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PETAN demands role in regulating project economics
Insists Nigeria’s petroleum industry services are cheapest in Africa Sopuruchi Onwuka The President of the Petroleum Technology Association of Nigeria, Engr. Wole Ogunsanya, says service costs in Nigeria’s oil and gas industry remain the lowest in Africa. But he stressed…
Nigerian Content: Marconi pledges cost efficiency, schedule compliance
Sopuruchi Onwuka With the Federal Government pushing to attract new oil and gas investments and cut production costs, Marconi.NG EPC Limited has restated its commitment to delivering projects quickly and at competitive rates. The pledge came on Wednesday during a…
NUPRC: NNPC used up N267.4 bn Frontier Exploration Fund
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission says it has released all approved Frontier Exploration Fund allocations to the Nigerian National Petroleum Company Limited, with no outstanding balance left in the Central Bank of Nigeria account. According to Eniola…
Customer exploitation: FCCPC hits Ikeja Electric, seals office
Sopuruchi Onwuka Officials of the Federal Competition and Consumer Protection Commission (FCCPC) on Thursday swiftly sealed the head office of the Ikeja Electric Distribution Company (IKEDC), also called Ikeja Electric which operates the networks in the inland Lagos State and…
NLNG calls for global collaboration on sustainable LNG future
Nigeria LNG Limited (NLNG) has urged the global gas industry to adopt a new level of collaboration to strengthen supply security, improve affordability for developing economies, and sustain energy expansion amid rising geopolitical tensions and shifting trade patterns. Speaking at…
Renaissance inaugurates flare-reduction project, boosts gas supply
Renaissance Africa Energy Company Limited has commissioned its Southern Swamp Associated Gas Solutions project in Delta State, adding about 100 million standard cubic feet of gas per day to Nigeria’s domestic market. The company says the project also unlocks an…
Nigeria at risk as W. Bank cautions countries rising debt crisis
Sopuruchi Onwuka Developing countries are entering a new phase of financial strain as debt costs climb to record highs, with the World Bank warning that many nations are now facing the largest financing shortfall in 50 years. Between 2022 and…
Gas-to-power: FG to pay N185bn gas debt, and the wheel spins
Sopuruchi Onwuka The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, recently announced that the federal government is preparing to pay about $128 million (roughly N185 billion) in gas debts tied to the gas-to-power program. It’s another reminder of…
2025 Licensing Round: NUPRC sets financial baseline for participants despite lower entry bar
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stressed that only financially solid companies will qualify for the 2025 Licensing Round, even though the approved signature-bonus range has been set at a comparatively low $3 million to $7 million. The…
Shell expands gas network to connect new industrial customers in Ogun State
Shell Nigeria Gas Limited (SNG) is expanding its gas distribution footprint in Ogun State with a new agreement to supply gas to SG Industrial FZE, a major steel producer in the Guandong industrial zone. The deal adds to SNG’s growing…
