The Nigerian National Petroleum Company (NNPC) Limited has announced that the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will be inaugurated in December 2024. The pipeline, which is being constructed by Oilserve Limited, is expected to play a major role in boosting Nigeria’s energy supply and reducing its reliance on fossil fuels. Oritsemiyiwa Eyesan, Executive […]Read More

The Federal Government has implied that it intends to terminate the majority of licenses awarded to marginal oil field operators in 2023 that have remained inactive. This comes more than 30 months after the government finished the acquisition of these marginal fields and notified the winners. According to Bloomberg, this was revealed by Heineken Lokpobiri, […]Read More

For the first time in nearly a decade, the Nigerian National Petroleum Company (NNPC) Limited has discontinued the crude oil swap agreement for petrol and began purchasing fuel through cash tenders. This adjustment, which is in line with President Bola Tinubu’s reform proposals introduced in May, aims to eliminate costly fuel subsidies and strengthen the […]Read More

The Nigerian National Petroleum Company (NNPC) Ltd., has signed a gas supply Memorandum of Understanding with Indorama Eleme Petrochemicals Limited. According to the state-owned oil company, the agreement was signed in a bid to promote the use of natural gas by large-scale gas utilisation industries. Details soon…Read More

Despite easing of Liquefied Natural Gas (LNG) prices in international market, Pakistan has once again failed to attract even a single bid for the supply of six spot Liquefied Natural Gas (LNG) cargoes. The state owned Pakistan LNG Limited (PLL) had, last week, invited bids from international suppliers for the delivery of six cargoes with […]Read More

The National Oil Company of Liberia (NOCAL), has signed a memorandum of understanding with the Nigeria-Morocco Gas Pipeline. The Nigeria-Morocco Gas Pipeline (NMGP) Project is an initiative of the Federal Government of Nigeria and the Kingdom of Morocco. Speaking during the signing ceremony, Saifuah-Mai Gray, Managing Director of the National Oil Company of Liberia (NOCAL), […]Read More