Uncertainty over crude supply stalls modular refinery investments
…FIDs on hold as investors reassess risks
Nigeria’s effort to achieve self-sufficiency in petroleum refining is facing fresh hurdles, with multiple modular refinery projects delayed.
Daily Sun’s findings reveal that more than!-->!-->!-->!-->!-->!-->!-->…
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FG Approves N13bn For Power Infrastructure Upgrade In Lagos, Ogun
The Federal Government has taken a significant step towards improving the country’s power infrastructure by approving billions of naira for various projects.
Minister of Power, Adebayo Adelabu, said out of the projects, the Federal!-->!-->!-->!-->!-->…
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Ojulari Commits To NLNG’s Growth And Sustainability Agenda
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Engr. Bayo Ojulari, on Thursday, expressed support for NLNG’s growth and long-term sustainability agenda, during a visit to the NLNG!-->!-->!-->…
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Again, NNPC reduces fuel price after Dangote’s slash
NNPCLtd official logo
THE pricing competition among petroleum marketers continued this week as the Nigerian National Petroleum Company Limited (NNPC) reduced its petrol prices across its retail outlets to N865 per litre in Lagos and!-->!-->!-->…
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Project One Million Barrels Gains Momentum, Pushes Crude Production To 1.83mbp
… Licensing Reforms, Fiscal Incentives Drive Surge In Upstream Investor Interest
…37 New Evacuation Routes Significantly Curtailed crude theft
Nigeria’s crude oil production has reached 1.83 million barrels per day (mbpd) as of!-->!-->!-->!-->!-->!-->!-->…
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NCDMB, PETAN Share Local Content Insights at Namibia Conference
Officials of the Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) shared insights on Nigeria’s local content implementation and lessons for other African nations on!-->!-->!-->…
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‘Subsidy removal helped me fulfil campaign promises’ – Enough Gov
Enugu State Governor, Peter Mbah, has attributed the financing of numerous infrastructure projects embarked by the state government to the removal of oil subsidy by the President Bola Tinubu administration.
He made this declaration!-->!-->!-->!-->!-->…
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Lokpobiri inspects NNPC/Chevron Nigeria JV facility in Escravos
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has inspected the NNPC/Chevron Nigeria Limited (CNL) Joint Venture EGTL facility in Escravos, Delta State.
He reiterated its commitment to sustaining!-->!-->!-->!-->!-->…
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Reforms: FEC Approves ₦13bn Compensation, $34m Transformers Procurement
The Federal Executive Council (FEC) has approved four critical reforms aimed at strengthening Nigeria’s national electricity grid and addressing the country’s power sector challenges.
The approval, announced on Wednesday, comes as!-->!-->!-->!-->!-->…
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Nigeria approves $2.6bn electricity sector debt refinancing plan
*Power transmission substation.
Nigeria has approved a phased plan to refinance 4 trillion naira ($2.61 billion) in electricity sector debt to help stabilise the nation’s ailing power industry and improve supply, its finance minister!-->!-->!-->…
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