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…
Africa Needs $200bn Annually to Achieve Energy and Climate Goals – NLNG MD
The Managing Director of the Nigeria Liquified Natural Gas Ltd (NLNG), Philip Mshelbila has highlighted Africa’s need for a minimum of $200 Billion in annual investments to meet its energy and climate goals. The NLNG Boss, who spoke at a…
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…
Chevron Nigeria Wins Award for Energy Company of the Year for Environmental Sustainability and CSR
Chevron Nigeria Limited (CNL), on Friday Dec. 6, 2024, received an award as “Energy company of the year for its Environmental Sustainability and Corporate Responsibility accomplishments. The award presented by the Nigerian News Direct newspaper, was received by Mr Victor…
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…
NCDMB Unveils Updated Contracting Cycle Guidelines Amid Calls for Review of Gas Investment Requirements
The Nigerian Content Development and Monitoring Board (NCDMB) has introduced updated contracting cycle guidelines to streamline operations in Nigeria’s oil and gas sector. Engr. Abayomi Bamidele, Director of Project Certification and Authorisation at NCDMB, announced the development during a panel…
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…
