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UNGA79: FG hails ExxonMobil’s $10bn deep-water investment plan In Nigeria
energy Oil and Gas oil-and-gas:Oil and Gas

UNGA79: FG hails ExxonMobil’s $10bn deep-water investment plan In Nigeria

September 26, 2024

The Federal Government, through Vice President Kashim Shettima, has welcomed ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, describing it as a clear testament to the administration’s economic reforms and investment-friendly policies. This is coming just as the international maritime giant, DP World, has announced plans to develop a multibillion-dollar port project in […]Read More

PENGASSAN Urges FG to Raise Stake in Dangote Refinery to 45% for Energy Security
energy Oil and Gas oil-and-gas:Oil and Gas power renewables

PENGASSAN Urges FG to Raise Stake in Dangote Refinery to

September 25, 2024

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government, through the Nigerian National Petroleum Company (NNPC) Limited, to increase its stake in the Dangote Refinery to 45% in order to enhance the nation’s energy security. Festus Osifo, the President of PENGASSAN, made this statement on Tuesday during the […]Read More

NNPC Confirmed as Sole Buyer of Dangote Refinery Petrol
energy Oil and Gas oil-and-gas:Oil and Gas

NNPC Confirmed as Sole Buyer of Dangote Refinery Petrol

September 16, 2024

Despite recent claims by the Nigerian National Petroleum Company Limited (NNPC) that it is not the sole offtaker of refined petrol from the Dangote Refinery, Finance Minister Wale Edun has stated otherwise, affirming that the NNPC will be the only purchaser of the refinery’s petrol output. On Sunday, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, […]Read More

NNPC Begins Petrol Lifting from Dangote Refinery
energy Oil and Gas oil-and-gas:Oil and Gas

NNPC Begins Petrol Lifting from Dangote Refinery

September 16, 2024

The Nigerian National Petroleum Company (NNPC) Limited has officially started transporting refined petrol from the Dangote Petroleum Refinery. This move aligns with the federal government’s announcement that petrol distribution from the refinery to NNPC would commence on 15 September 2024. The news was shared via a post on the Dangote Group’s official X account (previously […]Read More

NNPC Deploys 100 Trucks to Dangote Refinery as Petrol Distribution Begins
energy Oil and Gas oil-and-gas:Oil and Gas

NNPC Deploys 100 Trucks to Dangote Refinery as Petrol Distribution

September 14, 2024

In preparation for petrol loading at the Dangote Refinery on Sunday, 15 September 2024, the Nigerian National Petroleum Company (NNPC) Limited has deployed 100 trucks to the refinery’s fuel loading gantry in Ibeju-Lekki, Lagos. The state-owned oil company announced via its official X account (formerly Twitter) that over 100 trucks had been sent to the […]Read More

Carbon Markets To Play Important Role in Energy Transitions – IEF
Oil and Gas oil-and-gas:Oil and Gas

Carbon Markets To Play Important Role in Energy Transitions –

April 1, 2024

Carbon markets will play an important role in achieving climate, energy security, and sustainable development goals by boosting the efficiency of energy transitions and raising money for clean energy projects, according to Joseph McMonigle, Secretary General of the International Energy Forum. McMonigle was speaking at the launch of a new report entitled “The Role of […]Read More

Savannah Energy secures full ownership of Stubb Creek Field with additional $60M Deal
oil-and-gas:Oil and Gas

Savannah Energy secures full ownership of Stubb Creek Field with

March 19, 2024

Savannah Energy, the British independent energy company, has sealed a deal worth $60 million to acquire the remaining 49 percent stake in the Stubb Creek oil and gas field from Sinopec International Petroleum Exploration and Production Corporation (SIPC).  The acquisition solidifies Savannah Energy’s complete ownership of the Stubb Creek asset, adding to its already existing […]Read More

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