By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) has pledged to work closely with stakeholders in the sports sector to develop and commercialise sports, especially football, in Nigeria. Mr Mele Kyari, Group Chief Executive Officer (GCEO), NNPC Ltd., made the pledge on Thursday while receiving a delegationContinue Reading
$50m Nigerian content fund catalyst to oil sector development—NCDMBContinue Reading
By Yunus Yusuf The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the country’s daily petrol consumption currently ranges from 45 million litres to 50 million litres. NMDPRA’s Chief Executive Officer, Mr Farouk Ahmed, disclosed this while speaking on the sideline of the ongoing 18th Africa Downstream Energy WeekContinue Reading
By Emmanuella Anokam The Ministry of Finance Incorporated (MOFI) and other stakeholders are partnering to provide N10 billion credit to Nigerians for Compressed Natural Gas(CNG) conversions. The stakeholders are Nigerian Consumer Credit Corporation (CREDICORP) and the Presidential Initiative on Compressed Natural Gas (Pi-CNG). At the agreement signing on Wednesday inContinue Reading
By Emmanuella Anokam The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM), says litigations is delaying the Host Community Development Trust (HCDT) Fund creation and implementation. HOSTCOM said pending issues by host communities in choosing members and chairman of the Board of Trustees (BoT), also delayed the implementation ofContinue Reading
By Emmanuella Anokam The SPDC Joint Venture partners have signed a Gas Sales and Purchase Agreement (GSPA) for the $3.5 billion Brass Fertiliser and Petrochemical Company Limited (BFPCL) project. The SPDC JV partners, comprising NNPC Ltd, Shell Petroleum Development Company (SPDC), TotalEnergies Ltd. and Eni would supply 270 million standardContinue Reading
By Vivian Emoni The Federal Government has released N122 billion to six gas infrastructure companies in its drive to transform the midstream gas value chain across the country. The Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo, said this at the Midstream Downstream Gas Infrastructure Fund (MDGIF)/Promoters Agreement SigningContinue Reading
By Yusuf Yunus Mr Bayode Ogidan, an oil and gas pipeline expert, says gaps in infrastructure, weak regulatory enforcement and competing economic priorities have contributed to the continued gas flaring in Nigeria. Ogidan, a consultant with Mcdedict Global Services, disclosed this in an interview with theContinue Reading
By Emmanuella Anokam The Federal Government has tasked investors in the country to utilise the Nigerian Content Development and Monitoring Board (NCDMB) intervention funds for the purpose they were meant for. Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), made this known on Thursday during a facility tour ofContinue Reading
By Emmanuella Anokam The Federal Government has reiterated commitment to meet the September deadline set out for the commencement of the African Energy Bank (AEB). Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), gave the assurance on Wednesday in Abuja when Dr Omar Ibrahim, Secretary-General, African Petroleum Producers’ OrganisationContinue Reading
