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Seplat says it buys Mobil in Nigeria, not just assets
Seplat Energy Plc has clarified that media reports pointing at exercise of right of pre-emption by Nigerian National Petroleum Company (NNPC) Limited under the NNPC/Mobil Producing Nigeria Unlimited (“MPNU”) Joint Operating Agreement (“JOA”) has nothing to do with its acquisition…
NCDMB, partners to produce 10% local LPG demand
The Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to work with select partners to produce Liquified Petroleum Gas (cooking gas) that would meet 10 percent of current nationwide demand. The Executive Secretary of the NCDMB, Engr….
NNPC potss 353% trading surplus for September
The Nigerian National Petroleum Company Limited (NNPC) Limited has announced a trading surplus of ₦37.50billion for the month of September 2021 representing a 352% increase from the ₦8.29billion surplus in August 2021. Details of the figures contained in the September…
Russia bombs Europe’s largest nuclear power plant
(Agency reports) Russian forces pressed their attack on a crucial energy-producing city by shelling Europe’s largest nuclear plant early Friday, sparking a fire and raising fears that radiation could leak from the damaged power station, according to Associated Press. Plant…
OPEC+ ministers meet as demand outlook dips
Sopuruchi Onwuka Ministers from the Organization of Petroleum Exporting Countries and its coalition members hosted in OPEC+ are scheduled to meet on March 2 to confirm additional output by 400,000 bpd in April. The meeting comes amidst outlook that global…
Barkindo: Oil demand outlook command $11.8 trn investment
Sopuruchi Onwuka The need to bridge supply gaps emerging from medium to long term energy demand outlook requires significant $11.8 trillion petroleum industry investment in building capacity for production of additional 77 million barrels of oil equivalent (mboe) in the…
Climate change: Nigeria to sustain dual energy policy
Sopuruchi Onwuka President Muhammdu Buhari has restated the resolve of the Nigerian government to drive dual energy policy of remaining a major source and consumer of fossil energy while aligning with the global trend for energy transition. President Buhari whose…
IPPG demands enhanced operating environment
Sopuruchi Onwuka The indigenous petroleum producer group has called on the government to arrest worsening security and safety issues that have traditionally bedeviled the Nigerian upstream oil and gas industry operations. Chairman of the Independent Petroleum Producers Group, Mr Abdurasaq…
Wabote charges African producers to finance projects with oil windfall
Sopuruchi Onwuka African petroleum producers have the opportunity under the prevailing oil price strength to forge contributory funding schemes that would pool financing for new oil and gas development projects in the continent. Nigerian Content Development and Monitoring Board (NCDMB)…
Fuel Scarcity: NNPC battles distributions logistics
Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited has called on Nigerians to be patient in the face of lingering fuel shortages, assuring that it was battling logistics challenges affecting efficient distribution of petrol in the country. Group General Manager…
