Thursday, March 23, 2023

Latest News

We pay for only electricity generated, put on the grid – NBET 

The Nigerian Bulk Electricity Trading (NBET), has said that it only responsible for electricity generated and put on the grid and not...

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.

Nigeria launches six regulations for Midstream, Downstream petroleum sector

The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as  Natural Gas Pipelines Tariff Regulations, 2023.

NBET denies NDPHC January payment

NDPHC, from data gathered by energy TIMES, was billed N854,104,159 million, having consumed 861,007.18 million cubic feet of gas in the month of January.

CBN advises Central Bankers in Africa to ensure tighter regulation of banks

Emefiele gave the charge on Wednesday, March 15, 2023, at the opening of the 2023 African Central Bank Conference held at the Global Leadership Center, Johannesburg, South Africa.

Shell lifts force majeure on Bonny light exports

The force majeure was declared on March 3, 2022 following a significant decline in crude receipts at the Bonny Oil and Gas Terminal.

Business

UPSTREAM

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HAVE YOU SEEN THIS?

Nigeria’s power generation to rise by 2000MW in 2024- Seplat

The energy company maintains that its ANOH and upgraded Sapele gas projects could fuel another 2000 megawatts of electricity by 2024, thus displacing the wide use of diesel/petrol generators for electricity as well as the use of biomass as cooking fuel.

For selling 1m liters of Oleum lubricants

The duo, Chucorl Nigeria Limited, and Ade De Young Auto Limited who met and exceeded the set target in the distribution of OLEUM lubricants were awarded OLEUM branded trucks at the ceremony.

FG sacks, replaces MDs of Kano, Kaduna, Benin Discos

The three firms were considered to be technically incapacitated, and financial insolvent after their loan facilities from Fidelity Bank became moribund, landing them in trouble with the Bank

BridgeGap  launches 56Bridge App in Lagos

BridgeGap Consults Limited has launched 56Bridge, a video enable recruitment and hiring App in Lagos on Tuesday

‘Nigeria can be the Energy hub of Africa’

HEOSL is the operator of OML 30 Joint Venture between the Nigeria Petroleum Development Company (NPDC) and Shoreline Natural Resources Limited (SNRL).

FG orders retailers to accept PoS, fund transfer for payment at petrol stations

The Authority frowns at this recent behaviour which is causing untold hardship for Nigerians at a time when all hands should be on deck to assist the Government in the transition to the new Naira.

Latest Reviews

We pay for only electricity generated, put on the grid – NBET 

The Nigerian Bulk Electricity Trading (NBET), has said that it only responsible for electricity generated and put on the grid and not...

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.

Nigeria launches six regulations for Midstream, Downstream petroleum sector

The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as  Natural Gas Pipelines Tariff Regulations, 2023.
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DOWNSTREAM

Nigeria launches six regulations for Midstream, Downstream petroleum sector

The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as  Natural Gas Pipelines Tariff Regulations, 2023.

Nigeria’s Fuel scarcity: President sets up 14-member committee

To further ensure sanity in the supply and distribution across the value chain, Sylva directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure strict compliance with the government approved ex-depot and retail prices for PMS.

Nigeria’s Energy Editors demand immediate end to  fuel scarcity

NAEC ,therefore, recommends that NNPCL should ensure a transparent subsidy system that will allow the supply figures and cost templates that provide basis for subsidy claims to be verifiable.

NNPC adjusts pump price to N185, Oil majors N195 per liter 

ENERGY TIMES investigation revealed that most NNPC’s outlets in the Lagos metropolis have adjusted their pump prices to N185 per liter. 

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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RANDOM NEWS

NNPC Posts Crude Oil & Gas Export Receipts of $378.42m in June

The state-run Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export receipt of $378.42million in June 2020...

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

The Nigerian Petroleum Development Company (NPDC), an Exploration and Production subsidiary of the Nigerian National Petroleum Corporation (NNPC), is looking at boosting...

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

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NNPC Becomes EITI Partner Company

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New NLNG Board Chairman Inaugurated

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Antipiracy War: Nigeria Secures Premier Conviction under SPOMO ACT

The Federal High Court in Port Harcourt has convicted three persons accused of involvement in the hijack of an Equatorial Guinean flagged...

Dangote Refinery, NDE Empower 200 Ibeju-Lekki Youths

The Dangote Refinery Group in collaboration with the National Directorate of Employment (NDE) has began a six-month skills’ acquisition programme for the...

FG Inaugurates Gas Transportation Network Code to Boost Gas Penetration

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NNPC Signs Pact with Partners to Resolve OML 130 Dispute

…Resolution Will Immediately Unlock about $510million of Gas Revenue In its bid to meet the target of revving up production to 3million...

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

The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML)...

Most Popular

We pay for only electricity generated, put on the grid – NBET 

The Nigerian Bulk Electricity Trading (NBET), has said that it only responsible for electricity generated and put on the grid and not...

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.

Nigeria launches six regulations for Midstream, Downstream petroleum sector

The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as  Natural Gas Pipelines Tariff Regulations, 2023.

NBET denies NDPHC January payment

NDPHC, from data gathered by energy TIMES, was billed N854,104,159 million, having consumed 861,007.18 million cubic feet of gas in the month of January.

CBN advises Central Bankers in Africa to ensure tighter regulation of banks

Emefiele gave the charge on Wednesday, March 15, 2023, at the opening of the 2023 African Central Bank Conference held at the Global Leadership Center, Johannesburg, South Africa.

Shell lifts force majeure on Bonny light exports

The force majeure was declared on March 3, 2022 following a significant decline in crude receipts at the Bonny Oil and Gas Terminal.

CBN orders banks to receive, dispense old Naira notes

The CBN gave the directive at a Bankers’ Committee meeting held on Sunday, according to a statement by the Acting Director, CBN Corporate Communications, Isa AbdulMumin, on Monday.