Oil & Gas

Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

Energy transition: We’ll continue to explore, produce gas for development

By Eyo Nsima African oil and gas producing countries, said they would continue to explore and produce natural gas for development, despite the quest for Energy transition, globally. Speaking at the VIP and Ministerial Symposium of this year’s Africa Oil Week, in Cape Town, South Africa, the former Minister of State for Petroleum Resources, Dr. […]

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DOWNSTREAM: NNPCL acquires OVH Energy, now largest filling station owner in Nigeria

By Eyo Nsima Nigerian National Petroleum Company Limited, NNPCL, has acquired the assets of OVH Energy Limited, thus becoming the largest downstream investor in Nigeria. Speaking at the unveiling of the new outlets in Abuja, Nigeria’s capital, the Chairman of NNPCL, Senator  Margery Okadigbo said the company has moved closer to its target of having

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Nigeria at 62: Chevron’s Commitment to Enabling Local capacity

As the nation celebrates her 62nd independence, Chevron companies in Nigeria are proud of our partnership and contributions to the social and economic development of the country. We have learnt through decades of operating in Nigeria that our business success in providing affordable, reliable, ever-cleaner energy is directly tied to the progress and prosperity of

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East Africa’s energy future shines bright – investors watching

African Upstream Finance: Ahead of Africa Oil Week, Silver Sponsor Herbert Smith Freehills (HSF) shares its expertise

By William Breeze and Thomas Bethel At first glance, one would expect African upstream finance to be in healthy shape: the oil price is high by historic standards; gas is an essential transitional fuel; domestic demand for hydrocarbons continues to grow; government support for upstream development continues; and returns in the sector are strong. However,

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NLNG reiterates commitment to delivering Train 7 benefits to Nigerians

Gas and market challenges impeding LPG supply into the domestic market – NLNG

Nigeria LNG Limited (NLNG) has said it remains committed to supply 100% of all its Liquified Petroleum Gas (LPG) production (butane and propane) to the Nigerian domestic market despite feedgas and market challenges. NLNG’s Managing Director/Chief Executive Officer, Dr. Philip Mshelbila, made the statement today at the Nigerian Association of LPG Marketers (NALPGAM) 35th Annual

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Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

LNG: Sovcomflot and Gazprom Complete Russia’s First Ship-To-Ship Bunkering

By Our Correspondent Sovcomflot, Russia’s largest shipping company, and Gazprom Neft, a Russian oil company, carried out their first ship-to-ship LNG bunkering operation at the port of Ust-Luga, according to FleetMon. It stated: “This marks the first domestic LNG bunkering operation in Russia’s transport history. “Gazprom Neft’s bunker vessel, the Dmitry Mendeleev, successfully fueled Sovcomflot’s

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Nigeria partners India to boost LPG supply by 194%

By Eyo Nsima The Nigerian National Petroleum Company Limited (NNPCL) has partnered an Indian company, Indian Oil Company, IOC, to supply five million metric tonnes of Liquefied Petroleum Gas, LPG, in order to increase supply by 194 percent, from last year’s 1.7mmt. Speaking at the World LPG Association India-Nigeria Summit 2022 in Abuja yesterday, Group

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TotalEnergies denounces dissemination by Greenpeace of false and misleading information on greenhouse gas emissions

TotalEnergies predicts cash flow to grow by $4bn in next 5 years

By Eyo Nsima TotalEnergies, an International Oil Company, IoC, has predicted that its cash flow would grow by $4 billion in the next five years. In its 2022 Strategy & Outlook Presentation, obtained by The Daily, www.thedaily-ng.com, the company, stated: “In addition, the Company expects underlying cash flow (excluding Russia) to grow by $4 billion

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NUPRC Proposes Declaration of State of Emergency  to Tackle Oil Theft, Others

NUPRC to probe oil firms’ operations for improved output in Nigeria

By Eyo Nsima The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has concluded plans to invite exploration and production (E&P) companies to scrutinise their operational and commercial activities. In a statement obtained by The Daily, www.thedaily-ng.com, Gbenga Komolafe, chief executive officer (CEO), NUPRC, stated that the commission is determined to take bold steps toward addressing the

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TotalEnergies denounces dissemination by Greenpeace of false and misleading information on greenhouse gas emissions

Qatar: TotalEnergies selected as QatarEnergy’s first partner in the North Field South LNG project

By Eyo Nsima Following its selection as the first partner for the 32 million ton per annum (Mtpa) North Field East (NFE) liquefied natural gas (LNG) project, TotalEnergies has again been selected as the first international partner in the 16 Mtpa North Field South (NFS) LNG project. Pursuant to the agreement, TotalEnergies will obtain a

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