Tag: ‘Milestone

‘Milestone,’ Tinubu Reacts As Shell, Partners Announce $5Bn Deepwater Investment In Nigeria

Aliyu Aliyu

President Bola Ahmed Tinubu has welcomed Shell and its partners’ announcement on Monday of the Final Investment Decision (FID) on the Bonga North Deep Offshore Field. This landmark development, Nigeria’s first deepwater oil project in over a decade, underscores the transformative impact of the President’s policies and reforms in attracting investments in the oil and gas sector. The Bonga North oilfield, located 130 kilometres offshore in Oil Mining Lease (OML) 118, represents an impressive estimated $5 billion investment and is expected to yield approximately 350 million barrels of crude oil.…

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‘Low Fuel Price,’ Expectations, Reactions Greet Port-Harcourt Refinery’s Revamp

Aliyu Aliyu

. ‘Milestone,’ Tinubu, Oil Workers, PANDEF Excited, Hail Kyari As Port Harcourt Refinery Begins Operations . Nigerians Express Hope of Fuel Availability, Price Reduction, Healthy Midstream Market Competition . Fuel Loading, Trucking Begin As NNPC Ltd Reaffirms Progress on Refinery, Addresses Misleading Claims   Nationwide excitement has greeted the revival of operations at the Port Harcourt refinery with President Bola Ahmed Tinubu, oil workers’ union, Pan-Niger Delta Forun (PANDEF), and many prominent Nigerians expressing hope of fuel availability, price reduction, and a healthy market competition at the midstream subsection of…

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