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African Refiners and Distributors Association, ARDA, has stated that for African countries to meet the planned Sulphur level in petroleum product content, about $15.7 billion would be needed to upgrade the existing 36 refineries on the…
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By Teddy Nwanunobi The Integrated Oil and Gas Limited, the firm that owns the Eko Petrochem Refinery project, has set a new date for the completion of the 20,000 barrels per day (bpd), saying the project would be by the middle of 2023…
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By Teddy Nwanunobi An oil and gas exploration and production company, Lekoil Limited, has announced the termination of the contract of appointment of its Founder/Chief Executive Officer (CEO), Olalekan Akinyanmi, with immediate…
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The Federal Government has approved a 600 per cent increment in hazard allowance for senior health workers and 350 per cent for their junior counterparts. According to Guardian report, the Minister of Labour and Employment, Dr. Chris…
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TotalEnergies and Novatek have signed a Memorandum of Understanding (MoU) to jointly work on sustainable reductions of the CO₂ emission resulting from the production of liquefied natural gas (LNG) including with the use of renewable power,…
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·       Says industry’s future at stake By Teddy Nwanunobi The sum of $12.6 trillion worth of investments will be required until 2045, as the Organisation of the Petroleum Exporting Countries (OPEC) continues to advocate for the…
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By Teddy Nwanunobi The African Petroleum Technology & Business Conference, Nigeria International Petroleum Summit (NIPS), has been postponed come up with an action plan for Africa’s oil and gas industry in the post-COVID-19 pandemic…
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Production of petrol by modular refineries in the country may not commence unless a clear pricing template for pricing locally refined petrol is agreed upon by the investors and government agencies to pave the way for a more competitive…
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• Cost of production, investment, hurdles cast shadow to 40b reserves• Stakeholders pick holes, say $500m signature bonuses an economic buffer • Bid more of ability to pay than play, says Iledare About $7 billion (N3 trillion)…
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By Teddy Nwanunobi Chinese XCMG Construction Machinery will be working together with Dangote Industries Limited on the world’s largest oil refinery project to be located at Lekki Free Zone in Lagos State, and has already deployed a team…
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