Author Archives: steph

NNPC Partners Seplat to Deliver 3.4bscfd of Gas by 2020

  The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company have signed five agreements to develop a gas production project aimed at delivering about 3.4 billion standard cubic feet of gas per day (bscfd) by 2020, a statement from the corporation on Monday disclosed. The statement explained the new gas project was part […]

OPEC output rises in July on Nigeria, Kuwait, UAE supplies

  Oil production from the Organization of Petroleum Exporting Countries (OPEC) rose in July, despite supply shortfalls from Libya, Iran and Saudi Arabia, while rising output from Nigeria, Kuwait and the UAE offset the drops.   OPEC production averaged 32.32 million barrels per day (bpd) in July, 40,700 higher than June, according to the group’s […]

Dangote’s oil refinery likely to be delayed until 2022

  A huge oil refinery being built in Nigeria by Africa’s richest man is unlikely to start production until 2022, two years later than the target date, sources with direct knowledge of the matter said.   The 650,000 barrel per day (bpd) refinery near Lagos, set to be Africa’s biggest, is expected to boost Nigeria’s […]

NNPC, IOCs’ issues with oil contracts may dampen investments

  The ongoing disputes between the Nigerian National Petroleum Corporation and international oil companies over Production Sharing Contracts is hampering further investment, even as funding challenges have led to a significant decline in joint venture oil and gas production.   Faced with declining oil revenue, Nigeria announced in 2015 that it planned to review the […]

Is This The Next Natural Gas Giant?

  Shell’s presence in Nigeria has been controversial, what with lawsuits for the pollution of the Niger Delta, chronic pipeline vandalism and, in recent years, militant attacks on oil-producing infrastructure. But instead of seeking ways to curb its presence in the West African nation, Shell has big plans for it, and these big plans have […]

Nigeria to begin transportation of petrol, LPG by rail soon – PEF

  The Petroleum Equalisation Fund (management) Board (PEF) says it has set up a task force for the immediate implementation of transportation of petroleum products through the country’s railway system.   Speaking in Abuja, the General Manager, Corporate Services of PEF, Dr. Goddy Nnadi explained that the task force was set up by the Executive […]

FG to take measures to discourage LPG importation, improve local supply

  The federal government has expressed concern about the continued importation of Liquefied Petroleum Gas (LPG) into Nigeria, and would be taking fresh measures to grow local supply from the Nigeria Liquefied Natural Gas (NLNG).   The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who disclosed this recently, explained that the government would […]

Understanding the Niger-Nigeria MOU On ‘Katsina’ Refinery

Tuesday July 24, President Muhammadu Buhari of Nigeria and his Nigerien counterpart, Mahamadou Issoufou, presided over the signing of a Memorandum of Understanding (MOU) for the proposed Niger/Nigeria Hydrocarbon Pipeline & Refinery Projects. Steering and Technical Committees to drive the projects were also inaugurated at the occasion. The project aims to construct a crude oil […]

India, Nigeria to collaborate on modular refineries, LPG

  Nigeria and India are fostering new relationships in the areas of promoting modular refinery projects as well as developing Liquefied Petroleum Gas, LPG, or cooking gas cylinder manufacturing companies.   The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote met with the Indian High Commissioner to Nigeria, His Excellency, B.N. […]