RPS has been awarded a new contract to support the Nigeria Morocco Gas Pipeline Project for its client, Office National des Hydrocarbures et des Mines and Nigerian National Petroleum Company The job will measure offshore meteorological and oceanographic conditions for one year along the proposed pipeline route. . The global MetOcean team will support the project utilising the new RPS ...
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Sahara Group Sets to Aquire Two Gas Vessels Worth $71 Million as Moves to Cleaner Energy
……..by Ben Ndubuwa………Energy conglomerate Sahara Group is now set to aquire two Liquefied Petroleum Gas (LPG) vessels worth $71 million as a move to deep drive into cleaner energy business. This is in line with the group’s commitment to promoting energy transition in Africa. The contracts for the two 40,000-cubic metres capacity carriers is said to have been signed a ...
Read More »Nigeria’s LPG Industry’s Turnover Hit N1trn In 2022—NLPGA President
The President of Nigeria Liquefied PetroleumGas (NLPGA) Felix Ekundayo, said the opportunities created by the petrol subsidy removal would provide further growth impetus for the industry since LPG remains the most available alternative fuel in the automotive and industrial sector. Ekundayo, disclosed that the LPG industry in Nigeria recorded an impressive turnover of over N1 trillion in 2022, owing to ...
Read More »Gas Sector Can Provide 6 Million Jobs and Export Value of $7 Billion Annually – NLPGA
……….by Ben Ndubuwa……..The Nigeria Liquified Petroleum Gas Association (NLPGA) has called on local and foreign investors to invest in the Nigerian gas sector as it is capable of providing over 6.5 million direct employment and export value of $7 billion annually. This call by NLPGA to new investors is part of the push to create the awareness of the investment ...
Read More »NGA Lauds FG’s Refocus On Autogas Following Fuel Subsidy Removal
The Nigerian Gas Association (NGA) has expressed its support for the Federal Government’s renewed focus on prioritising autogas to cushion the effects of the removal of subsidy on the price of Premium Motor Spirit (PMS). The leadership of the NGA believes that this policy leaning is very apt as it accelerates the domestic adoption and utilisation of gas, a resource ...
Read More »FG Sets to Engage Innoson, Dangote Peugeot, Toyota On Production of Auto-Gas Vehicles
…,…..by Ben Ndubuwa….. The National Economic Council, are considering possibility of engaging Innoson, Dangote Peugeot and Toyota to produce auto-gas vehicles to cushion the impact of the removal of subsidy. The NEC meeting comprising governors of the 36 states of the federation tabled the issue for deliberation as a means of curtailing the impact of the subsidy removal policy of ...
Read More »Hyde Energy Commissions New LPG Facility in Benue for Sustainable Energy
……..by Jenifer Dike……… Nigeria’s leading indigenous energy trading company, Hyde Energy Limited, in its drive to expand its Liquefied Petroleum Gas (LPG) operations, has commissioned a new LPG facility in Makurdi, the Benue State capital. First of its kind, the NAFIL-Hyde Energy LPG Facility located at the Nigerian Air Force base of the State will provide the Force and its ...
Read More »Nigeria, Morocco, Cote d’Ivoire, Liberia, Benin, Guinea Sign MoUs on Nigeria-Morocco Gas Pipeline
Today, another important milestone was achieved at the headquarters of the Economic Community of West African States (ECOWAS) as four significant Memoranda of Understanding related to the Nigeria Morocco Gas Pipeline Project were signed. Additionally, the project’s Steering Committee convened to discuss the progress of the Project and its strategic direction. Four Memoranda of Understanding were signed on Friday, June ...
Read More »FG Advised to Exit Gas Dollarization Framework and Moderate Energy Cost
The Federal Government has been advised to accelerate the Presidential Power Initiative to upscale power supply in the country. In addition, State governments and private investors should be supported to leverage the decentralization power supply and off grid power solutions. Giving the advise, while in a paper titled “FUEL SUBSIDY REMOVAL: ENSURING INCLUSIVE, IMPACTFUL AND SUSTAINABLE PALLIATIVE MEASURES” by the ...
Read More »Marketers to Support Subsidy Removal With Autogas Mass Transit Buses
…….. by Ben Ndubuwa……. The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on Wednesday in Abuja pledges to support the Federal Government’s removal of fuel subsidy with Autogas Mass Transit Bises The association’s chairperson, Dame Winifred Akpani, made the disclosure at the end of a meeting with President Bola Tinubu. She said the association would support government’s palliative ...
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