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… Records $4.60billion Export Sale in one Year……… The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export receipt of $378.42million in June 2020 as against $133.16million it posted in May 2020, signally a marked improvement in revenue earnings apparently following the ease of the COVID-19 pandemic global lockdown and the subsequent increased demand and ...

Chevron is set to Shutdown it’s $76 billion Liquefied Natural Gas plant due to cracks in one of it’s three trains. The move to stop operation in the LNG Plant is not unconnected to the order from the West Australian (WA) regulatory agency requesting Chevron to put it’s massive Gorgon Liquefied Natural Gas (GLNG) plant into a temporary phased shutdown. ...

……….Set to Commission 240MT LPG Plant…… The Nigerian Petroleum Development Company (NPDC), an Exploration and Production subsidiary of the Nigerian National Petroleum Corporation (NNPC), is looking at boosting its gas supply to the domestic market by 600million standard cubic feet per day (mmscf/d) in the next three to five years. The Managing Director of NPDC, Engr. Mansur Sambo, disclosed this ...

by Ben Ndubuwa……………… The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Engr. Mele Kyari has said that the Oredo Integrated Gas Handling Facility (IGHF) project built by the Nigerian Petroleum Development Company (NPDC) will be commissioned on October 31, 2020 by President Muhammadu Buhari. The plant has an estimated product streams of 330 tons of liquefied petroleum gas, ...

Federal Government has said that the Edo Modular Refinery project, which is 95 per cent (mechanical works) completed in Ologbo, Ikpoba Okha Local Government Area of Edo State, will on completion attract more investment in modular refineries in Nigeria, generate employment and reduce youth restiveness in the Niger Delta. Senior Special Assistant to the President on Niger Delta Affairs, Mr. ...

by Musa Ibrahim…………… Transmission Company of Nigeria (TCN) has wheeled 5,420 MW of electricity. This is the highest power transmission the company has ever handled. According to TCN it has achieved another improved national peak of 5,420.30 (MW). This is said to be commendable given it’s weak transmission facilities. The 5,420.3MW was effectively transmitted through the national grid at a ...

President Muhammadu Buhari has approved the extension of the appointment of Mr Joseph Chiedu Ugbo as the Managing Director of Niger Delta Power Holding Company (NDPHC) and Messrs Babayo Shehu and Ifeoluwa Oyedele as Executive Directors respectively. According to a statement from the Vice President’s Office, the renewal will take effect from August 25, 2020 for a period of four ...

By Jenifer Dike………… The Minister of State for Petroleum Resources, Chief Timpre Sylva has said that the National Assembly (NASS) may have to suspend its 2020 annual recess in order to fast track the passage of the Petroleum Industry Bill (PIB) which he said should be ready by February 2021. The need to fast track the passage of the bill ...

The Managing Director, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has said that Dangote Refinery project will open a vista for new technology transfer, massive job creation, training of local engineers as well as apprenticeship in world class marine and petrochemical engineering procedures. According to him the project in the Lagos Free Trade Zone can be described as ...

The Chairman of SPE Nigeria Council, Joe Nwakwe, said this while addressing the press on the forthcoming SPE Nigeria Council virtual conference titled: “Nigeria Energy Industry Transformation Summit (NEITS)” slated for August 25-27, 2020. He said the summit will feature notable speakers drawn from across the industry to speak on Nigeria’s refining capacity, economic diversification and relevance of Nigeria’s fossil ...