Aramco, TotalEnergies to build giant petrochemical complex in S’Arabia
The Saudi Arabian Oil Company (“Aramco”) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex will be owned, operated, and integrated with the existing SATORP refinery…
Just in: NNPCL slashes fuel lifting price to N148 per litre
As part urgent drive to end fuel scarcity nationwide, the Nigerian National Petroleum Company Limited (NNPCL), yesterday, adopted new measures aimed at guaranteeing adequate fuel supply across the country, by fixing N148 per litre as the price for lifting petrol…
Afreximbank’s Facilitates NNPC acquisition of Chevron’s Assets
A $300 million, which is part of a $1 billion deal between Bestaf company and Afreximbank, facilitated acquisition of key oil production assets operated by oil major Chevron by the Nigerian National Petroleum Company Limited (NNPCL). Bestaf is a subsidiary…
Nigeria’s Oil output jumps to 1.18mbpd amidst fight against oil thieves
Following the recent hike in the war against oil thieves within the Nigerian waters, the nation’s crude oil production rose to 1.185 million barrels per day in November 2022, representing the highest output by the country in the past seven…
Wabote explains role of NCCF as industry chiefs hail NCDMB Feats
Indigenous operators and service companies in the oil and gas industry have been advised to identify with appropriate Sectoral Working Groups under the Nigerian Content Consultative Forum (NCCF) to be able to receive adequate attention on operational difficulties of whatever…
Depot Owners hike fuel to N220 after buying N148/litre from NNPC—IPMAN
Petrol marketers have issued a seven-day ultimatum to the Federal Government, threatening to abandon private depots if the government fails to intervene to end price disparity. The Chairman, Independent Petroleum Marketers Association of Nigeria, Satellite depot, who also represents the…
FG hits remediation of 635 hectares of contaminated Ogoni shorelines
The Federal Government Wednesday revealed that it had achieved remediation of 635 hectares of contaminated shorelines covering about 2,196 intertidal in Ogoniland, Rivers State. The Minister of Environment, Mr Mohammed Abdullahi, spoke at a “Scorecard, PMB-Administration” event, organised by the…
Nigerian content hits 54% in 2022 as NCDMB harps on compliance
Mid-way into a 10-year Strategic Road Map for enhanced indigenous participation and utilisation of local assets in oil and gas operations, industry regulator Nigerian Content Development and Monitoring Board (NCDMB) has recorded a 54 per cent Nigerian content level in…
NCDMB’s PNC Kicks off in Golfing Style
Golf was at its most entertaining on Monday at the Ibom Hotel and Golf Resort as industry captains of Nigeria’s oil and gas sector switched into play mode, hitting pitch shots the way only professionals do. Also there in the…
How Technology boosts oil and gas trading , by Flagship Energy
Riding on the pedestal of the newly inaugurated Petroleum Industry Act (PIA) local Oil and gas traders/operators have been advised to leverage technology if they truly desire to join the global oil and gas community. This position was canvassed at…
