Shell, Rivers face-off over OML 11, Kidney Island brews up for epic battle
Ben Eguzozie
December 30, 2020
Rivers takes over Kidney Island State says implementing court judgement Shell says action premature, unlawful Cites on-going appeal court matter fixed for January 14, 2021 A drama that began in 2019 and which is being directed by Governor Ezenwo Nyesom Wike of Rivers State that involves a lucrative oil asset being superintended by the […]
Seplat Petroleum signs crude purchase agreement with Waltersmith refinery
Ben EguzozieDecember 24, 2020
CPA involves 2000–4000-bpd crude for Waltersmith’s 5,000-bpd refinery First private commercial in-country crude refining Agreement 30 days after Buhari inaugurated Waltersmith Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian and the London Stock Exchanges, has signed a crude purchase agreement (CPA) with Waltersmith Petroman Oil […]
New economic fortunes seen for Nigeria’s south-east in Waltersmith’s 5,000-bpd refinery
Ben EguzozieDecember 18, 2020
Will boost energy output, manufacturing, downstream jobs Will facilitate petroleum products supply, contribute to development, eco-friendly Members of the organised private sector in the South-east region are seeing new economic fortunes for the region as part of the economic impact of the recently inaugurated Waltersmith modular refinery in Ibigwe, Ohaji-Egbema local council of […]
UK energy company, InterGen, to build world’s largest city power bank
Ben EguzozieDecember 18, 2020
With 320MW/640 MWh, facility can provide 2hrs electricity to 300,000 homes Project’s construction 2022, completion 2024, at £200m Power bank also expandable to 1.3GWh A United Kingdom energy company, InterGen, has been granted approval by the UK government to build the world’s largest energy storage system (otherwise called power bank) by the […]
Shell Nigeria Gas CEO leads Nigeria Gas Association to 2022 in oil transition era
Ben EguzozieDecember 17, 2020
Passionate new team faces task to drive Nigeria gas industry in oil transition era Ed Ubong, the managing director of Shell Nigeria Gas (SNG), has emerged president of the Nigeria Gas Association (NGA), the apex voice of the Nigerian natural gas industry. He is set to lead the NGA new executive council […]
NNPC presses on for $10pb production benchmark in pursuit of cost efficiency
Onome AmugeDecember 17, 2020
By Onome Amuge Confident oil to be in energy mix till 2050 The Nigerian National Petroleum Corporation (NNPC) is continuing its push to see that the cost of producing crude oil in Nigeria is reduced and it says its target is for a unit production cost of oil at $10 per barrel. NNPC’s […]
Nigeria’s $30bn fuel import bill receives flaks at Port Harcourt conference
Ben EguzozieDecember 17, 2020
A Port Harcourt international conference on gas, refining and petrochemicals organised by the Centre for Gas, Refining & Petrochemicals (CGRP), University of Port Harcourt, in collaboration with the Nigerian Society of Chemical Engineers (NSChE) is miffed at Nigeria’s $30 billion expended yearly on importation of petroleum products, despite the country being Africa’s top oil producer. […]
NNPC assures on Lagos-Ibadan expressway gas pipeline rupture caused by construction company
Ben EguzozieDecember 16, 2020
…facility isolated, depressurized …undisclosed gas volume shut-in The national oil company, Nigerian National Petroleum Corporation (NNPC), has reported a rupture of its gas pipeline along the Lagos-Ibadan expressway stretch that supplies product to Ibadan north of the commercial city. The facility, managed by Nigerian Gas Marketing Company (NGMC), a subsidiary of the NNPC, […]
China approves 85% loan to facilitate Nigeria’s $2.6bn gas pipeline project
Onome AmugeDecember 16, 2020
By Onome Amuge China has granted approval of the 85 percent loan needed to fund the $2.6 billion Ajaokuta-Kaduna-Kano gas pipeline project, the Nigerian government has announced. Zainab Ahmed, minister of finance, budget and national planning, and Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), following the inspection of the gas […]
NNPC presses on for $10pb production benchmark in pursuit of cost efficiency
Onome AmugeDecember 9, 2020
By Onome Amuge Confident oil to be in energy mix till 2050 The Nigerian National Petroleum Corporation (NNPC) is continuing its push to see that the cost of producing crude oil in Nigeria is reduced and it says its target is for a unit production cost of oil at $10 per barrel. NNPC’s aim […]