Tuesday, September 27, 2022
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Nigeria, Morocco sign MoU, kick start 7000km gas pipeline project

The Nigeria-Morocco 700 kilometers gas pipeline project kicked off in Rabat, Morocco on Thursday with the signing of a Memorandum of Understanding (MoU) between Nigeria National Petroleum Company, NNPC, Limited, the Office National des Hydrocarbures et des Mines (ONHYM) of Morocco and the Economic Commission of West Africa States, ECOWAS.

Nigeria’s daily petrol consumption hits 68m liters – NNPC

The total volume of Premium Motor Spirit (PMs) imported into the country between January and August 2022 was 16.46 billion litres, which equates to an average supply of 68 million litres per day

NNPC, four oil firms renew deal on five blocks 

.To unlock over $500bn in revenue for the country In a major step towards boosting Nigeria's crude production and...

Deliveries of LNG complies with all regulatory requirements – NLNG

Reacting to the allegation captioned: "How govt officials facilitated $1.2bn crude oil, gas theft – Source.", Odey described the report as false, malicious, saying that  from the commencement of its operations in October 1999, NLNG has never, and does not, engage in “illegal” exportation of LNG or any of its products, nor is NLNG involved in any international cartel, as alleged.

FIRE GUTS EKO ELECTRIC POWER STATION

The incident occurred earlier on Tuesday, around 3 pm when one of the 15MVA power transformers inside the substation caught fire.  

Nigeria loses 400,000 barrels daily to oil thieves – Sylva

Sylva said the problem of crude theft could not be handled in Abuja alone.

Sylva seeks deployment of technologies to make fossil fuel cleaner

Minister of State for Petroleum Resources, Chief Timipre Sylva, has called for the deployment of available technologies...

EU member states agree to cut off 15% gas demand

Island states such as Malta, Cyprus and Ireland were exempted since they were not interconnected to the EU’s gas network.

Nigeria’s Excess Crude Account Shrinks from $35.37m to $376,655

The share of the federal government from the total distributable revenue of N802.407 billion was N321.859 billion, the states received N245.418 billion, and the local governments got N182.330 billion.

Completion of $700m ANOH Gas will boost Nigeria’s power supply- SEPLAT

The chief executive officer, Seplat Energy, Roger Brown, has said that completion of $700 million the Assa North-Ohaji South Gas project (ANOH)...

Oil theft gradually strangulating Nigeria’s oil, gas sector- NLNG

 "We have been producing in the last month at about between 60 to 68 percent utilisation. In other words, roughly 35% of our capacity is empty,"

NOG 22: Ministerial visits to NLNG stand

The Minister of state for Petroleum Resources led other industry players in the Nigerian oil and gas industry to visit the Nigerian...
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TCN RESTORES NATIONAL POWER GRID AFTER PARTIAL SYSTEM DISTURBANCE

The restoration of the affected part of the grid, according to a statement, commenced immediately at 11.55am with Osogbo/Ihovbor back to the grid followed by Jebba/Osogbo, Kainji/Jebba, Benin/Onisha, Shiroro/Kaduna, Shiroro/Katampe, and Alaoji/Ikot-Ekpene. Others are Lokoja/Gwagwalada, Odukpani/Ikot Ekpene, Benin/Omotosho, Oke-Aro/Ikeja west, Egbin/Oke-Aro and Kaduna/Kano.

Nigeria thrown into darkness as national grid collapses again

The system collapse which occurred at 10:51 am on Monday, 26th September,2022, has thrown the country into darkness.

Nigeria’s oil producers created 600,000 jobs in 60 years – Kennedy

He said: “We have continued to make significant contributions to Nigeria’s development. As a group, OPTS member companies account about 90 per cent of Nigeria oil production and contributes significantly to the domestic and export gas production and supply. Over the last decade, OPTS member companies accounted for 40-60 per cent of government revenue and 85 to 95 per cent of export earnings.

Nigeria needs $10m annually for transition into Green energy – Osinbajo

“When Nigeria gets this fund, in addition to capital flow from both government and private sector, local and international, it would then be able to address majority of the issues relating to Climatic Change in the country. Nigeria has made a case that it should be on the G7 panel partnerships which will attract significant funding.”