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TotalEnergies Prepares to Develop Major Oil Resources Offshore Suriname

TotalEnergies Prepares to Develop Major Oil Resources Offshore Suriname

September 21, 2024

French energy giant TotalEnergies has begun seeking deepwater rigs and support vessels to kickstart the development of vast oil reserves discovered off the coast of Suriname, according to anonymous sources familiar with the tenders, reported Bloomberg on Friday. The Atlantic Basin’s exploration and resource development are now thriving, particularly following ExxonMobil’s significant progress in neighbouring […]Read More

Tinubu Should Have Removed Petrol Subsidy Gradually, Says Ex-NESG Chair

Tinubu Should Have Removed Petrol Subsidy Gradually, Says Ex-NESG Chair

September 20, 2024

Kyari Bukar, a former Chairman of the Nigerian Economic Summit Group (NESG), has said that President Bola Tinubu should have removed petrol subsidy gradually to lessen the effect on Nigerians. He said that fuel prices should have been removed by 5 percent every six months and that way, the public won’t quickly feel it. Bukar, […]Read More

World Bank Allocates $90 Billion Electricity Fund for Nigeria, Other African Nations

World Bank Allocates $90 Billion Electricity Fund for Nigeria, Other

September 20, 2024

Nigeria and some other African countries are set to be beneficiaries of $90 billion in electricity funds backed by the World Bank and the African Development Bank. The fund is part of the global financial institution’s plan to provide electricity to the 300 million African population by 2023, a Bloomberg report revealed. On Friday, leading […]Read More

NNPC Moves to Revive Brass, OK LNG Projects

NNPC Moves to Revive Brass, OK LNG Projects

September 20, 2024

In its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd. has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects. NNPC Ltd.’s Chief Financial Officer (CFO), Mr. Umar Ajiya disclosed this on the sidelines of the ongoing 2024 […]Read More

NNPC, TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off

NNPC, TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off

September 17, 2024

The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the US State Department in Washington, DC. The […]Read More

Presidential Initiative Signs Deals with 75 Firms to Boost Gas-Powered Vehicle Nationwide

Presidential Initiative Signs Deals with 75 Firms to Boost Gas-Powered

September 17, 2024

The Presidential Compressed Natural Gas Initiative (PCNGI), a project aimed at increasing the use of gas to power automobiles in Nigeria, has inked separate agreements with 75 conversion enterprises around the country as part of the government’s strategy to reduce dependence on petrol and diesel. With agreements now in place in eight states and plans […]Read More

NNPC Unveils Petrol Prices from Dangote Refinery, Naira Sales Start October

NNPC Unveils Petrol Prices from Dangote Refinery, Naira Sales Start

September 16, 2024

The Nigerian National Petroleum Company (NNPC) has disclosed the projected petrol prices sourced from the Dangote refinery for its retail outlets in Lagos and other states nationwide. According to a statement issued by the company’s Chief Corporate Communications Officer, Olufemi Soneye, NNPC is purchasing petrol in US dollars from the Dangote refinery for September. However, […]Read More

Dangote Refinery Denies Selling Petrol to NNPC at N898/Litre

Dangote Refinery Denies Selling Petrol to NNPC at N898/Litre

September 16, 2024

The Dangote Refinery has refuted claims that it sold petrol to the Nigeria National Petroleum Company (NNPC) Limited at a rate of N898 per litre. Anthony Chiejina, Group Chief Branding and Communications Officer for Dangote Refinery, made this clarification on 15 September 2024. The NNPC commenced the loading of Premium Motor Spirit (PMS) from the […]Read More

NNPC Confirmed as Sole Buyer of Dangote Refinery Petrol

NNPC Confirmed as Sole Buyer of Dangote Refinery Petrol

September 16, 2024

Despite recent claims by the Nigerian National Petroleum Company Limited (NNPC) that it is not the sole offtaker of refined petrol from the Dangote Refinery, Finance Minister Wale Edun has stated otherwise, affirming that the NNPC will be the only purchaser of the refinery’s petrol output. On Sunday, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, […]Read More

NNPC Deploys 100 Trucks to Dangote Refinery as Petrol Distribution Begins

NNPC Deploys 100 Trucks to Dangote Refinery as Petrol Distribution

September 14, 2024

In preparation for petrol loading at the Dangote Refinery on Sunday, 15 September 2024, the Nigerian National Petroleum Company (NNPC) Limited has deployed 100 trucks to the refinery’s fuel loading gantry in Ibeju-Lekki, Lagos. The state-owned oil company announced via its official X account (formerly Twitter) that over 100 trucks had been sent to the […]Read More

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