As the 42nd Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) got underway in Lagos on Monday, the Nigerian Content Development and Monitoring Board (NCDMB) has canvassed industry-wide support for initiatives that would reverse negative…
…Targets 3,000 MW through public-private partnerships to address power deficit Lagos State requires between $14 billion and $33 billion in investment to address its energy generation needs by 2030, the General Manager of the Lagos State Electricity Board (LSEB), Mr.…
Dangote Petroleum Refinery and Petrochemicals has signed a 10 year Gas Sale and Purchase Agreement (GSPA) with the Nigerian National Petroleum Company (NNPC) Gas Marketing Limited (NGML), a statement on Wednesday revealed. The agreement, signed at Dangote’s Corporate Headquarters in…
The Federal Government of Nigeria has revealed plans to collaborate with the private sector to raise a portion of the $10bn required to ensure a consistent and reliable electricity supply across the country. This initiative is part of the government’s…
Seplat Energy Plc has announced that an exchange rate of 1,681.42 NGN to 1 USD will be used to determine the Naira equivalent of its third-quarter 2024 interim dividend for shareholders opting to receive their payouts in the local currency.…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that the price of Premium Motor Spirit (PMS) is likely to drop following an agreement with Dangote Refinery to lift products directly from the facility. Abubakar Garima, the president of…
The Nigerian National Petroleum Company has ceased importing refined petroleum products and has begun sourcing fuel from local refineries, including the newly operational Dangote Petroleum Refinery. This shift was confirmed by NNPC’s Group CEO, Mele Kyari, during the Nigerian Association…
Shell will continue to power progress in the drive for energy security in Nigeria through its businesses in the Upstream, Midstream and Downstream and Renewables sectors, Country Chair, Shell Companies in Nigeria and Managing Director, The Shell Petroleum Development Company…
In a bid to boost gas supply, the Federal government through Nigerian National Petroleum Company Ltd has announced plans to establish 12 Compressed Natural Gas (CNG) mother stations and mini–Liquefied Natural Gas (LNG) plants across the country. This announcement was…
Nigeria is preparing to open bids for 31 onshore and offshore oil and gas blocs in a race to increase oil output and attract new investment, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). “These 31 oil and gas…
