Nigeria’s Bonny Light price hits $74.38 per barrel By Eyo Nsima The price of Nigeria’s Bonny Light has risen to $74.38 per barrel as the Organization of Petroleum Exporting Countries, OPEC moves to achieve oil market stability. The price of the oil grade has risen to $85 per barrel, dropped below $70, before leaping to […]
Nigeria’s Bonny Light price hits $74.38 per barrel Read More »
By Eyo Nsima Managing Director, Shell Nigeria Gas & President Nigerian Gas Association , Ed Ubong has called for urgent strategy to grow Nigeria’s capacity in the gas sub-sector. This, according to him, would ensure that gas is used to spur industrial development across all parts of the country. “We need to begin the process
Nigeria needs gas for accelerated industrial development –NGA President Read More »
After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon. With this transaction, in an amount of $350 million before final adjustment, TotalEnergies EP Gabon is divesting its interests
By Mohammad Sanusi Barkindo It was with great sadness that we had to postpone our in-person participation at the 23rd World Petroleum Congress (WPC). This was due to the ongoing challenges related to the COVID-19 pandemic with a recently reintroduced lockdown in the OPEC Secretariat’s home country of Austria, as well as the emergence of
Narrative around energy transition has been overtaken by emotional outbursts Read More »
By Eyo Nsima TotalEnergies and Plastic Omnium have signed a strategic partnership that will see them join forces to design and develop new plastic materials, made from recycled polypropylene, which meet the demanding aesthetic and safety standards that apply to the automotive industry. TotalEnergies and Plastic Omnium will pool their innovation and engineering skills to
Energy Capital & Power (ECP) has announced that Woodside Energy Senegal Country Manager Andy Demetriou will participate at the MSGBC Oil, Gas, & Power 2021 Conference and Exhibition taking place in Dakar, Senegal from 16-17 December. Australia’s Woodside Energy is playing a major role in developing the offshore block of the SANGOMAR project. The SANGOMAR
Woodside Energy confirms participation at MSGBC Oil, Gas & Power 2021 Read More »
By Eyo Nsima A leading oil and gas producing company, Heritage Energy has reached a gross production of 50,000 bopd, in its Oil Mining Lease, OML 30. In a report obtained from its website the company stated: “Gross production from OML 30 has reached over 50,000 bopd, in part from the benefit of continued maintenance
OML 30: Heritage Energy hits over 50,000 bp/d gross production Read More »
LPG now designated fuel of choice in Nigeria as 20-million Cylinder Injection Scheme set-up …Nigeria presents a unique LPG investment destination, VP adds_ “The world should not have to choose between energy poverty and climate change as this can be addressed with both natural gas and Liquified Petroleum Gas as transition fuels alongside other renewable
On December 1, 2021, Chevron Nigeria Limited (“CNL”), operator of the joint venture with the Nigerian National Petroleum Company Limited, (“NNPC”) – “NNPC/CNL JV” – marked 60 years of its operations in Nigeria. It was on December 1, 1961, that Gulf Oil Company, a subsidiary of Gulf Corporation, was registered in Nigeria and obtained its
As part of its Corporate Social Responsibility (CSR) programmes, Dangote Oil Refining Company has awarded scholarships to students of 137 tertiary institutions and secondary schools from its host communities in Ibeju Lekki, Lagos State. The company said the scholarship had become an annual event meant to contribute to the educational development of the people and
Dangote Refinery awards scholarship to students in host communities Read More »
