Wednesday, June 7, 2023

Latest News

Emefiele meets Tinubu at Aso Rock

Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.

Allegation of illegal sale of 48m barrels of crude false, Malami insists

Recall that the minister took the same position when he first appeared before the panel on April 27, 2023 to give testimony.

Cables Manufacturers Score SON high as Nigeria’s Ease of Doing Business Index Climbs

According to Adubi, while SON ensures strict compliance to laid-down regulations, CAMAN as a body function as a check to the activities of its member companies by paying regular visits to their respective factories to ensure standards are maintained.

Nine communities out of grid as vandals cut down Nine towers in Ogun state

According to the General Manager (T) Lagos Region, Engr. Mojeed Akintola, the towers collapse, was discovered yesterday after a tripping was recorded, and a team was dispatched to trace the fault, leading to the discovery of the collapsed towers.

Business

UPSTREAM

Belemaoil begins construction of alternate export Terminal in Kula 

According to the indigenous oil company, the project which will be located at Robertkiri, one of the production fields of OML-55 in Kula, Akukutoru Local Government Area of Rivers State, is expected to make a significant contribution to the Nigerian economy.

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HAVE YOU SEEN THIS?

Gas flare bids: 139 qualified bidders will have access to 48 sites – NUPRC

According to the Commission Chief Executive, Engr. Gbenga Komolafe, qualified applicants will have access to the data room for data prying and leasing, including suite of Commercial agreements, for the 48 gas flare sites on offer in the NGFCP 2022.

No planned blackout in Lagos-Ikeja Electric

He explained that the company was embarking on replacement of obsolete panels at the Igando Injection Substation, which is aimed at improving power supply availability to that area. He also pointed out that the exercise will last for 10 days and that only Feeders under Igando, Obadore, Akesan and Egan will be impacted, and not Alimosho or Lagos as erroneously reported

New ERERA chairman, Laurent Tossou pledges to strengthen W/Africa electricity market

TOSSOU, had assumed office in July 2022, following the end of tenure of the second Chairman. He is an engineer by profession.

President Buhari flags off first oil well in North, says discovery broken the jinx

This is indeed significant considering that efforts to find commercial oil and gas outside the Niger Delta Basin was attempted for many years without the desired outcomes,” Buhari said.

Vandals jailed for stealing Eko Electric Property 

According to the statement, Abdullahi Yinusa was caught vandalizing 70mm (about 2.76 in) core electric cables at No 38 Akin Adesola Street, Victoria Island. He was detained by the police at Bar Beach Police Station and arraigned at the Lagos Magisterial District on the 3rd of January 2023. 

Buhari appoints BOI executive directors 

Similarly, the President also approved the appointment of Mabel Ndagi as Executive Director to take effect from  March 19, 2023.

Latest Reviews

Emefiele meets Tinubu at Aso Rock

Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.
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DOWNSTREAM

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.

NGML, TGNL Commission Ibefun 150mmscf/d Gas City Gate

According to the Group chief executive officer, NNPC, Mele Kyari, the project will promote and integrate the use of gas domestically and generate power for industries which will eventually lead to economic growth and prosperity for the people, not only in Ogun State but also in Nigeria generally.

Nigeria suspends fuel subsidy removal

The National Economic Council, NEC, on Thursday suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu...

MIDSTREAM

NLNG joins U.N. group to reduce methane emissions, pursues decarbonisation

 According to NLNG’s Managing Director and Chief Executive Officer, Dr Philip Mshelbila, the Company had signed an MoU with UNEP in the last quarter of 2022, stating that the signing demonstrated the Company’s commitment to reduce methane emissions from its operations as part of its decarbonisation journey.

NLNG declares force majeure on product supplies

“Consequently, NLNG activated force majeure clauses in accordance with the Sales and Purchase Agreements (SPA) provisions.

Savannah Energy seals gas sales deal with Notore Chemical

Savannah Energy Plc, the company's 80 per cent indirectly owned subsidiary, Accugas Limited, said it had entered into a new Gas Sales Agreement (GSA) with Notore Chemical Industries Plc.

NMDPRA begins review of petroleum regulations, meets industry players

He said the review was in fulfillment of the provisions of Sections 33 and 216 of the PIA 2021.
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NNPC Posts Crude Oil & Gas Export Receipts of $378.42m in June

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NPDC Eyes 600mmscf/d of Gas Supply to Domestic Gas Market

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Buhari renews NDPHC’s MD, Ugbo, EDs tenure for another four years

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Dangote Refinery, NDE Empower 200 Ibeju-Lekki Youths

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Elumelu’s firm completes acquisition of 30% stake in SPDC’s OML 17

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Emefiele meets Tinubu at Aso Rock

Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.

Allegation of illegal sale of 48m barrels of crude false, Malami insists

Recall that the minister took the same position when he first appeared before the panel on April 27, 2023 to give testimony.

Cables Manufacturers Score SON high as Nigeria’s Ease of Doing Business Index Climbs

According to Adubi, while SON ensures strict compliance to laid-down regulations, CAMAN as a body function as a check to the activities of its member companies by paying regular visits to their respective factories to ensure standards are maintained.

Nine communities out of grid as vandals cut down Nine towers in Ogun state

According to the General Manager (T) Lagos Region, Engr. Mojeed Akintola, the towers collapse, was discovered yesterday after a tripping was recorded, and a team was dispatched to trace the fault, leading to the discovery of the collapsed towers.

Oando, LAMATA launch Lagos first Electric Mass Transit buses

The initiative aimed at transitioning the Lagos State public transport system through the development of a pathway to a carbon free mobility ecosystem within the State, has been applauded by all stakeholders as the EV buses will provide a viable, competitive, and environmentally friendly alternative to the current internal combustion engine mass transit buses.