Rainoil receives commendation for driving domestic utilisation of LPG
Innocent Obasi
November 16, 2022
By Innocent Obasi Rainoil Limited, an integrated downstream company, has received commendation from African Refiners and Distributors Association (ARDA), a pan-African non-governmental organization, for its gas facility located at Ijegun-Egba, Amuwo Odofin LGA, Lagos State. Marième Decraene, president of ARDA, Anibor Kragha, executive secretary, and other delegates made the commendation during a recent tour of the facility. ARDA […]
Shell, GE sign MoU to reduce carbon intensity using hydrogen
Innocent ObasiNovember 9, 2022
By Innocent Obasi Shell Global Solutions, a leader in liquefied natural gas (LNG) for more than 50 years, and GE Gas Power have signed a development agreement to explore alternative routes aiming to lower the carbon intensity of Shell’s LNG supply projects worldwide. Under this agreement, GE will speed up development for the use […]
Dangote refinery to account for over half of Africa’s medium-term refining additions – OPEC
Innocent ObasiNovember 4, 2022
By Innocent Obasi …projects natural gas to surpass oil The oncoming Dangote refinery has the capacity to provide more than half of the planned distillation additions in Africa in the medium term, according to the Organisation of Petroleum Exporting Countries (OPEC). The oil cartel, which made the disclosure in its latest World Oil Outlook report, also projected […]
Nigeria to see increased production from assets exited by Addax, says Kyari
Innocent ObasiNovember 4, 2022
By Innocent Obasi …as 4 oil mining blocks revert to NNPC Sinopec’s Addax Petroleum Development (Nigeria) Limited is exiting its four major oil mining blocks in the country after it signed a transfer, settlement and exit agreement with the Nigerian National Petroleum Company (NNPC) Limited. The agreement was signed by Umar Ajiya, chief financial officer […]
NNPC, others partner to construct offshore base in Niger Delta
Olivia NnoromOctober 31, 2022
By Olivia Nnorom The Nigerian National Petroleum Company Limited (NNPC) has partnered Akwa Ibom State government and Solutions Hub Limited to establish a fully integrated, deepwater logistics shore base in the Niger Delta state that will offer offshore construction and logistics services to the eastern flank of Nigeria, the West and Central African region. […]
NNPC, Daewoo sign MoU on Kaduna Refinery rehabilitation
Innocent ObasiOctober 28, 2022
By Innocent Obasi The Nigerian National Petroleum Company (NNPC) Ltd has signed a Memorandum of Understanding (MoU) with Daewoo Group, a South Korean conglomerate and automobile manufacturer, for the rehabilitation of the refinery in Kaduna. Both parties signed the agreement on Thursday during the 2022 World Bio Summit in Seoul, South Korea. A statement by Femi […]
Nigeria’s first offshore petroleum terminal ready for commissioning
Innocent ObasiOctober 19, 2022
By Innocent Obasi The first offshore subsea petroleum products terminal in Nigeria, constructed by Pinnacle Oil and Gas Limited, is ready and will be commissioned by President Muhammadu Buhari on Saturday, 22 October. Peter Mbah, CEO, Pinnacle Oil and Gas Limited, an indigenous oil and gas company active across the entire downstream value chain, disclosed this on Tuesday […]
AEC, Afreximbank sign MoU to boost private-sector investments in Africa’s oil & gas
Onome AmugeOctober 18, 2022
By Onome Amuge The African Energy Chamber (AEC) and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to enhance private sector investments across Africa’s oil and gas industry. The MoU was signed by NJ Ayuk, the executive chairman of the AEC, and Benedict Oramah, president, Afreximbank, during the first […]
Nigeria to see increased oil production as Shell resumes export at 400,000-bpd Forcados Terminal
Innocent ObasiOctober 14, 2022
By Innocent Obasi Nigeria is expected to see an increase in its oil production as Shell Petroleum Development Company Limited (SPDC) hinted in a statement on Wednesday that its 400,000 barrels per day (bpd) Forcados Oil Terminal would resume export operations by the end of this month. This is coming after months of underproduction […]
Nigeria, Morocco to endorse $25bn gas pipeline funding agreement in 2023
Innocent ObasiOctober 14, 2022
By Innocent Obasi Nigeria and Morocco are expected to endorse an agreement on the funding of the $25 billion gas pipeline that would run from Nigeria to Morocco next year, reports said quoting Mele Kyari, group CEO of Nigeria National Petroleum Company Limited (NNPCL). The huge infrastructure is expected to supply gas to Europe, […]