NUPRC says Nigeria Will Partner with Argentina on Gas Exploration and Production NUPRC has announced a possible gas exploration and production partnership with Argentina. The announcement was made via the Commission’s official Twitter (X) handle on Wednesday, November 22. In the statement, it was said that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), will partner…
COP27 to COP28: Kney factors for Africa ahead of the 2023 United Nations Climate Change Conference For African countries in particular, COP 28 marks an important pivot point around funding, just transition and the Nairobi Declaration The Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) represents an important…
FIRS Gives Leeway to Shipping Firms to Reconcile Tax Records The Federal Inland Revenue Service (FIRS) has given foreign shipping companies lifting Nigeria’s crude oil till December 31, 2023 to reconcile their tax records. FIRS Chairman, Zacch Adedeji, said the reconciliation of the records was part of efforts to ensure strict compliance by the companies…
Oil theft: Navy hands over Barge, TUG to EFCC in Delta The Nigerian Navy Ship, NNS DELTA has handed over the impounded TUG MV STEPH 1 and Barge SIMI to the officials of the Economic and Financial Crimes Commission (EFCC). The arrested vessels, laden with product suspected to be stolen Automotive Gasoline Oil (AGO), were…
Minister Commends Waltersmith Refinery, NCDMB for Improving Domestic Refining Capacity The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has commended Waltersmith Group and the Nigerian Content Development and Monitoring Board (NCDMB) for supporting the Federal Government agenda of improving domestic refining capacity. Speaking on Tuesday during a facility tour of Waltersmith Petroman Oil…
Sen. Teslim Folarin lauds NCDMB as 500 Youths Graduate from Solar Power Programme Sen. Teslim Kolawole Folarin, the former Chairman of the Local Content Committee in the 9th Senate has commended the Nigerian Content Development and Monitoring Board (NCDMB) for training 500 youths in Oyo State on solar power installation and maintenance. The training programme…
NAPE 2023: NNPC Ltd Bags Best Innovative Company Award The Nigerian National Petroleum Company (NNPC) Ltd. has emerged as the 2023 Best Innovative Company of the Year at the just concluded 41st Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference & Exhibition. The award, which was in recognition of the outstanding performance of NNPC…
WinGD to Supply Methanol-Fueled Engines for Six Green Swiss marine power company WinGD will supply X-DF-M methanol-fueled engines for a series of six container vessels to be built at Yangzijiang Shipbuilding in China. The 9,000 TEU vessels will each be powered by an X82DF-M engine built by HD Hyundai Heavy Industries’ Engine & Machinery Division…
Shell Confirms Nigeria Withdrawal of OPL 245 Claim Shell confirmed on Friday that Nigeria withdrew civil claims totalling $1.1 billion against it in relation to allegations of corruption in a 2011 oilfield deal on OPL 245. “We are pleased that this claim has been withdrawn. It brings to an end to all legal cases against…
OPEC+ Mulls Deeper Cuts as Oil Extends Gains Oil futures nudged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict. Brent crude futures climbed 57 cents, or 0.7%, to $81.18…