The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe, has advised Samsung Heavy Industries Nigeria (SHIN), and Africoat Nigeria Limited, a pipe coating plant, located at Takwa Bay, Lagos, to patronize local facilities. He gave the advice when he visited the facilities of two companies in line with his determination to…
Between 2014 and 2024, Nigeria, Africa’s largest economy, earned $305billion as revenue inflows from the oil and gas sector according to the Nigeria Extractive Industries Transparency Initiatives (NEITI). It disclosed this when its executive secretary/national Coordinator, Dr Orji Ogbonnaya Orji appeared before the Senate Public Accounts Committee (SPAC) in Abuja. According to Orji in his…
The Federal Government realised the sum of $305billion as revenue inflows from the oil and gas sector from 2014 to 2024, it was learnt yesterday. The Nigeria Extractive Industries Transparency Initiatives (NEITI), disclosed this when its executive secretary/national Coordinator, Dr Orji Ogbonnaya Orji appeared before the Senate Public Accounts Committee (SPAC) in Abuja. According to…
State-run oil firm, the Nigerian National Petroleum Company Limited (NNPCL) and its partners has launched 97mmscf/d capacity five mini Liquefied Natural Gas (LNG) plant in Ajaokuta, Kogi State. It was in furtherance of its efforts to deepen domestic gas utilization in line with the Federal Government’s Gas Revolution Agenda. This was contained in a press…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has presented Gas Distribution Licenses to 10 companies. Speaking at the Gas Distribution Licence (GDL) Award ceremony in Abuja, the Authority Chief Executive, Farouk Ahmed recalled that the organization received 30 application for licenses from which it approved 10. He said the licences cover about 1.5billion…
The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) has urged the Federal Government to consider the privatisation of the nation’s refineries so that private sectors investors would be able to manage it profitably. Its National President, Mr Abubakar Shettima, gave the advice while speaking at the Annual General Meeting (AGM) of the Western Zone of…
Alhaji Abubakar Shettima, National President, Independent Petroleum Marketers’ Association of Nigeria (IPMAN), has commended President Bola Tinubu’s efforts at ensuring energy security. Shettima gave the commendation in Ibadan at Tuesday’s Annual General Meeting (AGM) and election of new executives of IPMAN Western Zone. According to the IPMAN president, Tinubu did the right thing immediately when…
Portugal plans to increase purchases of Liquefied Natural Gas (LNG) from Nigeria and the United States as it aims to end already dwindling supplies from Russia, Environment Minister Maria da Graca Carvalho has said. Portugal imported 49,141 gigawatt-hours (GWh) of natural gas in 2024, of which around 96per cent was LNG, data from electricity and…
Chairman, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has called on the government to uphold Section 3.3 of the Local Content Act 2010 to give first consideration to local contractors in divested assets. Ogunsanya, made this call during the Industry Stakeholders for the Petroleum Industry Stakeholders forum (PISF) organised by the Ministry of…
