News and Updates

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has commended the significant Nigerian Content strides achieved in the Nigeria LNG Limited (NLNG) Train 7 Project. Speaking during a visit to the NLNG six-train plant, Train 7 Project construction site, and the NLNG Shipping and Marine Services Limited […]

Energy experts have called for a concerted efforts to cut greenhouse emissions but highlighted that reducing emissions does not necessitate abandoning oil and gas but rather requires the adoption of cleaner technologies and sustainable practices. The experts disclosed this at webinar titled “Transitioning Away from Emissions, not Oil and Gas,” organized by the Nigerian Institution

America and Asia have remained key importers of Nigeria Dangote refinery’s low sulphur straight run (LSSR) fuel oil exports in 2024 so far. However, trade sources expect volumes to lessen or hold mainly steady for the remainder of the year. The LSSR exports from the newly-commissioned refinery can help to alleviate supply tightness in Asia,

The Nigeria National Petroleum Company Limited, NNPC Ltd, is set to ensure sustained production and enhance refining quality at its Warri and Kaduna plants. The global energy player will also be adopting new maintenance and compliance measures, as well as deploying cutting-edge technology solutions. These, according to the Chief Corporate Communications Officer, CCCO, of NNPC

The Nigerian government has revealed that it will commence selling crude oil to the Dangote Refinery in naira starting from October 1, 2024. This decision was made known by Wale Edun, the minister of finance, during a meeting with the Implementation Committee in Abuja on Monday. The announcement was made via a post on the

Africa plays a crucial role in the global oil market, with the continent holding a significant portion of the world’s proven oil reserves. Africa’s oil reserves represent approximately 7.5% of the global total, serving as an essential energy source for both the continent and international markets. The oil industry is a key component of economic

President Bola Tinubu has introduced cost-saving measures, including unveiling a Climate Accountability and Transparency Portal, to enhance Nigeria’s participation in the upcoming UN Climate Change Conference (COP 29) and save Nigeria nearly N10 billion. The 29th UN Climate Change Conference (COP 29) will be held in Baku, Azerbaijan from November 11 – 22, 2024. Ajuri

The jump in spending on deal making and expanding reserves marks a shift in strategy following a years-long focus on shareholder returns over growth, which many firms had employed Dealmaking activity in the oil and gas industry increased 57 per cent last year as energy companies boosted development spending, driven by higher cash flows from

To advance the Presidential directive for crude oil sales in naira, aimed at boosting Nigeria’s economic growth and development, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, chaired a pivotal meeting yesterday in Abuja with the implementation committee on crude oil sales in naira. The meeting focused on expediting the

Nigeria’s deal with Equatorial Guinea encompasses various aspects of the pipeline’s development. Nigeria and Equatorial Guinea have signed an agreement to build and operate a gas pipeline, reported Reuters, citing Nigerian presidential spokesperson Ajuri Ngelale. Leading Guide to Pipeline Systems for the Offshore IndustryThe document includes detailed information on the manufacturers and suppliers and their