Category: Oil & Gas

How ESG, Regulatory Framework’s Driving Africa’s Energy Investments – Seplat

Precious Ibekwe

Environment, Social and Governance (ESG) standards and regulatory frameworks in African countries significantly shape oil and gas investments in the continent, as they influence costs, compliance requirements, and project risk profiles. Platforms Africa reports that the Chief Financial Officer, Seplat Energy, Mrs. Eleanor Adaralegbe, according to a statement, said this during a panel session at the Africa Oil Week (AOW) Conference & Exhibitions in Cape Town, South Africa. After Platforms Africa Report, Oil Ministry Director Queried, Minister Disowns Claim NNPC Has Withdrawn Challenges To $1.2Bn ExxonMobil Asset’s Acquisition – Seplat…

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NUPRC Gives Update On 2024 Licensing Round

Aliyu Aliyu

. ‘A Game-Changer for Nigeria’s Oil and Gas Sector,’ what Engineer Gbemga Komolafe said about over 31 oil blocks to delegates at Africa Oil Week Conference   As Nigeria embarks on its 2024 Licensing Round, the combination of robust natural resources, competitive regulatory framework and strategic incentives has created a favorable environment for investors. The country’s commitment to ensuring transparency, social inclusion, and sustainable development further signals a new era of certainty in the Oil and Gas industry. The 2024 Licensing Round therefore offers investors a significant opportunity to contribute…

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NNPC Boss, Mele Kyari, Loses 25 Year-Old Daughter

Aliyu Aliyu

‘Painful loss,’ What Vice President, other mourners said about the sad news of Fatimah’s demise     Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL), has lost his 25-year-old daughter. Details of her death were sketchy as of the time of filing this report, but NAN reported that the deceased named Fatima passed away on Friday. Actor Saheed Balogun Loses Daughter, Zeenat ‘Trapped While Playing,’ Four Kids Found Dead In Unused Freezer BBNaija Season 1 Runner-up, Francisca Owumi, Is Dead Vice-President Kashim Shettima…

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SPDC JV Partners Ink Landmark GSPA for $3.3bn Brass Project

ADEOLA YUSUF

. JV partners, comprising NNPC Ltd, Shell Petroleum Development Company (SPDC), TotalEnergies Ltd, and Eni, will supply 270MMscfd to BFPCL, the largest single GSPA to any domestic gas offtaker in Nigeria The Nigerian Government’s effort to boost the country’s gas sector has received a significant boost with the signing of a Gas Sales and Purchase Agreement (GSPA) for the Brass Fertilizer and Petrochemical project in Bayelsa State. Platforms Africa reports that this landmark agreement, supervised by the Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, paves the way…

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EXCLUSIVE: How Dangote’s N977 Per Litre Price Stirred NNPCL Price Adjustment

Ganiyu Amodu

City-by-city Template of how much a litre of petrol will now be sold at NNPCL outlets A litre of premium motor spirit (PMS) popularly called petrol has hit N977 at the Dangote Refinery, major supplier of the product to the Nigerian National Petroleum Company Limited (NNPCL), Platforms Africa can report authoritatively. Findings exclusively conducted by this reputable media group showed that this has led to the adjustment in pump price by the NNPCL as full deregulation of the product takes immediate effect. After Platforms Africa Report, Oil Ministry Director Queried,…

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‘N1,030 In Abuja, N998/Litre In Lagos: NNPCL Hikes Petrol Price Again

ADEOLA YUSUF

. ‘N113 more per litre,’ Details of the 12.7 per cent hike, the second price adjustment in the last 24 days, which happened 72 hours after Platforms Africa’s report   About 72 hours after Platforms Africa’s report on looming hike in the price of Premium Motor Spirit (PMS) also known as petrol, the Nigerian National Petroleum Company Limited (NNPCL) has increased the price of the product, from N855 per litre to N998 per litre in Lagos and over N1,000 per litre in Abuja. Platforms Africa reports that this is the…

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After Platforms Africa Report, Oil Ministry Director Queried, Minister Disowns Claim

ADEOLA YUSUF

. ‘Director upstream lied,’ Full statement by Lokpobiri on NNPC refineries and private refineries equity participation + what-led-to-what report by Platforms Africa that got the minister to speak out   The report by Platforms Africa detailing a charge by ministry of petroleum resources for the Nigerian National Petroleum Company Limited (NNPCL) to stop running its own refineries and focus solely on equity participation in other refineries has generated ripples with the director upstream at the ministry, Engineer Kamoru Busari, been queried and the minister disowning the claim. Busari who represented…

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Minister To NNPC: Shelve Running Govt Refineries, Face Equity In Dangote Refinery, Others

ADEOLA YUSUF

. At CORAN Summit, Lokpobiri orders modular refineries committee to give concession to local bidders . As Dangote says, he built 650,000 barrels/day refineries without a single incentive   Minister of state for Petroleum Resources (oil), Heineken Lokpobiri, on Tuesday charged the Nigerian National Petroleum Company Limited (NNPCL) to shelve running of its refineries and take equity in private refineries. Platforms Africa reports that Lokpobiri who said this at the maiden edition of Crude Oil Refiners Association of Nigeria ( COREN) Summit in Lagos, maintained that the government has also…

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‘Better Days Ahead,’ Oil Contracting Cycle, Middlemen Fixed – NCDMB

ADEOLA YUSUF

‘What Presidential Directives on Local Content got to do with it,’ Key points from what Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, said at a breakfast meeting with some media executives in Lagos The Nigerian oil and gas industry is set to enjoy better days ahead, as the Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had eliminated middlemen from the oil and gas industry value chain and contributed to shortening the oil industry contracting cycle to six months, courtesy of the three Presidential Directives…

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