Nigeria’s revenue under threat as India cuts oil import by $39.5bn

May 11, 2021

  Wale Ameen Online Editor   Nigeria’s oil revenue may be up for some potential threat as the country has been hit by a reduction in the demand of its crude oil following a reduction of importation by India.   India which is Nigeria’s largest crude oil importer is said to have reduced its imports […]

Nigeria’s exact crude oil production volume unknown – NEITI

April 16, 2021

Arakunle Kayode   According to the Nigeria Extractive Industries Transparency Initiative, no one knows the exact volume of crude oil generated in Nigeria, especially in deep offshore fields. Orji Ogbonnaya-Orji, NEITI’s Executive Secretary, revealed this during a courtesy call on Mansur Liman, Director-General of the Federal Radio Corporation of Nigeria, in Abuja. He said this […]

Nigeria’s 203 tscf gas nothing if undeveloped – Attah

March 30, 2021

…Country yet to set up credible energy transition framework …A gas-rich nation, but energy poor     Ben Eguzozie, in Port Harcourt   Nigeria’s proven 203 trillion standard cubic feet of gas would amount to a dormant wealth generating zero income to the country, if it is not developed and utilized to meet the nation’s […]

NLNG’s $7bn Train 7 faces headwinds over alleged non-compliance with Bonny Kingdom, core host’s local content

Wale AmeenMarch 5, 2021

…BKLCCC accuses gas company of neglect of its contractors …But NLNG says it considers core host as trusted partner   Ben Eguzozie, in Port Harcourt   Nigeria’s foremost gas liquefaction company’s (NLNG) incoming $7 billion Train 7, which is the country’s boldest effort in gas business in nearly a decade, faces headwinds over alleged non-compliance […]

Nigerian engineers to manage world’s largest single train refinery

Ben EguzozieMarch 1, 2021

  $15bn complex to save Nigeria 41% importation cost – Emefiele Nigerian private sector set to push 850,000bpd refining capacity by 2024 CBN gives N100bn to DOR, arranging domestic refined crude sale in naira Fertilizers, petrochemicals to generate $2.5bn revenue annually – Dangote     The management of Dangote Oil Refinery (DOR) says it is […]

NNPC, again, denies FG planning increase in fuel price this month

Ben EguzozieMarch 1, 2021

NNPC, again, denies FG planning increase in fuel price this month

  Cautions against hoarding, panic buying But PMS sells N170 in South-east, South-south       The Nigerian National Petroleum Corporation (NNPC), the country’s national oil company, has come out again to deny any plans by the federal government to raise the pump price of petrol,the product the country consumes in excess of 52 million […]

REA delivers 100kW hybrid solar mini grid to Edo community

February 25, 2021

REA delivers 100kW hybrid solar mini grid to Edo community

By Tobias Pius   As part of its determination to further push renewable energy solutions as the way forward for bridging the electricity gap in the country, Nigeria’s Rural Electricity Agency (REA) has delivered a 100kW hybrid solar mini-grid to the Adebayo Community in Ovia South East local government of Edo state, in line with […]

OPL 310: LEKOIL engages Optimum Petroleum over CRSA agreement

Ben EguzozieFebruary 25, 2021

LEKOIL engages Optimum Petroleum over CRSA agreement

  Seeks mutually agreed interpretation of agreement   LEKOIL, an oil and gas exploration and production company with focus on Nigeria and West Africa region has announced that Mayfair Assets and Trusts Limited, in which it has a 90 per cent economic interest, has received a letter from Optimum Petroleum Development Company OPDC), the operator […]