LPG Vessel: Ekpo Lauds Nigerian Firm’s Seal In Harnessing Local Content Law

Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has lauded the courage, vision and hard work exhibited by Nigerian firms in breaking new frontiers in gas businesses in line with the local content law. Ekpo stated this at the commissioning of Temile Development Company Limited’s 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) Carrier, Alfred Temile 10, at the Hyundai Mipo Dockyard in Ulsan, South Korea, yesterday. This was contained in a statement signed by his spokesman, Louis Ibah, and made available to the media. The Minister…

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Nigeria Gives Priority To Gas Production, Commercialisation, Industrialisation Projects – Ekpo

Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo on Friday met with a delegation of promoters and top officials of the Brass Petrochemical and Gas Project to be located in Bayelsa State. The team was led by its Managing Director, Chief Ben Okoye and the Chief Gas and Power Investment Officer of NNPC Ltd., Dr. Salihu Jamari. A statement by the Minister’s spokesman, Louis Ibah, quoted Ekpo during the meeting as restating the commitment of the Federal Government in supporting private sector investments geared at unlocking the gas…

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Men Who ‘Bought’ Shell: Real Story Behind The Renaissance $2.4Bn Deal

▪️ Shell will exit Nigeria’s onshore after about a century for companies controlled by these titans. Meet the real “beings” behind the deals   Energy giant Shell has committed to divesting its onshore oil and gas assets in Nigeria for $2.4 billion, indicating a strategic move away from onshore oil production. A consortium, led by the Nigerian independent energy firm Renaissance Oil and including ND Western, Aradel Energy, First E&P, Waltersmith, and Petrolin, marks a significant transformation in Nigeria’s oil industry landscape. Here are the titans behind Renaissance Samuel Dossou…

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BREAKING: 100%: Renaissance Africa Energy Acquires Shell’s Asset In SPDC

“Completion of the transaction is subject to the requisite regulatory approvals,” full statement the consortium consisting of ND Western Limited, Aradel Holdings Plc. the Petrolin Group, FIRST Exploration and Petroleum Development Company Limited and the Waltersmith Group, issued. Renaissance Africa Energy has announced the acquisition of Shell’s entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC). “We are pleased to announce the signing of a landmark transaction with Shell to acquire its entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC),” the company told…

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Seven Major Marketers Approved To Sell Dangote Fuel + FULL LIST

Seven notable oil marketers in Nigeria have registered with the Dangote Petroleum Refinery to handle the lifting and distribution of refined petroleum products from the $20 billion facility. Dealers, operating under the Major Oil Marketers Association of Nigeria, stated on Sunday that upon completion of the registration process, they would commence the distribution of petroleum products produced at the plant as soon as business arrangements are finalized. This coincided with the announcement made by the Independent Petroleum Marketers Association of Nigeria that they would be meeting this week to negotiate…

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NNPCL To Hand Over Port Harcourt Refinery To Private Operators

As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This, it said, was “to ensure reliability and sustainability towards meeting the nation’s fuel supply and energy security obligations.” In a publication on its website on Monday, the NNPCL said the contract scope shall cover refinery business processes like…

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‘Lie Detected,’ Reactions As Port Harcourt Refinery Fails Delivery Deadline

▪️ $1.5 bn loan-funded rehabilitation: refinery delivers zero litre as minister, NNPC flaunt mechanical completion ▪️ Platforms Africa ends countdown amidst commendations     The 60,000 barrels capacity Port Harcourt Refinery is not ready as promised. The asset has not produced a litre of petrol as of 12:09 am, today, the first of January, 2024, minutes after the December 2023 deadline promised by the officials to deliver it, Platforms Africa reports authoritatively. This reputable media group flagged off on November 29, a countdown on the promised December 2023 deadine to…

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NIPCO Inaugurates Auto Gas station in Abuja, Ups Commitment to Nigeria

In a significant stride towards providing economical, sustainable and environmentally friendly fuel for transportation, NIPCO Gas Limited has once again underscored its unwavering commitment to environmental stewardship with the inauguration of Auto CNG station in Kubwa ,Abuja . The station.which commenced operations over over the weekend is an affirmation of the company’s determination to ensure widespread availability of Auto CNG across Nigeria . As the nation grapples with the challenges of fuel expenses, and environmental sustainability and seeks cleaner energy alternatives, NIPCO Gas is at the forefront of driving positive…

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Nigerian Govt Okays 100% VAT Waiver on Cooking Gas, CNG

The Nigerian Government has approved a zero per cent Value Added Tax (VAT) waiver on Feed Gas for all processed, Compressed Natural Gas (CNG) and imported liquified petroleum gas, with immediate effect. The VAT-free waiver also extends to CNG equipment components, conversion and installation services, Liquified Petroleum Gas (LPG) equipment components, conversion and installation services, and all equipment and infrastructure related to the expansion CNG, LPG and the Presidential CNG Initiative, including conversion kits. In a circular, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, directed…

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Angola Mulls Exit From OPEC

…Plan triggers crude price fall       Angola, the second largest oil producer in Africa after Nigeria, has announced its departure from the Organization of the Petroleum Exporting Countries (OPEC), the country’s news agency Angop reported. EnergyDay gathered that the announcement was conveyed by Angolan oil minister Diamantino de Azevedo. on Thursday, following the 10th session of the council of ministers under Angolan President Joao Lourenco. This development comes in the wake of OPEC, led by Saudi Arabia, reducing Angola’s oil output target for the upcoming year as part…

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