NNPC seeks O&M Company to Operate, Maintain Port Harcourt Refinery The Nigerian National Petroleum Company (NNPC) Limited is seeking to engage an Operations & Maintenance (O&M) company to operate and maintain the Port Harcourt Refining Company (PHRC). This, the national oil firm said, is to ensure reliability and sustainability towards meeting the nation’s fuel supply…
SAIPEC 2024
Programme Unveiled for Eighth SAIPEC 2024 The eighth edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) returns to the Eko Convention Center in Lagos from 13-15 February 2024. This premier industry event, is hosted by PETAN in strategic partnership with the Nigerian Content Development & Monitoring Board (NCDMB), Nigerian Upstream Petroleum Regulatory…
MOSOP Advocates Oil Resumption in Ogoniland to Propel Economic Development Movement for the Survival of Ogoni People Cites Unemployment and Infrastructure Gaps as Catalysts for Decision The Movement for the Survival of Ogoni People (MOSOP) has expressed its willingness to allow the resumption of oil exploration in Ogoniland, citing extreme unemployment and a lack of…
Afreximbank Disburses $2.25 Billion to NNPC in Historic Crude Oil Prepayment Deal – Boosting Nigeria’s Economic Stability In a significant financial development, the African Export-Import Bank (Afreximbank), Africa’s leading multilateral trade finance institution, has officially disbursed an initial sum of $2.25 billion to the Nigerian National Petroleum Company Limited (NNPC). This follows NNPC’s announcement in…
Red Sea attacks: US, UK launch strikes against Houthis The United States and United Kingdom have launched strikes against Houthi targets in Yemen to disrupt and degrade the capabilities of rebels to attack shipping in the Red Sea and protect global trade. The US and UK, with support from Australia, Bahrain, Canada, and the Netherlands,…
Dangote Refinery Begins Production Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations in the early hours of Friday. This followed the delivery of six million barrels of crude supply to the refinery this week. It had earlier also received other batches. Although it was…
Innovative Carbon Financing Solution Accelerates Clean Energy Growth Across Africa In a groundbreaking move to address the pressing environmental and health challenges in Africa, RMB has forged a strategic partnership with climate technology leader KOKO, emerging as the lead mandated arranger and financier for an innovative carbon financing solution. The information was reported by Sweetcrude,…
Total Energies Visits NCDMB, Reconfirms FID for Ubeta Project in 2024, Others Underway Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed on Thursday that the company would…
TotalEnergies Increases Interests in Namibia Offshore Blocks TotalEnergies has signed an agreement to acquire from Impact Oil and Gas Namibia (Pty) Ltd (“Impact”) an additional 10.5% participating interest in block 2913B and an additional 9.39% participating interest in block 2912, both operated by TotalEnergies in Namibia. TotalEnergies’ intention is to share this additional participating interest…