Sunday, October 1, 2023

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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.

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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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Task Force on WAPP Regional Grid Code concludes first assignment in Accra

The report of the task force will first be presented for validation to ERERA’s joint Consultative Committees of Regulators and Operators, an organ set up to assists ERERA’s Regulatory Council in its decision-making role.

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. 

NNPC takes over Addax Petroleum assets

The Nigerian National Petroleum Company (NNPC) Limited has taken over the assets of Addax Petroleum’s production sharing contract (PSC).

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.

Mega gas discovery for Chevron offshore Egypt

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, has confirmed that the US super major Chevron has made a significant...

Fitch upgrades FBN Holdings to ‘B’ outlook stable

The global rating agency said this in a report that the upgrade of the Long-Term IDRws that of the VRs, reflects the corporate governance irregularities publicly raised by the Central Bank of Nigeria (CBN) in April 2021.

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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.
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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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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

President Muhammadu Buhari has approved the renewal of the appointment of Mr Joseph Chiedu Ugbo as the Managing Director of Niger Delta...

NNPC Becomes EITI Partner Company

The Nigerian National Petroleum Corporation (NNPC) has become an Extractive Industries Transparency Initiative (EITI) partner company, joining a group of over 65...

New NLNG Board Chairman Inaugurated

The newly appointed Chairman of the Board of Directors of Nigeria LNG Limited hasformally assumed duty following a ceremony at the Corporate...

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)...

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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.