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Oil And Gas
Get the latest news in the Oil and Gas industry from Nigeria and across Africa.
Our coverage includes exploration, production, drilling, oil and gas companies, training and more.
CBN Introduces Framework for Financing National Mass Metering Programme
Nigeria’s apex bank, Central Bank of Nigeria (CBN) has rolled out a framework for financing the National Mass Metering Programme (NMMP) recently implemented by the federal government.
The framework is expected to close the metering gap…
Senate Receives Buhari’s Request to Confirm NERC Nominees, Others
The Senate on Tuesday at plenary received a request from President Muhammadu Buhari for the confirmation of Mr Sanusi Garba as Executive Chairman of the Nigeria Electricity Regulatory Commission (NERC).
Also to be confirmed are: Dr…
NCDMB, PETAN, OPTS, Others Oppose Hike in Content Fund, Commission Bill
The Nigerian Content Development and Monitoring Board (NCDMB) and key organisations in the oil and gas industry have advised against the proposed hike in the percentage of the Nigerian Content Development Fund (NCDF) from the current one…
SPDC Distances Itself from Leadership Crisis at its EA Host Community in Bayelsa
The Shell Petroleum Development Company of Nigeria (SPDC), on Monday said it did not interfere with the selection of community representatives on Cluster Development Boards (CDBs) that administer its community development funds.
…
FG is Boosting Non-Oil Export to Broaden Economic Diversification – Katagum
The Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, has said that the Federal Government is taking steps toward boosting non-oil sector to broaden the scope of its economic diversification programme.
She…
339 companies Bid for 2020/21 Crude Oil Sales Contract – Kyari
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari has disclosed that no fewer than 339 companies are bidding for the 2020/21 sales and purchase of the Nigerian crude oil grades.
Kyari said…
Shell’s Plant to Power Aba Commercial Hub
Shell Nigeria Gas (SNG) has commenced City Gate Gas Plant, Aba, a facility of 10 million standard cubic feet of gas per day (mmscfd) allowing to 30mmscfd equivalent with 40 megawatts (MW) gas-to-power electricity generation capacity.
…
NIPCO Commissions 8 CNG Filling Stations in Strategic Locations
…To build more infrastructure for auto gas conversion. The Nigerian Independent Petroleum Company, (NIPCO), pioneering gas-powered automobiles as viable alternatives to white products, has so far fitted about…
REA Flaunts Score Card, Worries Over Scrapping Proposal
…Says Nigeria Needs Private Funding to Close $2.5bn Electricity GapThe Executive Director, Rural Electrification Fund (REF) at the Rural Electrification Agency (REA), Dr Sanusi Ohiare, has said that it is quite…
Nigeria: Oil Production Fell by 1.74mbd in September – OPEC
Crude oil production in Nigeria dropped by 1.74 million barrels in September, figures from the just released oil market report of the Organisation of Petroleum Exporting Countries (OPEC) showed in a recent report.
In the OPEC report,…
Deregulation Will Make Nigeria Become Refining Hub – MOMAN
The full deregulation of the downstream sector of the Nigerian oil and gas industry stands to make Nigeria to become a refining hub in Africa, the Chairman, Major Oil Marketers Association of Nigeria, MOMAN, Tunji Oyebanji has said.
…
Otedola Bridge explosion: NNPC commiserates with victims, Lagos Govt
The Nigerian National Petroleum Corporation has commiserated with the Lagos State Government and victims of the tanker explosion which occurred on the Otedola Bridge in the early hours of Saturday, Oct. 17, 2020.
The Group Managing…
Shell Subsidiary Firm Begins Gas, Power Plant Project in Aba Cluster
Shell Nigeria Gas Limited (SNG), a subsidiary of Royal Dutch Shell, has commenced the construction of a 40 megawatts power and gas plant to service the Aba business clusters.
Mr Ed Udobong, SNG’s Managing Director, said this in a…
NNPC, GACN, Stakeholders Dialogue on Gas Revolution in South East
Nigerian National Petroleum Corporation (NNPC), Gas Aggregation Company of Nigeria (GACN) and oil and gas stakeholders have spoken of plans to harness gas resources to the advantage of Eastern Nigeria.
Over 300 stakeholders gathered in…
Africa Energy Gets Shareholder Approval for 10% Interest in Total S/Africa
Africa Energy has received approval from shareholders for a transaction which will see the company increase its interest in the Total-operated Block 11B/12B, located offshore South Africa, from 4.9% to 10%.
Offshire Energy said last…
Ijaw Elders Consider Legal Action against FG Over Marginal Field Bid Round
A group, Ijaw Elders Forum, has issued a notice of intention to challenge in court the bidding process or marginal field rounds, and seek appropriate redress.
This follows what they described as failure of the federal government to…
NNPC Denies Reports of Bribe to NANS, Funding Vote-Buying in Ondo
….Considers Legal Redress against Saharareporters, NairalandNigerian National Petroleum Corporation (NNPC) has refuted reports in a section of the media alleging that it paid bribe to the National Association of Nigerian Students…
Lagos Moves Against Illegal Gas, Petrol Stations in Residential Locations
The Lagos State Government is sealing off all petrol filling stations considered to be illegal, ie those cited in densely populated residential areas across the state.
The statement by the Ministry of Physical Planning and Urban…
Waltersmith 5,000bpd Modular Refinery in Imo State for Commissioning Oct 26
The 5,000bpd modular refinery located in Imo state is scheduled for official commissioning on October 26, 2020, with products truck-out beginning immediately, having concluded off-take arrangements with select firms.
The refinery will…
AKK Gas Pipeline to Stimulate Gas Projects in Northern Nigeria – Expert
The Managing Director of Clarke Energy, M. Yiannis Tsantilas, has predicted that gas projects like the Ajaokuta–Kaduna–Kano (AKK) pipeline, will spur interest and boosts needed to expand industries in the northern Nigeria.
He told…