Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, is pleased to announce that the Company’s 80% indirectly owned subsidiary, Accugas Limited, has entered into a Natural Gas Sales and Purchase Agreement (the “NGSPA”) with Amalgamated Oil Company Nigeria Limited (“AMOCON”) for gas produced in the OML 156 sole risk […]
MOMAN, DAPPMAN support subsidy removal The Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) have declared their support for President Bola Tinubu’s pronouncement to phase out the petrol subsidy regime. The oil marketers gave their support in a joint statement issued on Tuesday in Lagos. According
MOMAN, DAPPMAN support subsidy removal Read More »
Eight Host Community Development Trusts (HCDTs) have been unveiled in Rivers State as NNPC/SPDC/TotalEnergies/NAOC Joint Venture consolidates the gains of the Petroleum Industry Act (PIA) in the region. The same number of HCDTs have already been unveiled in Yenagoa, and the latest ceremony brings to 16 the Trusts which have been presented to the public
SPDC JV unveils more Community Trusts as PIA takes root in Niger Delta Read More »
By Eyo Nsima THE Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has urged the public not to panic over the planned removal of petrol subsidy in Nigeria. President Bola Tinubu had yesterday said: “We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich
No need to panic over removal of petrol subsidy — NMDPRA Read More »
JUST IN: Petrol shortage hits Lagos, Abuja, others By Eyo Nsima Petrol shortage has emerged in Lagos, Abuja and other parts of Nigeria over uncertainty associated with the planned subsidy removal. The shortage, characterised by long queues, arbitrary prices and extortion was fueled by the government confirmation that fuel subsidy has officially ended in Nigeria.
JUST IN: Petrol shortage hits Lagos, Abuja, others Read More »
Our attention has been drawn to a false Poverty Alleviation Subsidy claim linked to Seplat Energy Plc on social media and other digital platforms. This is to state the Company is not behind this exercise. Seplat Energy does not offer any form of Government Poverty Alleviation Subsidy of this nature. For general enquiries, please refer
Seplat says Government Poverty Alleviation Subsidy linked to it is fraudulent Read More »
The Shell Petroleum Development Company, operator of the SPDC joint venture, on Tuesday unveiled eight Host Community Development Trusts in Bayelsa State, a critical step for unlocking the $56million earmarked for development in line with the provisions of the Petroleum Industry Act (PIA) 2021. The $56.13 million represents funds to be paid this year by
Shell unlocks $56.13mln for host communities Read More »
Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL (“NNPCL/CNL JV”), reiterates its commitment to the socio-economic development of its neighbouring communities. CNL confirms that about 08:40hrs, on May 16, 2023, some protesters from Ugborodo community occupied a third-party facility at CNL’s pipeline repair work
Chevron Nigeria Limited reiterates commitment to development of neighbouring communities Read More »
As part of the efforts to deepen the usage of Liquefied Petroleum Gas (LPG), a cooking gas marketer, Second Coming Nig. Ltd., has introduced 20kg composite LPG cylinders into the domestic market to deepen gas utilisation in every household. The firm’s Chief Executive Officer, Dr Basil Ogbuanu, at the launch on Tuesday in Lagos, said
Firm unveils composite LPG cylinders to deepen gas utilisation Read More »
NIGERIA: President Buhari flags off oil drilling at Chad Basin By Eyo Nsima President Muhammadu Buhari has flagged off petroleum drilling at the Lake Chad Basin which was suspended in 2017 after Boko Haram terrorists adopted scientists and geologists working for a subsidiary of the Nigerian National Petroleum Corporation. Speaking virtually at the flag-off, President
NIGERIA: President Buhari flags off oil drilling at Chad Basin Read More »