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. […]

Gas development: The Chevron Nigeria Limited’s success story

  THE development of Nigeria’s vast gas resources has been one of the major policy thrusts of successive governments in Nigeria. It is worthy of note that Nigeria is blessed with resources for growth and global competition in gas. The country ranks 9th in World’s gas proven reserves. The National Gas Master Plan focuses on […]

NLNG Targets 2024 for First Shipment of LNG from Train-7

  The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is targeting to deliver the first Liquefied Natural Gas (LNG) consignments from its upcoming eight million tonnes per annum (mtpa) Train-7 plant between 2023 and 2024.     It also stated it would procure between seven and eight new vessels which would be used […]

Dangote Refinery to Save Nigeria $7.5bn Through Import Substitution

The construction of the 650,000 barrels of crude oil per day Dangote Refinery by the Dangote Group is expected to help Nigeria save over $7.5 billion through import substitution and put the country on the global map as major oil and gas hub in Africa, the Group Executive Director, Devakumar Edwin has hinted.   Nigeria […]