NCDMB, Chevron in Synergy to Fast-Track Approvals of Oil Industry Projects
The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. The goal is to ensure speedy development of oil and gas projects…
Sargas Energy Delivers of 5 tons LPG Skid Unit to IMPO Gas Edo State
Sargas Energy is a leading LPG Skid distributor in Nigeria with the business aim of making access to LPG seamless nationwide. Hereunder are the service delivery statistics for the latest supply made in Edo State. Cost: N17.5million Cost includes: A…
Dangote Refinery may import crude oil from USA if…
Latest report from Blomberg, has shown that Trafigura Group has sold two million barrels of WTI Midland to the refinery for delivery at the end of February. This marks the first time the 650,000 barrel-a-day oil refinery has purchased non-Nigerian…
TotalEnergies Marketing Nigeria Plc 2023FY EPS settles lower at NGN38.09
TotalEnergies Marketing Nigeria Plc (TOTAL) published its Q4-23 unaudited financials yesterday (January 29), reporting a 41.6% y/y decline in standalone EPS to NGN6.22 in Q4-23 (Q4-22: NGN10.64) undermined mainly by an uptick in net finance cost (+139.6% y/y) and FX…
NNPC Ltd Woos South Korean Investors for Gas Projects
…Felicitates Temile Devt. Company on Acquisition of LPG Carrier The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The…
EITI Rates NNPC Ltd High in Transparency Compliance
Global transparency body, Extractive Industries Transparency Initiative (EITI), has scored the Nigerian National Petroleum Company Limited (NNPC Ltd) very high in its latest global assessment. This was disclosed by EITI’s Deputy Executive Director, Mr. Bady Baldé, during a visit by…
Our average annual tax, royalty remittances in 3 years had reached $3.4bn—Chevron
Leading oil and gas multinational, Chevron Corporation has informed President Bola Tinubu that Chevron’s average annual tax and royalty remittances over the past three years had reached $3.4 billion. Speaking during a courtesy visit to the Presidential Villa, Abuja recently,…
FG, Morocco in Talks to Expedite Project on Gas Pipeline
To fast-track the process of achieving the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline, the Federal Government has intensified discussions with the Kingdom of Morocco. The discussion which held on Wednesday, 24th January, 2024, on the side-lines of…
Enabling Environment for Dangote Refinery NIMASA’s Priority—DG
The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, says the Agency is committed to ensuring that the business of the Dangote Ports and refinery are not hindered by the implementation of the regulatory instrument under…
Renewables: TotalEnergies, EE widen synergy on Offshore Wind
As part of its integrated development in electricity, TotalEnergies has signed a new agreement with European Energy (EE) to develop offshore wind projects in three Nordic countries: Denmark, Finland and Sweden. 405 MW of offshore wind power under development in…
