Category: Oil & Gas

BREAKING: Olufemi Soneye Is NNPCL Spokesman

ADEOLA YUSUF

What to know about the GOCOP member; and the target given to him as Chief Corporate Communications Officer   A member of the Guild of Corporate Online Publishers, Olufemi Oladapo Soneye, has been appointed the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited. Platforms Africa reports that the Management of the national oil company in Nigeria confirmed the appointment in a statement on its X handle. In the statement on Wednesday, the NNPCL said Soneye, a seasoned journalist with full-time and freelance experience at some of the…

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Local Content is Africa’s Route to Economic Development- NCDMB

ADEOLA YUSUF

African nations seeking to achieve economic prosperity must develop local capabilities to process, utilize, and export their resources as a means of powering their growth and development, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote said on Tuesday. The Executive Secretary made the submission in his presentation at the ongoing 2023 Africa Energy Week in Cape Town, South Africa. He regretted that most African nations lacked requisite local capacities in key areas of the oil and industry such as Engineering, Procurement, Construction…

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N150bn Gas Contract Racket Rocks Nigeria’s Palliative Scheme

ADEOLA YUSUF

What we know; LPG dealers petition Senate Panel, give details of secret contract allegedly awarded to Rungas Group of companies   The Nigeria’s fuel subsidy removal palliative scheme has been rocked by N150 billion contract racket, Platforms Africa reports. Liquefied Petroleum Gas (LPG) dealers, who confirmed this, have already petitioned the Senate Committee on Gas Resources over the alleged secret award of N150 billion contract to Rungas Group Group of companies. READ ALSO: Why ExxonMobil’s $1.6 Bn Asset Sale To Seplat Hit The Rock – NUPRC Wuraola Esan: 1st Female…

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Regional Cooperation Impetus For Accelerated Energy Transition – Oando

Efe Wellington

What Oando COO, Ainojie Irune, reportedly said at the Africa Oil Week, in Cape Town, South Africa   Chief Operating Officer, Oando Energy Resources, Dr. Ainojie Irune, has reportedly called for regional cooperation amongst African nations to accelerate the continent’s energy transition. A statement, which the company sent to Platforms Africa, showed that Irune said this at the recently concluded Africa Oil Week, in Cape Town, South Africa. READ ALSO: Why ExxonMobil’s $1.6 Bn Asset Sale To Seplat Hit The Rock – NUPRC N35k Salary: Labour Gives 2-Week Ultimatum To…

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Louis Ibah Appointed As Media Aide To Gas Minister

Abibat Babalola

  “Round peg In round hole,” reactions greet the emergence of Ibah, a foundation member of Platforms Africa and Fellow of the World Press Institute (WPI), St.. Paul, Minnesota USA     Nigeria’s Minister of state for Petroleum Resources (gas), Rt. Honourable Ekperikpe Ekpo, has appointed Louis Ibah as a Special Adviser on Media and communications. Ibah, an accomplished journalist, who is a foundation member of Platforms Africa, has spent 23 years on the job covering different sectors including the oil and gas. Reacting to Ibah ‘s appointment, Team Lead…

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AKK Gas Project:July/August 2024 Deadline Sacrosanct, Ekpo Tells Contractors

Abibat Babalola

Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has charged contractors handling the 614 kilometer Ajaokuta, Kaduna, Kano (AKK) gas pipelines project not to default on the promised July/August 2024 completion deadline. The minister who toured the project on Thursday had expressed concerns over the slow pace of work, demanding from Oilserve Limited, the contractor handling the segment one of the project, when exactly the project would be completed. Ekpo said the economic prosperity of Nigeria was tied to the AKK project as it was designed to supply gas to…

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Why ExxonMobil’s $1.6 Bn Asset Sale To Seplat Hit The Rock – NUPRC

ADEOLA YUSUF

The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has declared that the $1.6 billion asset sale deal between ExxonMobil and Seplat failed in 2022 because Exxon “did not route the transaction” in line with the provisions of its joint operating agreement. Platforms Africa broke the news of the NNPC disappeoval of the deal in an exclusive story in 2022. READ ALSO: EXCLUSIVE: Buhari Declines Ministerial Consent For ExxonMobil $1.6bn Assets’ Sale To Seplat EXCLUSIVE: NNPC Cancels ExxonMobil $1.6bn Assets’ Sale To Seplat Nigerians In Canada…

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FACT CHECK: Did NLNG MD Say Train 8 No Longer Feasible?

ADEOLA YUSUF

    The Nigeria Liquefied Natural Gas (NLNG) Limited on Monday, October 9, 2023, played host to the minister of state for Petroleum Resources (gas), Mr. Ekperikpe Ekpo, where the Company’s Managing Director, Dr. Philip Mshelbila spoke from heart about gas development and threats to the sector’s growth in Nigeria. Despite an explicit statement issued by the company for the exclusive event, there have been different reports in the media on what Dr. Mshelbila said concerning the progress on Train 7 plant, which is already at 50% completion stage, as…

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How Nigeria Can Secure Gains from Gas – NLNG

Efe Wellington

+ What Philip Mshelbila told Ekperikpe Ekpo during the Minister of State for Petroleum Resources’ (Gas) visit to the NLNG   Nigeria must be deliberate in its desire to take opportunities offered by the energy transition, the recognition of gas as a transition fuel and the quest for clean energy to increase its gas investment and harvest the gains from gas, the Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, has said. Platforms Africa reports quoting a statement by Yemi Adeyemi, a spokesman for…

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Oil Prices Rise Over Israel, Hamas ‘war’

Abibat Babalola

Oil prices have jumped on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. Brent crude was up $2.28, or 2.7%, to $86.86 a barrel by 0859 GMT, while U.S. West Texas Intermediate crude was at $85.23 a barrel, up $2.44 or nearly 3%. Both benchmarks spiked by more than $4 a barrel earlier in the session The surge in oil prices reversed last week’s downtrend – the largest weekly decline since March – in which Brent fell about 11% and WTI retreated more…

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