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
By Emmanuella Anokam The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), has advised the Dangote Refinery and Petrochemicals and other modular refineries in the country to sell refined products to oil marketers in Naira. The association said that “this is imperative as the refiners will also be gettingContinue Reading
By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI), has sought for technical assistance from Australia, Belgium and Canada to deepen Nigeria’s extractive industry reforms. The reform programme is designed to deal with challenges of corruption, oil theft, illegal mining, stealing of minerals, pipeline vandalisation and associated governance challenges.Continue Reading
By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulations Authority (NDMPRA), says its proposed Midstream and Downstream Petroleum Fees Regulations will consolidate fees prescribed for midstream and downstream activities into a single document. Mr Ogbugo Ukoha, Executive Director, Distribution Systems, Storage and Retailing Infrastructure, NMDPRA made this known onContinue Reading
By Emmanuella Anokam Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), has convened a high-level meeting with key stakeholders in the oil and gas sector to resolve issues surrounding the Dangote Refinery. This is contained in a statement by Nneamaka Okafor, the Special Adviser to the minister on MediaContinue Reading
