenges, Flooding Cause of Fuel Queues …As NNPC, Stakeholders Vow To Restore Normalcy
The NNPC Ltd has stated that the fuel queues seen in the FCT and some parts of the country, were as a result of disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol, between Mother…
NNPCL plans 3 LNG stations, 100 CNG sites nationwide
Some of the 12 CNG stations commissioned simultaneously by Mr Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas) in Abuja and Lagos on Thursday The Nigerian National Petroleum Company (NNPC Ltd.) says the drive to bring Compressed Natural…
IPPG Congratulates FG on Nigeria Selection as Host of Africa Energy Bank Headquarters
The Independent Petroleum Producers Group (IPPG) extends its heartfelt congratulations to the Federal Government of Nigeria on the momentous occasion of Nigeria being selected as the host of the Headquarters of the African Energy Bank (AEB). This significant honour highlights…
Divestments: Indigenous Energy Companies Capable of Growing Nigeria’s Oil production -Seplat
Seplat Energy PLC, leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has that indigenous oil companies can grow Nigeria’s oil production. The company maintained that Nigeria’s sub-surface potentials could be largely optimized…
Frazenergy, Galileo Sign Investment Decision to Unlock $20 Billion Gas Infrastructure
FrazEnergy Ltd (a subsidiary of Oilserv) and Galileo Technologies, yesterday signed a Final Investment Decision (FID) to unlock the over $20 billion gas infrastructure deficit in the country. The milestone, according to FrazEnergy, is in line with President Bola Tinubu’s…
Nigeria to host African Energy Bank
Nigeria has been granted the hosting right for the African Energy Bank (AEB), after beating Ghana, Benin Republic, Algeria, South Africa and Cote D’Ivoire in a keenly contested bidding. Sen. Heineken Lokpobiri, the Minister of State, Petroleum Resources (Oil), told…
Deep water project: TotalEnergies advocates good fiscal incentives, competition to reduce costs
……As deep water segment in Nigeria stuck for 10 years In a bid to move the deep water projects of the Nigerian oil and gas sector forward, Country Chairman and Chief Executive Officer of TotalEnergies EP Nigeria Limited, Mr. Mathieu…
