NNPC, Shell, Other Stakeholders Renew PSC Offshore Agreements Nigerian National Petroleum Company (NNPC) Limited has executed agreements for the renegotiated Production Sharing Contracts (PSC) with contractors with key stakeholders. When consummated, it is believed the agreement would unlock over $500 billion in revenue to government from the country’s oil resources. Aside the revenue opportunities, NNPC…
NMDPRA says Gas has Penetrated in Nigeria as Energy Transition Dr. Zainab Gobir, Executive Director of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said current energy transition is a pathway toward transforming the global energy sector from fossil to renewable fuels by the second half of this century. Dr. Zainab Gobir represented the Authority…
MOMAN says Subsidy cannot be Sustained in Nigeria Downsream The Petroleum Industry Act, 2021 is an excellent piece of legislation which was extremely well thought through. We are now at the point of implementation, which is taking a bit longer than hoped but this is not necessarily a bad thing. The President postponed the implementation…
NLNG: Three Contestants to Compete for $100,000 Nigeria Prize for Literature The Advisory Board for The Nigeria Prize for Literature has announced three contestants as finalists for the 2022 edition of The Nigeria Prize for Literature. The literature prize is sponsored by Nigeria LNG Limited (NLNG) with a cash award of $100,000. Professor Akachi Adimora-Ezeigbo,…
Shell Commissions Indigenous Firm for Gas Market in Nigeria Nigeria’s leading domestic gas distribution company, the Shell Nigeria Gas Limited (SNG), has commissioned a far-reaching gas market survey in 33 per cent of the states in Nigeria to gain deeper market insights for entry and to accelerate the achievement of Nigeria’s Decade of Gas objectives….
Attached is an exclusive interview with Tiago Marques, Head of Content – Africa at dmg events >>> MGES 2022 Interview with Tiago Marques– FREE DOWNLOAD
Energy Transition: Osinbajo says Nigeria needs over $410bn 2060 Energy Transition Plan Nigeria’s Vice President Yemi Osinbajo says the country needs to spend over 410 billion dollars to deliver its energy transition plan by 2060. This was revealed by Osinbajo’s spokesman, Laolu Akande, in a statement on Wednesday in Abuja at the global virtual inauguration…
Reimagining Energy Utilization for Industrial Sector in Face of Rising Cost of Alternative Liquid Fuels Africa’s energy giant Nigeria is Africa’s energy giant. It ranks second to Algeria in natural gas by almost 50 trillion cubic feet of gas deposits. Most of Africa’s bitumen and lignite reserves are found in Nigeria. In its mix of…
BPE Takeover Kano, Port Harcourt, Ibadan, Kaduna Discos Four Distribution Companies (DisCos), Kano, Port Harcourt, Ibadan and Kaduna have been taken over by Bureau of Public Enterprises (BPE) for non-performance and debt. Successful TakeOver According to Director General of BPE, Mr. Alex Okoh, the takeover has been concluded successfully. Okoh revealed this in a presentation…
Non-Oil Export in Nigeria Hits $2.5bn In Six Months The Executive Director of Nigerian Export Promotion Council (NEPC), Ezra Yakusak, said Nigeria’s non-oil sector export proceeds has recorded massive growth as the country exported products worth $2.593 billion in the first half of 2022. Yakusak, said this while briefing newsmen in Abuja on the performances…