BUA enters Nigeria’s R&P playbook with 200,000bpd plant in Akwa Ibom

September 10, 2020

Ben Eguzozie, in Port Harcourt Targets Euro-V fuels, PPL Signs agreement with France’s Axens BUA Group, the Nigerian manufacturing and foods conglomerate, is entering the country’s and West African crude oil refining and petrochemical playbook with the announcement of plans to build a 200,000 barrels per day plant in Akwa Ibom State. The multi-billion-dollar integrated […]

Buhari to get new oil and gas reform bill to boost output

adugbaesaviourAugust 19, 2020

President Mohammed Buhari is to receive from the federal ministry of petroleum resources the oil and gas reform bill in the quest to boost output and attract foreign investment.   The oil and gas reform bill is critical this time as the shift in the market that favours renewable energy has made it tough for […]

NNPC to boost domestic market gas delivery with launch of standard code 

Chris IkosaAugust 13, 2020

…Code to standardize gas value-chain …domestic consumption still low at 609.3 MMcf     As Nigeria sets code to standardize its gas value-chain, the national oil company, NNPC says it is committed to working with relevant partners and stakeholders in the oil and gas sector to boost delivery of gas to the domestic market. Known […]

NNPC pens agreement to resolve disputes over offshore-oil exports

August 7, 2020

The Nigerian National Petroleum Corporation has penned a preliminary agreement to resolve a dispute with two energy companies over oil exports, signaling a move toward resolving similar disagreements with other oil majors on revenue from several offshore oil fields. The NNPC said in a statement on Twitter it signed a deal Thursday with China’s Cnooc […]

Eni absolves management from OPL 245 payments

Ben EguzozieAugust 4, 2020

  Says development of field to bring great economic benefits to Nigeria Eni, the Italian oil giant, has published documents on its website in which it said, depict that its management was never complicit nor had any knowledge of the payments made in the multi-billion-dollar OPL 245, also called Malabu oil field.   “Eni reiterates the total alienation of […]

NNPC records N30.8bn loss in April

July 16, 2020

NNPC records N30.8bn loss in April

The national oil company, the Nigerian National Petroleum Corporation incurred a loss of N30.81bn in April 2020, representing a continuatoio of the streak of losses posted by the firm over the past couple of months. The loss also represents over 200 per cent increase in its operating deficit, latest figures from the oil firm showed […]

SEPLAT taps top banker, accountant Onwuka, as finance chief, ED

July 11, 2020

Banker was GMD of acquired Diamond Bank in heyday Seplat Petroleum Development Company Plc, the dual Nigerian Stock Exchange and London Stock Exchange listed Nigerian indigenous oil and gas company, has tapped top Nigerian banker and accountant, Emeka Onwuka, as its chief financial officer and executive director, the company announced at the weekend. Onwuka once […]

Atlas Petroleum resumes mining at OML 109 Ejubele marginal field

Ben EguzozieJuly 9, 2020

14 mapped prospects Field holds 500mb oil equivalent Atlas Petroleum International, the Nigerian indigenous oil production company, with operation in 12 African countries, has announced resumption of oil mining activities and well interventions on oil morning lease (OML) 109 in Nigeria, which would enhance production from the Ejulebe marginal field. The oil block was awarded […]