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Industry
Stakeholders Commend NCDMB’s Investment in OmagwaBase Oil Plant
By YANGE IKYAA
Key stakeholders of the oil and gas industry have commended the Nigerian Content Development and Monitoring Board (NCDMB) for catalyzing the development of critical oil and gas facilities, including Bunorr Integrated!-->!-->!-->!-->!-->…
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Africa faces diminishing supply from legacy oil and gas fields
By YANGE IKYAA
According to African Energy Chamber (AEC) in its 2022 first quarter outlook termed “The State of African Energy,” supply from legacy oil and gas fields across Africa is diminishing, resulting in a decline in!-->!-->!-->!-->!-->…
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TotalEnergies Begins Sustainable Aviation Fuel Production in Normandy
By YANGE IKYAA
The Normandy platform of TotalEnergies has successfully started production of sustainable aviation fuel (SAF), the company has said.
This new site complements the biojet fuel production capacities of La Mède!-->!-->!-->!-->!-->!-->!-->…
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Seplat Denies Cancellation of Asset Acquisition Deal with ExxonMobil
By YANGE IKYAA
Seplat Energy on Monday denied media reports that its asset acquisition deal with ExxonMobil that was earlier announced in February has been cancelled.
Speaking through a statement signed by Emeka Onwuka, who!-->!-->!-->!-->!-->!-->!-->…
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Illegal refineries: Senate Advocates Introduction of Pollution Tax
By YANGE IKYAA
The Nigerian Senate has urged the Federal Government to introduce pollution tax on those involved in economic sabotage by engaging in illegal refining of crude products in oil producing areas of the country.
The!-->!-->!-->!-->!-->!-->!-->…
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NNPC Grows Trading Surplus by 353%
By YANGE IKYAA
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a growth in trading surplus of ₦37.50 billion for the month of September 2021, representing a 352% increase from the ₦8.29 billion surplus in!-->!-->!-->!-->!-->…
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Nigeria’s Decade of Gas Gains Momentum as Safety Measures Demand More Attention
By Yange Ikyaa
In March 2021, President Muhammadu Buhari made a declaration, confirming the next ten years from that date as “The Decade of Gas” for Nigeria.
This initiative was designed and tailored to enable the country!-->!-->!-->!-->!-->!-->!-->…
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Fuel Scarcity as Potential Inflation Trigger
The worrisome fuel scarcity being experienced across the country may have negative implications on the inflation rate of Nigeria’s struggling economy, reports EDDY OCHIGBO
Penultimate week, motorists across many parts of the country!-->!-->!-->!-->!-->…
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Journey to Renewable Energy: Africa Moving at Its Pace
Mele Kyari
By Gideon Osaka
Climate change is the biggest challenge facing humankind now, and the issue has reached a tipping point. There have been warnings of the potential for average global temperature to increase by more than 1.5!-->!-->!-->!-->!-->…
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Why Subsidy Withdrawal Suspension may affect PIA Implementation
By Fred Ojiegbe
The Petroleum Industry Act has been described by all and sundry as a game changer that will revolutionize the oil and gas sector in Nigeria and make it more attractive to investors.
Asides investment, the Act,!-->!-->!-->!-->!-->!-->!-->…
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