Oil & Gas

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

NCDMB lauds Temile/Hyundai deal to Build New LPG Vessel

The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday congratulated an indigenous shipping company, Temile Development Company on the contract signing agreement with Hyundai Mipo Dockyard (HMD) for the construction of a new 23,000 cubic meters Liquefied Petroleum Gas Carrier Vessel. The indigenous company also signed a separate agreement with NSML – an integrated […]

NCDMB lauds Temile/Hyundai deal to Build New LPG Vessel Read More »

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

FG to maximize local content opportunities in midstream/downstream sectors

The Federal Government has expressed firm determination to fully catalyze investments in the midstream and downstream sectors of the petroleum sector, with a view to creating employment for teeming youths and maximizing local content opportunities. The Minister of State for Petroleum Resources, Chief Timipre Sylva gave the assurance on Monday when he declared open the

FG to maximize local content opportunities in midstream/downstream sectors Read More »

World Gas Congress opens in South Korea

World Gas Congress opens in South Korea

World Gas Congress opens in South Korea . With NNPC, NLNG officials attending  By Eyo Nsima   The World Gas Congress, WGC, has opened in Daegu, South Korea, with Nigeria, a major gas producing and exporting nation participating.   The nation is represented by major players in the sector, including NNPC Limited, and the Nigeria LNG Limited.

World Gas Congress opens in South Korea Read More »

Dangote Refinery exports PMS to Cameroon

Dangote Refinery ‘ll meet Nigeria’s fuel requirement, export

Dangote’s 650,000 Refinery will meet 100 per cent Nigeria’s fuel demand and enough for export, the Technical Consultant, Dangote Industries Ltd, Engr. B. A. Soyode, has said. Soyode, stated this during the Nigeria Content Midstream/Downstream Oil and Gas Summit, Tuesday in Nigeria. He said the products will be of very high environmentally compliant quality specifications

Dangote Refinery ‘ll meet Nigeria’s fuel requirement, export Read More »

Breaking: Importation of fake cylinders killing local manufacturing --- Obi

Breaking: Importation of fake cylinders killing local manufacturing — Obi

Breaking: Importation of fake cylinders killing local manufacturing — Obi The Managing Director/CEO, TECNO Gas Limited, Mrs. Nkechi Obi, has urged the Federal Government to check massive importation of low quality gas cylinders into the nation. Speaking at the ongoing Nigerian Content Midstream – Midstream Oil and Gas Summit in Lagos, She said such importation

Breaking: Importation of fake cylinders killing local manufacturing — Obi Read More »

BREAKING: NNPC seeks support to tackle oil theft in Nigeria

NNPC, Sahara Group invests USD300m in gas carriers to drive clean energy access in Africa

**Targets 10 additional carriers in 10 years The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group today took delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan, South Korea, with plans to add 10 vessels in 10 years to enhance Africa’s

NNPC, Sahara Group invests USD300m in gas carriers to drive clean energy access in Africa Read More »

Wabote harps on energy security as Nigerian Content Midstream - Downstream opens in Lagos

BREAKING NEWS: Wabote harps on energy security as Nigerian Content Midstream – Downstream opens in Lagos

Wabote harps on energy security as Nigerian Content Midstream – Downstream opens in Lagos By Eyo Nsima The Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Simbi Wabote, has harped on energy security, as the Nigerian Content Midstream – Downstream Oil and Gas Summit, opens in Lagos. While welcoming attendees to the important event,

BREAKING NEWS: Wabote harps on energy security as Nigerian Content Midstream – Downstream opens in Lagos Read More »

Lack of political will responsible for Nigeria’s inability to meet OPEC quota – Zakka

By Godswill Odiong A renowned oil and gas analyst, Comrade Bala Zakka has attributed the inability of Nigeria to meet the Organisation of the Petroleum Exporting Countries (OPEC) quota to lack of political will by leaders in the country. Nigeria’s OPEC quota is pegged at 1.8 million bpd but in the last few years, the

Lack of political will responsible for Nigeria’s inability to meet OPEC quota – Zakka Read More »

Energy analyst blames heavy reliance on importation, weak currency as Jet A-1 hits N600/litre

Heavy reliance on importation and weak Naira have been blamed for the spike in aviation fuel, currently pegged at about N600/litre. An energy analyst, Comrade Bala Zakka, who stated this recently while featuring as a guest speaker in the Daily Africa Summit, said besides the Ukraine-Russia conflict, fluctuations in the global price of crude oil

Energy analyst blames heavy reliance on importation, weak currency as Jet A-1 hits N600/litre Read More »

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

What Ukraine-Russia war means for oil market, Africa economy

The Ukraine-Russia conflict has caused panic and spike in prices, but could prompt a long-term shift towards sustainability. This was the perspective of Comrade Bala Zakka, an energy analyst, who appeared as guest speaker in The Daily Africa Summit on the topic: “Ukraine-Russia War: Embargoes, Oil Market and Africa Economy”, Friday in Lagos. The analyst

What Ukraine-Russia war means for oil market, Africa economy Read More »

Scroll to Top