Just in: 28 houses, 39 vehicles, 5 deaths, many injured in Lagos pipeline fire
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, in Lagos Monday, described late night to early morning pipeline fire in Ilepo, Ekoro, Abule Egba and Alimosho area of Lagos State as unfortunate. Whereas preliminary investigation…
Drop in gas supply frustrated power generation throughout 2019
Fact check beginning from January 2019 to year end on reasons behind poor supplies of electricity across the country has revealed that distorted supply of gas to power plants remains the highest factor amongst others. Also, the poor supply of…
Delay suffered by FID on $10bn NLNG Train 7 may make or mar sector in 2020
The Nigerian energy sub sector is currently in serious dilemma following the observed failure of the Federal Government and other shareholders of the Nigeria LNG Limited to take a Final Investment Decision (FID) on the company’s Train 7 project at…
2023 end of fuel imports; not political but a realistic deadline—NNPC
…But analysts differ, seek deadline not close to election year In the history of Nigerian government’s deadline setting, history has shown that any project deadline set for an election year rather than a year within the official period of the…
Why NNPC can’t award crude shipping contracts to local shippers for now
Clear facts have emerged on why the chances of local content adoption in the freighting or shipment of ordered crude oil to international customers’ by the Nigerian National Petroleum Corporation (NNPC) cannot be that feasible. Even though the provisions of…
Negative fallouts of signed Production Sharing Contract law still rising
Whereas the key targets by the Federal Government to take International Oil Companies (IOCs) by storm in packaging the recently signed Production Sharing Contract (PSC) bill into law include to jerk up royalties from dividends of oil majors, increase revenues…
NLNG to appear before Senate for local content details on $10bn Train 7 scheme
Once the Final Investment Decision (FID) on the Train 7 Project of the Nigeria LNG Limited is taken, the Nigerian Senate will invite the Managing Director, Mr. Tony Attah to provide details on the local content compliance. This was the…
Ghana begins review of GNPC’s mandate to end unnecessary diversion
Due to observed involvements in irrelevant projects and expenditure that have nothing to do with control and regulatory roles in Ghana oil and gas industry, moves are on to review the establishment Act of the Ghana National Petroleum Corporation (GNPC)….
Still waiting for report on commercial viability of new found oil
…As FG begins hydrocarbon survey in Bida Basin Whereas Nigerians have continued to wait on the Nigerian National Petroleum Corporation (NNPC) to release the results of its research on the commercial viability of new found oil reserves in Gongola Basin…
Dangote’s remark that ‘We would sell products at import price’ a wakeup call—Experts
More development economists have continued to review the meaning of the recent comments by the Group Executive Director, Strategy, Capital Projects and Portfolio Development, Mr Devakumar Edwin, during the first official visit by the new Minister of State for Petroleum…
