By Eyo Nsima The International Oil Companies (IoCs) will pay N380.04 billion in October 2022 as proceeds from the sale of domestic crude oil. The Nigerian National Petroleum Company (NNPC) Limited disclosed this in its monthly presentation to the Federation Account Allocation Committee (FAAC) meeting on Friday, September 23, 2022. A FAAC document obtained by […]
JUST IN: IoCs to pay N380bn for domestic sales in October Read More »
Representing the cleanest fossil fuel as well as the most widely available in Africa – the continent boasts over 620 trillion cubic feet (tcf) of proven gas reserves, with new exploration campaigns set to increase this figure two-fold – monetizing and utilizing gas will enable Africa to make energy poverty history by 2030. In addition
Avedia Gas joins African Energy Week (AEW) 2022 as Bronze Sponsor Read More »
By Esueme Dan Kikile ESQ Twelve years of strategic planning and creative deployment of regulatory powers at the Nigerian Content Development and Monitoring Board have literally reinvented Nigeria’s oil and gas industry to a degree that national aspirations, for decades elusive, have suddenly become realisable. Those aspirations, consecrated by evidence of how Middle Eastern countries with
Oil & Gas Rediscovered: The Prospector, NCDMB Read More »
Attorney-General of the federation and minister of justice, Abubakar Malami SAN said that Nigeria is making concerted efforts in addressing oil theft including spending enormous resources on Pipeline Surveillance Security through the regular Armed Forces budgetary spending, and payments to Civilian Security Companies under unique Public Private Partnership (PPP) arrangements. This was made known by
UNGA 2022: Malami extolls how Buhari addresses crude oil theft Read More »
By Our Correspondent The Construction of “Deutsche Ostsee”, a LNG terminal in Lubmin, East Germany began on 20th September, 2022, according to FleetMon. It stated: “This is the first floating LNG terminal in Germany that is being privately funded by a consortium of companies. Deutsche ReGas, the company leading the effort stated that the terminal
Africa’s largest private power business, Sahara Group, has become a member of leading global carbon capture, utilisation and storage (CCUS) research organisation, CO2CRC. The leading energy and infrastructure conglomerate joined the Australian-based CO2CRC to drive its commitment to reducing its emissions footprint and building a more sustainable business model. The company’s emissions reduction aspirations
CO2CRC welcomes Sahara Group as the latest member of CO2CRC Read More »
…provides free medical eyecare to 2000 Lagosians By Eyo Nsima Nigeria’s premier deep-water oil and gas exploration and production company, Shell Nigeria Exploration, and production Company Limited (SNEPCo), says the scheduled turnaround maintenance of its offshore Bonga asset would be defined by safety as top priority. SNEPCo’s Managing Director, Elohor Aiboni, gave this charge
SNEPCo harps on safety ahead of Bonga Turnaround Maintenance Read More »
By Our Correspondent A Product tanker LARKO broke off her moorings at Guaraguao Oil Terminal, Puerto La Cruz, Venezuela, at around 0830 LT September 17, 2022, during loading of gasoline, according to FleetMon. It stated: “Product tanker LARKO broke off her moorings at Guaraguao Oil Terminal, Puerto La Cruz, Venezuela, at around 0830 LT Sep
MARITIME ACCIDENT: Tanker broke off moorings causing Oil Terminal fire in Venezuela Read More »
By Our Correspondent The African Energy Chamber (AEC), in collaboration with the African Continental Free Trade Agreement (AfCFTA) Youth Forum, will host a Youth Energy Roundtable discussion during this year’s edition of African Energy Week (AEW) – taking place from October 18-21, 2022 in Cape Town. During the forum, discussions will largely center on the
By Our Correspondent TotalEnergies has completed the divestment of its 18 per cent interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. According
Iraq: TotalEnergies sells non-operated interest in the Sarsang oil field Read More »
