The Petroleum Technology Association of Nigeria (PETAN) marked its 30th anniversary with a grand celebration, honoring distinguished individuals, organizations, and supporters who have contributed to the association’s growth and the advancement of local content in Nigeria’s oil and gas sector.…
Oriental Energy Resources Inaugurates $315 Million FPSO – Signifying Landmark Achievement for Nigeria’s Energy Industry
Nigeria’s energy sector has reached a new milestone with the inauguration of a $315 million Floating Production Storage and Offloading (FPSO) vessel. The inauguration, which took place at Drydocks World in Dubai, was attended by Vice President Kashim Shettima, who…
UK Issues First-Ever Carbon Storage Permit
The UK government has issued the country’s first-ever carbon storage permit to a group led by BP, the North Sea Transition Authority (NSTA) said on Tuesday. The permit was issued to the Northern Endurance Partnership (NEP), which comprises BP (45%),…
TotalEnergies completes acquisition of Malaysia’s SapuraOMV
TotalEnergies said on Tuesday it has finalised its acquisition of Malaysia’s SapuraOMV, first announced earlier this year. In April, the company unveiled a USD 530-million agreement with Sapura Upstream Assets to acquire its 50% stake in SapuraOMV. The deal follows…
NMDPRA To Review 0.5% Gas Infrastructure Fund for PIA Compliance Amid Stakeholder Concerns
* To Halt Gas Supply To GENCOS Over N2trillion Debt The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced plans to reassess the 0.5% levy associated with the Midstream Downstream Gas Infrastructure Fund (MDGIF) to ensure compliance with…
Chappal Energies Completes Acquisition of Equinor’s Nigerian Assets for $1.2B.
Chappal Energies, an African Energy company has formally taken over the Nigerian assets of Equinor’s Nigerian assets, competing the acquisition process which had been on for quite a while. The deal, which was previously agreed to and announced in November…
CNG Vehicle Conversion Centers in Nigeria now 158, Up from Just 7 in 2023 – Pi-CNG
Iroghama Ogbeifun, Chief Executive Officer , Starz Investment Company Ltd and Engr. Tari Mayor-Bright, Sovereign & Subnational Coordinator of Pi-CNG during the panel discussion themed “From Policy to Practice: Strengthening Domestication for Economic Development” at the 13th Practical Nigerian Content…
NNPC Insists Port-Harcourt Refinery Fully Operational – Invites Skeptics for Facility Tour
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mele Kyari has confidently assured Nigerians that the Old Port Harcourt Refinery is fully operational and actively involved in loading operations. Kyari made this statement during…
PNC2024: Chevron Is Committed to Nigerian Content, with Annual $1 Billion Investment on Local Suppliers in Last 10years – Jim Swartz
Jim Swartz, Chairman and Managing Director of Chevron Nigeria Ltd and Chevron Mid-Africa Business Unit Chevron Nigeria Ltd (CNL) has reaffirmed its commitment to Nigerian content development, stating that over the last 10years, the oil major has invested an estimated…
Gas Dealers Advise Customers to Monitor Refills
The Liquefied Petroleum Gas Retailers Association of Nigeria has called on consumers to actively monitor their gas refills and described allegations of underfilling as unfounded. The association was responding to a report published in November which alleged widespread underfilling by…
