Stakeholders draw roadmap for Midstream/Downstream Sectors
Key oil and gas industry stakeholders at the just concluded Nigerian Content Midstream and Downstream Oil and Gas Summit organized by the Nigerian Content Development and Monitoring Board (NCDMB) have beckoned on the Central Bank of Nigeria (CBN) to create…
NCDMB maximising Midstream, Downstream Oil & Gas sector—Minister
The Federal Government has called for synergy among stakeholders in the midstream and downstream sector so as to maximise investments in the industry. In an address at the opening ceremony of a two-day dialogue on “ Maximizing Potentials in the…
ExxonMobil Assets to Seplat: Confusion over Sylva’s commendation as FG rejects deal
Less than one week after Chief Timipre Sylva, Minister of State, Petroleum Resources lauded Seplat Energy Plc on its recent acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation, Delaware, United States of America,…
PIA to alleviate energy poverty envisioned in the UN’s SDG No 7—Sylva
The Minister of State, Petroleum Resources, Chief Timipre Sylva has disclosed that “in Nigeria, the industry game changer – that is, the Petroleum Industry Act (PIA 2021) will undoubtedly support Africa and indeed the global endeavour to alleviate energy poverty…
Afreximbank, APPO call for Continental Energy Bank
Two key players in the continental oil and gas industry, the African Petroleum Producers’ Organisation (APPO), and African Export-Import Bank (Afreximbank) have called for the establishment of an African Energy Transition Bank. The call is contained in a joint communiqué…
Total grows its revenue from the higher-margin lubricant segment
TOTAL’s Q1-22 result reflects the company’s sustained dominance in the downstream oil and gas space despite the challenges brought by the fuel crisis experienced during the quarter. Experts say TOTAL was able to substantially grow its revenue from the higher-margin…
Just in: World’s 20 least-electrified countries in Sub-Saharan Africa—Minister
The Minister of State, Petroleum Resources, Chief Timipre Sylva has averred that “the world’s 20 least-electrified countries are in Sub-Saharan Africa, where most of the global unserved population live.” Speaking in a Keynote Address at the on-going 2022 Society of…
Oilserv mulls renewal of moribund petroleum pipelines
Leading Indigenous Engineering Procurement and Contract (EPC) Company, Oilserv Limited has concluded plans to buy over all moribund Nigerian National Petroleum Company (NNPC) pipeline distribution systems and renew them for energy purpose. In an interview, Group Chairman, Oilserv, Mr Emeka…
Innoson expands into oil & gas in Sierra Leone with mega find
Nigerian car manufacturing giant and multinational oil and Gas Company, Innoson Oil and Gas (IOG) has hit a mega gas find in Sierra Leone, a neighbouring West African country. The company is an arm of the Innoson Group that also…
OPEC in trouble as US enacts NOPEC Act
The US Senate Judiciary Committee on Thursday (5th May 2022) approved the passage of a bill – No Oil Producing and Exporting Cartels (NOPEC) Act – that could open the Organisation of Petroleum Exporting Countries (OPEC) to antitrust lawsuits over…
