Category: Oil & Gas

OTL Africa Deepens Public-Private Dialogue, Rallies Stakeholders For 2024 Confab

Gbenga Adeoti

. 18th Energy Week to focus on “Alliances for Growth” in oil & gas midstream, downstream sectors as key stakeholders from Senegal, Ghana set to join in expanding regional collaboration   The 18th edition of the OTL Africa Downstream Energy Week, themed “Alliances for Growth,” will take place from October 28 to 31, 2024, at the Oriental Hotel, Lagos, furthering its legacy of fostering public-private dialogue, driving industry advocacy, and shaping the future of the downstream energy sector. The 2024 edition is expected to further strengthen collaboration between industry players,…

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Reduce Cooking Gas Price, Stop Product’s Export, Minister Orders NMDPRA, NNPCL

ADEOLA YUSUF

LPG prices have continued to fluctuate, recently soaring to N1,500 from an average of N1,100 – N1,250 per kg Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has expressed deep concern over the continuous increase in the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas in the country. Recall that in a bold move to tackle the soaring price of cooking gas, the Gas Minister had established a high-level committee in November 2023, led by the Authority Chief Executive of the Nigerian Midstream Downstream Petroleum…

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NCDMB Signs MoU with UBEC on Smart Schools Initiative

Precious Ibekwe

The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) on Thursday signed a Memorandum of Understanding (MOU) for the implementation of the NCDMB-UBEC Smart Schools Development Initiative (NUSSDI). The MoU will enable the provision of educational infrastructure, particularly in areas with high rates of out-of-school children as well as underserved rural communities, integration of technology in learning, building the capacity of teachers and educational administrators and improving overall learning outcomes. At the signing ceremony on Thursday in Abuja, the Executive Secretary, NCDMB, Engr. Felix…

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Nigeria Bans Cooking Gas Export Amid Price Surge

Abibat Babalola

The Federal Government has banned the export of Liquefied Petroleum Gas (LPG), also known as cooking gas, produced in Nigeria, as the price of the commodity continues to soar. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, expressed concern over the rising cost of LPG in a statement issued by his media aide. Despite efforts to stabilize prices, including the formation of a high-level committee in November 2023 led by the Authority Chief Executive of the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Farouk Ahmed, prices have…

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Document Shows Dangote Refinery Recorded 748m Litres Fuel Supply Shortfall To NNPCL in 2 Months

Gbenga Adeoti

. Highlights the supply shortfall as impediment to PIA Sections 317(8) and (9) execution   The fuel loading schedule by Dangote Refinery has revealed that the facility recorded 748million litres supply shortfall in in its obligation to the Nigerian National Petroleum Company Limited (NNPCL) in the month of September and October, 2024. Though the document sighted by this newspaper did not reveal the reason for the output dip, it showed that Dangote refinery recorded this shortfall, being 30 per cent average for the two months. Recall that the Dangote Refinery…

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Nigeria Rejects Shell’s $2.4Bn Onshore Asset Sale To Renaissance

ADEOLA YUSUF

  . Two years after, NUPRC approves ExxonMobil/Seplat $1.28 billion deals     The Nigerian Government has declined approval for the Renaissance Africa Energy’s acquisition of Shell’s onshore assets in the country. Recall that Renaissance has earlier in mid-January 2024 announced the acquisition of the entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC). After Platforms Africa’s Report Buhari Sets up 14 Man Committee on Fuel Crisis ‘Revoke NNPC Fuel Import License,’ Dangote Slams N100bn Case On NMDPRA I’ve Very Clear Vision of Where Africa Should Be—…

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‘Revoke NNPC Fuel Import License,’ Dangote Slams N100bn Case On NMDPRA

Aliyu Aliyu

Joined as defendants in the case by Dangote Refinery are NMDPRA, NNPCL, Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited, and Matrix Petroleum Services Limited (1st to 7th defendants). Dangote Petroleum Refinery and Petrochemicals FZE has asked the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Corporation Limited (NNPC), Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies for the purpose of importing refined petroleum products that are already being produced by Dangote without…

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NAPE Rallies 2,000 Experts, Stakeholders For Wayout As Nigeria Ranks 84th in Energy Trilemma Index

ADEOLA YUSUF

Why we trained journalists On Trends In Energy Transition and AI-Assisted Oil and Gas Reporting, Dr. Abiodun Ogunjobi, Johnbosco Uche, Austin Mgbemere give details of 42nd NAPE confab, CSR   Nigeria has ranked as the 84th in the Energy Trilemma Index, depicting the country below average in terms of energy security and affordability. After Platforms Africa Report, Oil Ministry Director Queried, Minister Disowns Claim ‘She Died At Appointed Time,’ NNPC Boss Breaks Silence On Daughter’s Death Nigeria’s Tanker Explosion Kills Over 94 Largest association of experts in Nigeria’s petroleum exploration…

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How Nigeria Can Navigate the $360Bn Energy Transition Funding Gap – Heirs Energies

Ganiyu Amodu

Full recommendations ED/CFO Samuel Nwanze made on energy transition dilemma during firechat session at Nigeria Energy Leadership Summit in Lagos   Samuel Nwanze, Executive Director and Chief Financial Officer of Heirs Energies, has recommended the adoption of innovative financing mechanisms, including green bonds and blended finance, to accelerate the development of solar and other renewable energy projects in Nigeria. Platforms Africa reports that Nweze said this during a firechat session, theme: Investing in Tomorrow: Navigating the $360 Billion Energy Transition at the Nigeria Energy Leadership Summit in Lagos on Wednesday.…

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Henry Akinduro: Five Facts About Oil Mogul EFCC Declared Wanted

Abibat Babalola

‘His age, his state, his case;’ Real Reason we marked Executive Chairman of Total Grace Oil and Gas Investment Limited wanted – EFCC   The Economic and Financial Crimes Commission (EFCC) has declared an oil mogul, Bolaji Henry Akinduro, wanted for fraud. According to a circular signed by the spokesman of the agency, Dele Oyewale, Akinduro allegedly obtained money under false pretence and committed stealing by conversion. “The public is hereby notified that Bolaji Henry Akinduro, whose photograph appears above is wanted by the Economic and Financial Crimes Commission (EFCC)…

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