Tinubu to Deliver Inaugural Address to Local and International Oil Industry Stakeholders at Energy Summit President Bola Ahmed Tinubu is slated to deliver his inaugural keynote address at the upcoming 2024 edition of the Nigeria International Energy Summit (NIES) in Abuja. The event, scheduled from February 26 to March 1, 2024, at the International Conference…
Shell Announces Plans to Construct Gas Facility in Nigeria to Supply Fertilizer Plant The gas facility is slated to provide 100 million standard cubic feet of gas per day from the Iseni field to the Dangote Fertiliser and Petrochemical plant. British oil and gas giant Shell has officially approved the development of a gas facility…
NCDMB Engages in Talks with Chevron, Pledges to Expedite Approval of Oil Industry Projects The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to expeditiously approving requests and documents submitted by operating oil and gas companies. The objective is to facilitate the rapid development of oil and gas projects, contributing to increased…
Nigeria Explores Gas Export Deal with South Korean Group The Nigerian National Petroleum Co. Ltd. (NNPC) has engaged in discussions with a South Korean consortium regarding a potential agreement for the export of Nigerian liquefied natural gas (LNG) to South Korea. Mele Kyari, the chief executive of Nigeria’s national oil and gas company, led a…
NUPRC Asserts Ministerial Consent Requirement for Transfer of Oil and Gas Assets The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that the transfer of ownership of oil and gas assets in Nigeria can only occur with the consent of the minister, in accordance with the 2021 Petroleum Industry Act (PIA). Gbenga Komlafe, the chief…
Nigeria Faces Backlash as Central Bank Doubles Import Duty Rates Within 24 Hours. The Central Bank of Nigeria (CBN) triggered widespread criticism and concerns as it unexpectedly doubled the import duty rate, raising fears of adverse impacts on businesses and consumers. Key Points: Swift Increase in Import Duty Rates: The CBN has implemented a second…
ExxonMobil Expresses Concerns Over Biden Administration’s Temporary Halt on LNG Approvals ExxonMobil and industry groups raise concerns about the potential global and geopolitical implications of the Biden administration’s pause on new Liquefied Natural Gas (LNG) export projects. Key Points: Industry Concerns: ExxonMobil, along with industry groups like the American Petroleum Institute (API) and the American…
NLNG Empowers Women Journalists with Digital Communication Skills Training Nigeria LNG Limited (NLNG) successfully wrapped up its most recent edition of the #NLNGChangeYourStory workshops on Thursday. The workshops were specifically designed to empower women journalists by enhancing their proficiency in advanced digital communication and social media skills. The focus was on equipping them to report…
National Bureau of Statistics Unveils 3% Decline in Nigeria’s Electricity Supply for Q3 2023 The National Bureau of Statistics (NBS) has released its latest report, revealing a 3% drop in Nigeria’s electricity supply during the third quarter of 2023. According to the data, electricity supply decreased from 5,909.83 GWh in the second quarter to 5,731.60…
Nigeria Empowers Remote Communities in Jigawa and Nasarawa with Mini-Grids In a transformative move, the Nigeria Electrification Project (NEP) is illuminating remote communities in Jigawa and Nasarawa states through a groundbreaking partnership with two mini-grid developers. This collaborative effort marks a crucial stride towards providing reliable power to thousands, ushering in a new era of…
