The NNPC Limited has emerged overall winner in the just concluded 19th Nigeria Oil and Gas Industry Games (NOGIG) held at the Moshood Abiola National Stadium in Abuja. During the week-long tournament that saw it competing against 12 other oil and gas entities and organizations in the Petroleum Ministry, the NNPC Limited carted home a

…says the refinery will produce PMS, AGO, ATK, LPG for both the local and international markets. The Nigerian National Petroleum Company Limited (NNPC) on Thursday, signed a contract with African Refinery Port Harcourt Limited (ARPHL) to build a 100,000bpd refinery within the Port Harcourt Refinery and Petrochemical Complex in Rivers state. NNPC Limited disclosed this deal in a

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…aims to attract $10 billion investment. In a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy, Federal Government has launched a new fiscal incentives to revitalise the Nigerian oil & gas sector, aiming to attract $10 billion investment. Wale Edun, OFR, Minister of Finance and Coordinating Minister of the

…Minister alleges mismanagement of over half a billion dollars on several projects and loans.…Task journalist to visit project sites of NCDMB’s partners The Federal Government of Nigeria has revealed it is investigating loans and projects estimated at $500 million executed by the Nigerian Content Development and Monitoring Board. The Minister of State for Petroleum Resources

By Ibrahim Musa There are indications that the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the regulator of Nigeria’s upstream oil sector, is not responsible for the alleged delay in granting consent to the sale of $1.3 billion ExxonMobil’s 40 percent stake in Mobil Producing Nigeria Unlimited, MPNU’s assets to Seplat Energy Plc. The intention of

Petroleum Technology Association of Nigeria (PETAN) has assured the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and all stakeholders in the oil and gas sector that its members with decades of experience in the industry, have all the equipment required to boost oil production in the country. PETAN Chairman, Engr. Wole Ogunsanya, gave the assurance when

…Presents NNPCL GCEO With PETAN’s Excellence Award for the Frontier Basin Exploration Initiative. The Petroleum Technology Association of Nigeria (PETAN), Chairman, Engr. Wole Ogunsanya has assured that the group will demystify the cost of oil and gas production in Nigeria. He gave the assurance when he led members of the team on a courtesy visit

Worried about the dwindling oil production and the need to drive investment in the nation’s oil and gas sector, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri has expressed the federal government’s readiness to collaborate with the Petroleum Technology Association of Nigeria (PETAN) in a bid to increase Nigeria’s oil production and revenue.

Axxela Limited, a leading gas and power portfolio company in Sub-Saharan Africa, announces that it has taken Final Investment Decision for the development of a gas processing plant situated in OML 56, Delta State, South-South Nigeria. This strategic investment marks yet another significant stride towards delivering on Axxela’s commitment to deepen domestic gas utilisation in

Industrial Transformation ASIA-PACIFIC – a HANNOVER MESSE event (ITAP) is a strategic platform that evolves with the industry and is shaped by the leaders and experts in support of their transformative initiatives; a journey that is necessary and made possible by the process of digitalisation by Industry 4.0. Designed and curated to help companies in

IVS – Industrial Valve Summit continues to grow, attracting the whole supply chain to Bergamo in a month’s time. A new record number of exhibitors is expected with over 310 registrations. The 2024 update of the IVS-Prometeia Observatory “The Oil & Gas Valve Industry in Italy” has been launched. Milan, April 2024 – The press

In this edition, we take a deep dive into issues ranging from the global energy transion agenda, and Africa’s response to the call to phase out fossil fuels. Just to provide an overview, the African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organizaon (APPO) have resolved to work together to establish an African Energy

The Gas Supply and Purchase Agreement (GSPA) to support the Final Investment Decision (FID) for the Brass Methanol Project is to be executed by May, 2024. Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo confirmed this after a meeting held with key stakeholders of the project in his NNPC Towers Abuja office. The

Maputo – The 10th Mozambique Mining and Energy Conference and Exhibition (MMEC) 2024 ispoised to set new benchmarks in driving energy security and regional integration in Mozambique andbeyond. Scheduled from May 2nd to 3rd, 2024, at the prestigious Joaquim Chissano InternationalConference Centre in Maputo, this event promises exclusive insights, high-level dialogues, andnetworking opportunities galore. Under

By Ndubuisi Micheal Obineme April 2nd, 2024 – The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) officially announced a new Domestic Base Price (DBP) for natural gas at $2.42 per Million Metric British Thermal Units (MMBTU) in line with the requirements of the Petroleum Industry Act (PIA) for the regulator to announce a DBP

By Ndubuisi Micheal Obineme …Ekpo set to brief industry stakeholders on repayment plans. ABUJA – Nigerian President Tinubu has approved the payment of approximately $900 million USD in outstanding debts owed to gas companies providing gas supply in the Nigerian power sector, according to the Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo.

As governments ponder ways to enhance trade across Africa, stakeholders are establishing pathways and building codial relationships to develop and sustain African market. The Welding Federation (TWF) and Trans Africa Railway Connection (TARC Ltd) have signed a memorandum of Understanding (MOU) on African content management in the delivery of welding and related services on the

London: The World Energy Council has published its annual 2024 World Energy Issues Monitor. The report titled “Redesigning Energy in 5D” assesses the global energy agenda based on the collective expertise and views of nearly 1,800 energy leaders in over 100 countries. Leaders were surveyed in early 2024, following the conclusion of the COP 28

Wood Mackenzie, also known as WoodMac, a global provider of data and analytics for the energy sector, has said that accelerating upstream investment, developing gas resources, and support for independent operators are key to Africa’s economic growth. In a report published by Woodmac’s industry experts: Gavin Thompson, Vice Chairman, Energy – Europe, Middle East &

…New Executives to Run for Two Years The Petroleum Technology Association of Nigeria, PETAN, has elected new executive members to run the affairs of the association for two years. The press statement by the Publicity Secretary, PETAN, Dr. Innocent Akuvue, revealed that rising from its Annual General Meeting held in Port-Harcourt on Thursday, and the

The disturbing increment of the prices of single- phased and three- phase pre-paid electricity was announced on Wednesday by the federal government commencing on September 6, 2023 with immediate effect. Nigeria Electricity Regulatory Commission released an order pertaining this effect with the number, NERC/2023/020, and jointly signed by the Commissioner, legal, licensing and compliance, Dafe Akpeneye and the commission’s Chairman, The post Nigerian Government Raises Electricity Meter Price first appeared on NOGSpeed - Energy-Affair.

Exxonmobil is working judiciously with other companies to accelerate society’s path to net zero especially in the case of the carbon capture and storage agreement in Louisiana with CF industries, the world’s largest producer of ammonia. Ammonia is sometimes compared with household cleaning products, it actually has a higher calling and is the major ingredient in nitrogen fertilizer so is The post CF Industries reaches landmark agreement on enabling low carbon ammonia.. first appeared on NOGSpeed - Energy-Affair.

Eni agreed to sell to OANDO. LG, its Nigerian onshore subsidiary being the latest international energy giant to divest onshore assets in the West African Country. Nigerian unit Agip oil Company Ltd handled the deal and Eni also takes another step to execute its long term strategy to reduce oil exposure affecting natural gas positively following its disposal in June The post Eni Now the Latest Energy Giant to Sell Onshore Nigeria assets. first appeared on NOGSpeed - Energy-Affair.

According to the Russian media reports; Gingo, the first capsize ship and bulk carrier sail the Northern Sea Route, Solely a non-ice strengthened tanker carrying out a transit  presently marking another first. Departure of Gingo from Port of Murmansk on the 13-day eastbound voyage to China conveying 164,600 metrics tons of iron ore concentrate, which shows the largest single cargo The post First Capesize Non-Ice Class and Bulk Carrier Tanker Sail to China Via Northern Sea. first appeared on NOGSpeed - Energy-Affair.

Nigerian Gas Association witnessed Gastech 2023 conference, a prestigious gas event in Singapore where Nigerian Decade of Gas agenda was champion to the stage by corporate members’ support, such as the Nigerian National Petroleum Company Limited and Nigeria LNG Limited. Gastech is recognized as the world largest gathering of energy professionals, thereby a platform for discussing the most disturbing challenges The post NGA Promotes Nigerian Decade of Gas at Gastech, Singapore first appeared on NOGSpeed - Energy-Affair.

The Nigeria National Petroleum Company Limited, NNPC, has said that Eni’s subsidiary company did not obtain its consent before announcing the sale of its onshore oil assets to Oando PLC, which could be tantamount to a breached term of its joint operating agreement. The development raises suspicion following the speed of the transaction as announced and underscores the impediments which The post NNPC Nigeria Denies Consent On Eni Unit Oil Asset Sale. first appeared on NOGSpeed - Energy-Affair.

The commencement of Nigerian Maritime Administration and Safety Agency (NIMAS) in electronic registration of sailors is to intensify the reliability of database for seafarers in Nigeria. The Head of Public Relations department of the agency, Mr. Osage Edward, Director General of the NIMASA, Dr. Bashir Jamoh, signed a statement that says that one of the cardinal principles of the Cabotage The post NIMASA Places over 11,000 Onboard Cabotage Vessels, Digitalizes Seafarers registration first appeared on NOGSpeed - Energy-Affair.

According to the Speaker of House of Representatives, Tajudeen Abbas, the country lost about $46 billion (16.25 trillion) to crude oil theft from 2009 to 2020. And also as the refusal of the Nigeria National Petroleum Company Limited, Nigeria Upstream Petroleum Regulatory Commission and Ministry of Petroleum Resources to honour the invitation by the committee of the House. During the The post Reps Speaker Says Nigeria Lost 16.25trn in 11 years From Oil Theft first appeared on NOGSpeed - Energy-Affair.

Tackling illegal, unreported and unregulated (IUU) fishing, harnessing marine tourism, safety and security are top of the agenda of his administration as Minister of the newly created Ministry of Marine and Blue economy, said the Honourable Minister of the Marine and Blue Economy, His Excellency Adegboyega Oyetola. He mentioned this during a working visit to NIMASA headquarters in Lagos, where The post Oyetola’s Top Agenda- Safety, Security, Fishing, Marine Tourism first appeared on NOGSpeed - Energy-Affair.