Green Industrial Vision Complimentary To Oil, Gas Investment Drive – Tinubu

. President Receives Standard Chartered Bank executives President Bola Tinubu says Nigeria remains committed to a balanced approach to energy transition and still requires substantial investments in the oil and gas sector to meet the energy demands and economic needs of its population. Speaking at a meeting on Monday in Abuja with the Group Chief Executive of Standard Chartered Bank, Mr. Bill Winters, the President called for a just energy transition that supports vulnerable communities across the nation. Highlighting the importance of balancing the mutually beneficial shift to green industrial…

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Dangote Fingers NMDPRA As Dirty Diesel, Substandard Jet Fuel Flood Nigeria

. Africa’s richest man accuses IOCs of plot to sabotage $20bn oil refinery   Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals. Edwin said the IOCs are deliberately and wilfully frustrating the refinery’s efforts to buy local crude by jerking up high premium price above the market price, thereby forcing it to import crude from countries as far as United States, with its attendant high…

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Nigeria Announces Sulphur Cap On Oil Products Import

Nigeria has reduced the sulphur cap on refined oil product imports to 50 Parts Per Million (ppm) according to market participants. The new cap which took effect at the start of June, according to sources — marks a sharp reduction from a previous 200 ppm limit set on March 1. According to sources, there was no widespread information campaign to make market participants aware of the specification change. The lower sulphur limit comes as Nigeria braces for the imminent ramp-up of 10 ppm ultra-low sulphur diesel production at the Dangote…

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Aiteo Shuts In 50k bopd OML 29 Production, Blames Oil Leaks

Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / Aiteo Joint Venture on OML 29, confirms it has detected an oil leak at its Nembe swamp facility in OML 29, Nembe Kingdom, Bayelsa State. AITEO in a statement said the leak was reported on Monday, June 17, 2024, during routine operations. “AEEPCO’s Oil Spill and Emergency Response Team was immediately activated and all production from OML 29 shut down.This is a precautionary measure while mobilizing additional resources to contain the spill”, the company said Nembe production is…

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We’d Have Run Away If We Knew What We Were Going Into, Dangote Bares It All

  ‘It was very, very, very tough… I feel proud as an African that I’ve been able to prove that it can be done and we have done it.” . ‘PMS will flow from refinery by the third week of July,’ Aliko explains how Africa Continental Free Trade Area, AfCFTA agreement can work     Aliko Dangote On CNN So, if Aliko Dangote, President and Chief Executive of Dangote Industries Limited, and Africa’s richest man, says, in retrospect, that had he known the grand scope of what he was getting…

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‘Nigeria’s Oil Production Drops To 1.25mbpd,’ OPEC Contradicts NNPC’s May Figure

The monthly report of the Organisation of the Petroleum Exporting Countries (OPEC) has contradicted the claims by the federal government that the nation’s crude oil production is growing. According to the latest organization’s report, Nigeria’s oil production dropped to 1.25mbpd. OPEC data showed that Nigeria lost 30,000bpd as crude production dropped from 1.28mbpd in April to 1.25mpd in April. The Nigerian National Petroleum Company Limited’s (NNPC)’s Group Chief Executive Officer, Mele Kyari, not too long ago stated that crude production was nearing 1.7mbpd at the time. He stated this when…

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Firm, In Feud Over Exxon’s Golden Pass, Sacks 4,430 Workers

▪️Zachry Industry, contractor of gas liquefaction plant for ExxonMobil and Qatar Petroleum, files for bankruptcy   Zachry Industrial, a construction and engineering firm working to build a gas liquefaction plant for Exxon Mobil and Qatar Petroleum, laid off thousands of workers in East Texas after filing for bankruptcy last month. Zachry notified the Texas Workforce Commission of its plan to lay off 4,430 workers in East Texas, according to a list of WARN notices updated this week. The San Antonio-based company said in a statement that it was “forced to…

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NGA Celebrates 25th Anniversary, Flaunts Two Decades Of Gas Advocacy

The Nigerian Gas Association (NGA), Nigeria’s largest gas-focused umbrella association and the most notable advocacy platform for gas industry is proud to announce its 25th-anniversary. As a chartered member of the International Gas Union (IGU), the NGA has been at the forefront of driving progressive advocacy and shaping the landscape of Nigeria’s gas sector. Commenting on the milestone at the recently held media parley, Mr. Akachukwu Nwokedi, President of the NGA said: “Over the past two decades, the NGA has left an indelible mark on the gas industry. Its influence…

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Nigerian Govt To Commission Nedogas 300 MMscfd Kwale Gas Gathering Facility

Nedogas Development Company Limited (NDCL), a Joint Venture company between Xenergi Limited and NCDMB Capacity Development Intervention Company, has in collaboration with the NNPC Gas Infrastructure Company (NGIC), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, successfully completed the construction and technical commissioning of a 300 MMscfd Capacity Kwale Gas Gathering (KGG) and injection facility located in the Umusam Community, near Kwale in Delta State, Niger-Delta, Nigeria. The formal commissioning ceremony of the facility will be performed by the Honorable Minister of State for Petroleum Resources (Gas), Rt.…

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Ogun To Join Oil Producing States As Exploration Commences

The quest of Ogun State to be an oil producing State would soon materialise as the Nigerian National Petroleum Company Limited (NNPCL) is set to begin oil and gas exploration in the Gateway State. Stakeholders in the oil industry, including the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri; Managing Director, Shell Petroleum Development Company Ltd, Mr. Osagie Okubor; Chief Executive, Nigeria Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe and the Group Chief Executive Officer, NNPC Ltd, Mr. Mele Kyari, were in Ogun State yesterday, on plans by the…

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