NAOC JV Delivers Medical Equipment To Rivers,Bayelsa,Delta,Imo States

The Nigerian Agip Oil Company (NAOC) on behalf of NAOC Joint Venture has donated medical equipment to tertiary health institutions and hospitals in its four states of operations in Niger Delta, Nigeria. The commissioning and handover ceremonies were held recently during which the equipment were given to the medical facilities located in Rivers, Bayelsa, Delta […]Read More

President Tinubu to Attend COP28 Climate Summit in Dubai

President Bola Tinubu will embark on a journey to Dubai, United Arab Emirates, on Wednesday to participate in the Conference of Parties (COP) 28 Climate Summit, also known as the 28th United Nations Climate Change Conference, or Conference of the Parties of the UNFCCC (COP28). The President will address the World Leaders’ Summit, scheduled for […]Read More

Gazprom and Belarus Discuss Gas Cooperation

Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Krutoy, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Russian Federation, have met today to discuss cooperation in the gas industry. The two sides noted that Gazprom is a reliable supplier of Russian gas to Belarusian consumers. Gazprom Transgaz Belarus, a wholly-owned […]Read More

Nigeria and Morocco to Start Construction of Gas Pipeline in

Nigeria’s Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo has announced that the Nigeria-Morocco Gas Pipeline project is expected to begin construction in 2024. The ambitious project, which aims to connect Nigeria’s vast gas reserves to the European market, is a significant step towards boosting Africa’s energy security and economic development. Ekpo made the […]Read More

Turkey Secures Three-year Extension of LNG Supply with Algeria

In a move to secure its energy supply, Turkey has extended its existing liquefied natural gas (LNG) contract with Algeria for three years. The deal, finalized during Turkish President Tayyip Erdogan’s official visit to Algiers, ensures Turkey’s continued access to 4.4 billion cubic meters of LNG annually from its Algerian partner, Sonatrach. Under the deal […]Read More

Oil Prices Tumble by 4% as OPEC+ Meeting Postponed

In a sudden turn of events, oil prices experienced a sharp decline of 4 percent on Wednesday following OPEC’s official confirmation that the upcoming OPEC+ meeting, initially scheduled for this weekend, has been pushed back to November 30. The U.S. benchmark, WTI Crude, suffered a significant drop of 4.37 percent, falling below $75 a barrel […]Read More

Petroleum Tanker Drivers Threaten to Exit NUPENG, Accuse Leaders of

In a move that could shake the foundation of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the Petroleum Tanker Drivers (PTD) arm of the union has threatened to sever ties with their parent body. The tanker drivers, citing a litany of grievances against NUPENG’s National President, Williams Akporeha, and its General Secretary, […]Read More

Nigeria’s $2.8bn AKK Gas Pipeline Nears Completion, Set for December

The Nigerian National Petroleum Company (NNPC) Limited has announced that the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will be inaugurated in December 2024. The pipeline, which is being constructed by Oilserve Limited, is expected to play a major role in boosting Nigeria’s energy supply and reducing its reliance on fossil fuels. Oritsemiyiwa Eyesan, Executive […]Read More

Nigeria’s Crude Theft Rampant with 131 Incidents in a Week

Nigeria has reported 131 incidents of crude oil theft within a week, as disclosed by the Nigerian National Petroleum Company (NNPC) Limited through its official Twitter account on Tuesday, November 14. The NNPC report outlined various infractions during this period, including 24 illegal connections, 43 illegal refineries, 17 pipeline vandalisms, 23 vessels AIS infractions, 5 […]Read More

FG To Revoke Most 2021 Marginal Oil Field Licenses

The Federal Government has implied that it intends to terminate the majority of licenses awarded to marginal oil field operators in 2023 that have remained inactive. This comes more than 30 months after the government finished the acquisition of these marginal fields and notified the winners. According to Bloomberg, this was revealed by Heineken Lokpobiri, […]Read More

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