New discoveries, tech, governance driving African oil & gas fortunes— PwC
Whereas Nigeria, Senegal, Mozambique, Cameroon, Sudan, South Sudan, Ghana, Gabon, Congo DR and other economies of Africa that have either discovered new oil wells or gas reserves have elicited upbeats, highlights from PwC’s annual Africa oil & gas review 2019…
$15bn investment, Nigeria’s competitiveness under threat over new d’water royalty
Contrary to high hopes that the emerging regime of increased deepwater royalty payable by oil majors to the Federal Government will amass revenue for the economy, international oil companies (IOCs) plus their local allies under the aegis of the Oil…
It’s now cheaper cooking with gas than kerosene, wood in Nigeria—BHIU
…However, fears rise over proliferation of gas refilling shops Contrary to yesteryears, a report released by Business Hilights Intelligence Unit (BHIU), an independent investment research arm of Business Hilights Group, has shown that “it is now more rewarding, safe and…
Which exact company is repairing Nigeria’s moribund refineries?
Or better put, out of all the countries toured by both President Muhammadu Buhari and NNPC GMD, Mele Kyari, which one is the real investors coming to revive Nigeria’s refineries from? Analysts say this question has become pertinent considering the…
Dangote refinery may make Lekki highway gridlock unprecedented
…As GED rules out deliveries on pipelines Strong indication has emerged revealing that traffic crisis on Lekki-Epe highway, the only entry and exit road to the corridor may be unbearable as soon as upcoming Dangote Refinery comes on stream. This…
Ghana snubs US withdrawal of $190m, maintains revocation of Discos’ deals
Barely less than one week after the United States of America (USA) pulled out from its earlier pledged $190m support for Ghanaian electricity sector development following the revocation of Discos concessions, the government has snubbed the pullout and went ahead…
IOCs shielding their operational data from NDR— NAPE President
The President of the Nigerian Association of Petroleum Explorationists (NAPE), Ajibola Oyebamiji, has opened up on the dearth of critical operational data in the oil and gas industry, saying many International Oil Companies (IOCs) are sabotaging efficiency in the build…
Warri, Kaduna refineries to bounce back next year as repairs continue on PH
No doubt, Nigeria and Nigerians are now faced with two delivery dates for all four national refineries which had been moribund for decades. Whereas the first delivery of 2023 was given by the GMD of Nigerian National Petroleum Corporation (NNCP),…
First unit of $1.29bn Zungeru hydropower plant to begin production next year—FG
Whereas there had been no sign of serious investor on the planned $5.2bn Mambila Power project, there are hopes that first unit of the $1.29bn Zungeru hydropower plant coming up in Niger State may begin power production to the national…
DPR to begin clampdown on fuel tankers exceeding allowable 33,000 litres
Due to incessant cases of fuel tanker fire nationwide coupled with bad federal and state roads, the Department of Petroleum Resources (DPR) has risen from its slumber to dust out an existing statutory provision which only allowed tankers not larger…
