Category: Energy

JEX Market Deepens Nigeria’s Gas Utilisation, Gets NMDPRA, SEC Approvals To Establish Trading Platform

ADEOLA YUSUF

        The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in conjunction with the Securities and Exchange Commission (SEC) has issued licenses to JEX Market to establish and operate a Gas Clearing House and Settlement Authorisation Platform. Platforms Africa reports that this would serve as a commodity exchange platform where natural gas and its derivatives would be traded in Nigeria. The issuance of the licences is one of the game-changing outcomes of the Petroleum Industry Act, 2021 and the product of the strategic leadership acumen of President…

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Petralon Energy Drills To Boost Nigeria’s Oil Output With 2,500 Barrels Daily

Ganiyu Amodu

Petralon 54 Ltd, an indigenous exploration and production company assigned as sole operator of the Dawes-Island Field in Rivers State, and a subsidiary of Petralon Energy Limited, is set to boost Nigeria’s daily crude production with 2,500 barrels. The company commenced the drilling of a second well in the Dawes-Island Field this month after the arrival of the OES Teamwork rig on the Dawes Island location from another successful operation. With its expanded activities, Petralon 54 Ltd, is consolidating its position as a major player in the Nigerian upstream sector,…

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NUPRC Receives Groundbreaking Engineering Audit Of Oil And Gas Measurement Systems

Ganiyu Amodu

Safeguarding Nigeria’s commonwealth and enforcing accountability in the oil and gas sector has been a top priority for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In line with this commitment, the Commission on Tuesday received the Engineering Audit of Upstream Measurement Equipment and Facilities in the Nigerian Oil and Gas Industry end–of–project report from PE Energy. Approved by the Federal Executive Council in 2024, this report is a significant step toward improving hydrocarbon measurement and accountability, essential for ensuring optimal revenue collection within Nigeria’s oil and gas sector. As mandated…

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‘OPEC Heavyweights,’ Saudi Arabia, Kuwait Announce New Oil Discovery

Ganiyu Amodu

Saudi Arabia and Kuwait have announced a new oil discovery in the so-called Partitioned Zone (PZ) between the two OPEC heavyweights which share equally output from the area. Saudi Arabia and Kuwait announced on Monday that Wafra Joint Operations had made a new oil discovery in the North Wafra Wara-Burgan field, located 5 kilometers (3.1 miles) north of the Wafra field, the official Saudi Press Agency reported. The so-called Partitioned Neutral Zone (PNZ) was established between Saudi Arabia and Kuwait in 1922 to settle a territorial dispute, while crude oil…

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‘Since Feb,’ Port Harcourt Refinery Not Producing Fuel 3 Months Before Shutdown

ADEOLA YUSUF

  . ‘Shutdown after $1.5bn rehabilitation Is Face Saving, Has No Effect On Supply,’ Marketers Open Up on refinery NNPCL declared operational in November, 2024 The Independent Petroleum Marketers Association of Nigeria has said the Nigerian National Petroleum Company Limited had to shut down the Port Harcourt Refining Company to save its face. IPMAN said the facility’s shutdown is insignificant to the Nigerian petrol market, stressing that the plant did not produce petrol for about three months before its eventual shutdown. This is even as the Petroleum Products Retail Outlet…

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‘Six Months After $1.5bn Rehabilitation,’ NNPCL Shuts Down Port Harcourt Refinery

ADEOLA YUSUF

    ‘November 26 To May 24,’ details of ‘scheduled maintenance and sustainability assessment’ that will take the 60,000 barrels daily capacity refinery off circulation     The Nigerian National Petroleum Company Limited (NNPC Ltd) on Saturday announced a scheduled maintenance shutdown of the Port Harcourt Refining Company (PHRC), beginning on May 24, 2025. Platforms Africa reports that the refinery began truck loading of petroleum products on Tuesday 26 November after a rehabilitation that gulped $1.5 billion. Chief Corporate Communications Officer, Femi Soneye, who confirmed the shutdown in a statement…

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‘What They Couldn’t Do To China,’ How Shell, Chevron, Others Exploited Nigeria’s Weak Law – Jonathan

Ganiyu Amodu

“‘Not a NASS Of Voice Votes,’ Two Third of Lawmakers Passed Nigerian Content Law When National Assembly was Vibrant,” You want to read the key things the former President said in Bayelsa venue of Champions of Nigerian Content Awards     Nigeria’s former President, Goodluck Jonathan, has declared that the Western crude oil exploration companies in Nigeria took undue advantage of the country’s weak law at the early stage of hydrocarbon search and production. Mentioning Shell, Chevron and Agip, the first president from the oil-rich Niger Delta region of the…

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1.8mbopd OPEC Quota; Nigeria Demands Human Capacity Devt Revamp From 54 Producers

ADEOLA YUSUF

  . ‘Aspiration to Execution,’ NCDMB’s Executive Secretary Gives Updates On Local Content Milestones At NOGOF 2025   Nigeria has demanded the revamp of human capacity development (HCD) by the 54 producers in the country to actualise the production aspiration incluing the 1.8 million barrels per day oil production quota given to the country by the Organisation of Petroleum Exporting Countries (OPEC). The Executive Secretary of the Nigeria Content Development and Monitoring Board (NCDMB), Engineer Felix Omatsola Ogbe, who said this in an address at the 2025 Nigeria Oil and…

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‘If Nigerian Content Fails, Africa Fails,’ Oil Minister Declares At NOGOF

ADEOLA YUSUF

. Says Youths not just the future but also already in the driver’s seat   Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has reaffirmed the Nigerian Government’s commitment to leveraging local content as a strategic tool for industrialization, innovation, and inclusive economic growth in Nigeria. Platforms Africa reports that Lokpobiri made this declaration while delivering his keynote address at the 2025 Nigerian Oil and Gas Opportunity Fair (NOGOF), ongoing in Yenagoa, Bayelsa State. The Minister stated that the Nigerian Content Development and Monitoring Board (NCDMB), has transitioned…

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‘7,000 Policymakers, Professionals From Over 85 Countries;’ Preps Heightened For NOG Energy Week 2025

ADEOLA YUSUF

  “Confab To Convene Global Energy Leaders In Nigeria To Advance Investment, Innovation, And Energy Security,” What Wemimo Oyelana wants oil industry stakeholders to know about Nigeria’s flagship oil and gas confab   7,000 oil industry leaders, policymakers, and professionals from over 85 countries have been confirmed for the NOG Energy Week 2025. This came as preparations were heightened for the conference airmed at Convening Global Energy Leaders In Nigeria To Advance Investment, Innovation, And Energy Security. “As the largest energy gathering in Sub-Saharan Africa, NOG Energy Week will bring…

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