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Matthieu BOUYER takes charge at TotalEnergies in Nigeria
Mr. Matthieu BOUYER has been appointed the Managing Director/Chief Executive of TotalEnergies Upstream Companies in Nigeria and representative of TotalEnergies Company in Nigeria effective August 21, 2023; a statement from the company’s media handler said.. A graduate of the Ecole…
Indigenous Oando stepping into major producer roles
Sopuruchi Onwuka Indigenous energy company, Oando Plc, is underway to becoming the first Nigerian indigenous upstream players to totally displace major international partners as operator in the conventional terrains of the Niger Delta. The company declared today that it has…
Nigeria becomes global LNG market laggard
Sopuruchi Onwuka Global supply of liquefied natural gas or LNG jumped by significant 5.0 percent in 2022 as increased flow of supply manly from the United States and Middle East shifted from China to Europe where pipeline gas from Russian…
GCR affirms Axxela’s issuer ratings at A-(NG) / A2(NG) with a Stable Outlook
Axxela Limited (“Axxela”), one of the leading gas and power companies in Sub-Saharan Africa has announced the reaffirmation of its national scale long-term and short-term issuer ratings at A-(NG) and A2(NG) respectively, with the Outlook revised to Stable by Global…
Nigeria’s 2022 oil production flowed at 1.3 mbd
Sopuruchi Onwuka Nigeria’s average daily petroleum liquids output fell to 20-year low in 2022 when the flow of new investments in the petroleum industry also fell to record lows following disagreements over fiscal terms. According to global industry statistics compiled…
Nigeria’s energy trade charts show internal strategy mess
Sopuruchi Onwuka Nigerian energy trade losses entered a deceleration mode not because the volumes of imports championed by the Nigerian National Petroleum Company (NNPC) Limited reduced, but because the spirited audacity of private local businessmen that risked billions of Naira…
NCDMB deploys initial Project 100 firms, targets annual N1.6 trn value
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has deployed the first set of 17 firms from its Project 100 programmes into building local capacity for technological innovation for the domestic petroleum industry services. The agency which regulates…
NCDMB’s NCIF supports local businesses with N259 bn
Lays funding model forAfrican energy industry Sopuruchi Onwuka The Nigerian Content Intervention Fund (NCIF) of the Nigerian Content Development and Monitoring Board (NCDMB) has delivered commitment of $324 million or N38.4 billion to significant 69 local businesses in the country….
NLNG visits President Tinubu to deepen collaboration, ease of doing business
The Board of Directors and Management of Nigeria LNG Limited paid a courtesy visit to the President of the Federal Republic of Nigeria, His Excellency, President Bola Ahmed Tinubu, at the Presidential Villa in Abuja. During the visit, Chairman, NLNG…
NLNG restates commitment to community-driven development in host communities
Nigeria LNG Limited (NLNG) has restated its committent to the Global Memoranda of Understanding (GMoU), signed with its host communities in 2021, to drive community-initiated sustainable development. The Company stated this on Tuesday at the commissioning of projects by the…
