African Export-Import Bank (Afreximbank) has signed a project preparation facility financing agreement for its private-sector renewable energy project in the Democratic Republic of Congo (DRC), marking a major step in expanding green infrastructure across the Central African region. Partnering with Kipay Investments SAS (Kipay), the Bank will finance the technical and bankability studies, legal, financial…
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55%…
Miles away from Alesa-Eleme where Nigeria’s oldest Refinery is situated, one can see the orange tongue of flame teasing the Port Harcourt skies. One might liken it to the white smoke from the chimney on the roof of the Sistine Chapel at the Vatican announcing the selection of a new Pope. The flare sits in…
The Computer-Based Aptitude Test for NNPC Ltd.’s recruitment began today at various centers across the country. The Group Chief Executive Officer (GCEO), Mr. Mele Kyari, who visited the Ansar-Ud-Deen Society Centenary Resource Centre in Maitama, Abuja, stated that his visit was to ensure that the process is smooth, transparent, fair, and credible. He assured that…
NNPC ltd has dismissed claims by some that the Port Harcourt Refinery, which earlier today commenced crude oil processing from the plant and delivery of petroleum products into the market, is not producing products. In a statement issued by Chief Corporate Communications Officer, Olufemi Soneye, NNPC Ltd stated that “the Old Port Harcourt Refinery is…
… Boost for Nigeria’s Oil Production, OML 13 Asset Eyes 80,000 bpd by End of 2025 In what has been described as a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international…
Nigeria and its citizens are currently going through enormous pains as a result of the quest to emplace as close to a perfect market as can be in the downstream sector of the oil and gas industry. Over the years, a number of factors distorted the market, chief of which was the fuel subsidy regime….
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 U.S. State Department in Washington, DC. The…
The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but…
When the news broke last week that an agreement was now in place that would see to NNPCL loading petrol from the Dangote Refinery, it came with a mix of joy and relief for some of us. Whereas the question of pricing was dominant in public discourse at the time, I didn’t think it was…
