The Nigerian Content Development and Monitoring Board, NCDMB and key organisations in the oil and gas industry – the Petroleum Technology Association of Nigeria, PETAN, Petroleum Contractors Trade Section, PCTS, Oil Producers Trade Section, OPTS and the Nigeria LNG Ltd have advised against increasing the percentage of the Nigerian ContentRead More

Nigeria stands to become the refining haven for Africa if it allows full deregulation of the downstream sector. The above assertion was made by Chairman, Major Oil Marketers Association of Nigeria, MOMAN, Tunji Oyebanji at the maiden webinar session of the Association of Nigerian Energy Correspondents, NAEC held on Friday.Read More

…targets more gas-powered vehicles in Nigeria  …lauds govt., assures of easy conversion of cars to run on gas  The Nigerian Independent Petroleum Company, NIPCO has expressed its commitment to ensure that more vehicles run on gas in Nigeria to improve efficiency and guarantee a cleaner environment. The Managing Director, NIPCO GasRead More

The 19th virtual Federal Executive Council meeting presided over by President Muhammadu Buhari has approved Nigeria’s contribution of $2 million to the 2020 budget of the West African Power Pool (WAPP). Minister of Power, Saleh Mamma, made the disclosure at the end of the meeting held at the Council ChambersRead More

President Muhamadu Buhari has appointed three new Executive Directors to join the MD/CEO and other two Executive  Directors of Niger Delta Power Holding Company, NDPHC Limited in steering the affairs of the company and to boost power infrastructure capacity in the country. The three additional Executive Directors appointed are forRead More

…project creates 300 jobs The Nigerian Content Development and Monitoring Board, NCDMB has commended Total Exploration and Production Nigeria, TEPNG, and Pipe Coaters Nigeria, PCN Limited for the local content strides being recorded on the Total Ikike Line Pipe Coating Project, which is ongoing at PCN facility in Onne FreeRead More

As part of concerted efforts to ramp up gas-to-industries and gas-to-power in the country, the Nigerian National Petroleum Corporation (NNPC) has revealed that the Asa North-Ohaji South (ANOH) gas project, one of the largest greenfield gas condensate development projects ever undertaken in Nigeria, was expected to produce 600million standard cubicRead More

  Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019. A statement by the Corporation’s spokesman, Dr. Kennie Obateru, quotedRead More

LAGOS, OCTOBER 14- Association of Energy Correspondents of Nigeria, NAEC, will on Friday play host to the Major Oil Marketers Association of Nigeria, MOMAN as it flags off the first discourse in its webinar series for 2020. Themed: ‘Challenges and Impact of a Deregulated Downstream Sector on Nigeria’s Economy’, MOMANRead More

The Organisation of Petroleum Exporting Countries (OPEC) has projected that despite the growing need for renewables as a source of energy, crude oil, and its associated products will remain the largest contributor to the energy mix in the next 25 years. In its annual World Oil Outlook (WOO) 2020, releasedRead More