Annual Inflation Rises to Highest Level Since 2005 in Nigeria Nigeria’s annual inflation quickened in July to its highest level since 2005, official data showed on Monday, driven by price rises for food, fuel and clothing. The National Bureau of Statistics (NBS) said inflation rose for the sixth straight month, hitting 19.64% from 18.60% year…
Shell Discharges Five Barrels of Oil in Ogoniland Shell’s Trans Niger Pipeline, a company owned by Shell Petroleum Development Company of Nigeria (SPDC) has discharged five barrels of crude oil into Bodo community, Gokana Local Government Area in Rivers State. SPDC has been carrying out remediation and mangrove restoration following devastating oil spillage in 2008….
Edo, Delta benefit as Seplat JV empowers additional 300 teachers at STEP 3rd edition Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has kicked off the 3rd edition of its Seplat Teachers Empowerment Programme (STEP) in Benin City Edo State, empowering a…
LPG Soars to 105% in 12 months The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve months. This follows an increase from N2200 in August 2021 to N4500 in August 2022, indicating a 105 per cent increase over the period….
OGFZA to Open More Free Zones to Boost Nigeria’s Economy The Chief Executive Officer and Managing Director of the Oil and Gas Free Zone Authority, Sen.Tijjani Yahaya Kaura, has announced plans to create more free zones in the country in order to boost the nation’s economy and generate revenue. Kaura who particularly assured that Liberty…
TH PNC FORUM TO DISCUSS NIGERIAN CONTENT OPPORTUNITIES IN GAS SECTOR AND HOW TO DEEPEN NIGERIAN CONTENT WITH THE SEVEN (7) MINISTERIAL REGULATIONS Over the last 12 years Practical Nigerian Content Forum (PNC), an event focused on local contents in the oil and gas sector, in partnership with Nigerian Content Development and Monitoring Board (NCDMB)…
ExxonMobil denies shipping Russian oil to Britain amid sanctions Oil giant ExxonMobil has denied shipping thousands of barrels of Russian oil to Britain in a fresh controversy after eyebrows were raised at recent shipments to its factory in light of sanctions on the Eastern European nation. The firm claims that contrary to reports claiming it…
Traditional hydrogen blending could damage gas pipelines Researchers at the University College London have revealed in new research that the pumping of hydrogen into gas networks pose risks and that usual blending techniques require rethinking. The study, published in the International Journal of Hydrogen Energy quoted by pv magazine stated, “The strongly inhomogeneous distribution of hydrogen within…
Crude Oil Theft: NNPC Ltd launches Monitoring Apps The Nigerian National Petroleum Company Limited (NNPC Ltd.) launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The launching took place on the sideline of the signing of renewed Production Sharing Contracts (PSCs) agreements between NNPC and its partners in Oil Mining Leases. The…
EU Gas Flows through Nord Stream Steady amidst Russia/Ukraine War Russian gas flows to Europe via the Nord Stream pipeline and via Ukraine remained steady on Friday, operator data showed. Physical flows via the Nord Stream 1 pipeline from Russia to Germany were at 14,575,401 kilowatt hours per hour (kWh/h) for 0800-0900 CET, similar to…
