News and Updates

Egypt’s petroleum and mineral resources minister, Tarek El Molla, has said that his country will set out its national low-carbon energy strategy in the coming weeks to adapt to technology advances and global geopolitical circumstances. “Time evolves and technology advances and with the challenges that happened over the last few years, especially after the Russia-Ukraine […]

The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, has said that Government is prioritizing promoting gas-based industries such as fertilizers, petrochemicals, and methanol not only to diversify the economy but also to create significant employment opportunities. The Minister stated this at the 23rd Annual Nigeria Oil and Gas Conference, in Abuja, themed : “Showcasing

Petroleum Technology Association of Nigeria (PETAN) has reaffirmed its commitment to Support the federal government’s effort to weed out ‘Middlemen Businesses’ ,as it advocates for local content in the nation’s oil production PETAN Chairman and CEO, Geoplex Drillteq Limited , Engr. Wole Ogunsanya made the statement while speaking during a panel session where he was

TotalEnergies, operator of OML 58 onshore license in Nigeria with a 40% interest, together with the Nigerian National Petroleum Corp. Ltd (NNPCL, 60%), have taken the final investment decision (FID) for the development of the Ubeta gas field. Located about 80 km northwest of Port Harcourt in Rivers state, the OML 58 license contains two

In yet another major step towards boosting nationwide gas supply to drive industrialisation and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project. Group Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Mele Kyari, confirmed this during an inspection tour of

The Nigerian Content Development and Monitoring Board (NCDMB) has emerged as top performer in business efficiency and transparency in federal government’s ranking of ministries, departments and agencies (MDAs) for the year 2022.This magnificent scorecard is reminiscent of the Board’s 81.46% score in Ease of Doing Business, which placed it top of all other MDAs for

Nigeria relies on crude oil for more than two-thirds of its earnings and about 90% of foreign exchange income, but massive theft in the country’s oil-rich heartland is draining national revenue. Nigeria’s military seizes several drums of petroleum products during a raid on illegal refineries in Niger Delta, NigeriaCrude oil sales that boost Nigeria’s foreign

For 125 years, Phillips 66’s San Francisco refinery in Rodeo, California, processed only crude oil. But that changed this spring, when the transformed facility reopened as one of the world’s largest renewable transportation fuel production sites, with output expected to ramp up to 50,000 barrels per day of renewable diesel (RD) and sustainable aviation fuel

As it recovers from the hiccups linked to the route in Kenya – which threatened its fuel supply monopoly – Uganda National Oil Company (Unoc) on Tuesday signed sales and purchase agreements (SPAs) with the market’s biggest fuel dealers, in contracts that will tie over 80 oil marketers in Uganda to the State-owned firm for

The Nigerian National Petroleum Corporation (NNPC) Limited has signed a significant deal with a North American firm, Golar LNG, to float Liquefied Natural Gas (LNG) offshore in Niger Delta region. The spokesperson for NNPC, Olufemi Soneye, made this disclosure in a statement on Monday in Abuja. Floating LNG (FLNG) refers to the process of liquefying