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The Nigerian National Petroleum Company Limited, (NNPC) has made an equity investment in African Refinery Port Harcourt (ARPH) situated in the Niger Delta region. The deal brings a new refinery within the Port Harcourt refining complex closer, which is predicted to produce 100,0bpd.A Nigerian law firm Olaniwun, Ajayi, had provided legal advice to ARPH on the transaction, which was announced ...

Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL -NNPCL/CNL JV- is aware of media reports falsely associating CNL to environmental degradation. CNL reaffirms its commitment to environmental stewardship in its operations in Nigeria. CNL’s operations are conducted with sound environmental management practices in strict compliance with applicable laws and ...

…….Elevating the Standards of Energy Journalism….. The Society of Energy Editors, a new professional organization, has been launched to promote excellence in energy journalism and strengthen the gatekeeping function of the media in the energy sector. The Society’s establishment is a response to the need for in-depth knowledge and nuanced reporting in the energy industry, which has been lacking in ...

Exxon Mobil Corporation has announced first-quarter 2024 earnings of $8.2 billion, or $2.06 per share assuming dilution. The Company in astatement, informed that the capital and exploration expenditures were $5.8 billion, consistent with the company’s full-year guidance of $23 billion to $25 billion. It said,”Generated strong first-quarter earnings of $8.2 billion and $14.7 billion of cash flow from operating activitiesAchieved ...

Platform Petroleum Limited has applauded the positive impact of the Petroleum Industry Act (PIA) on Nigeria’s oil and gas sector. Speaking during the “Investment Opportunities in Nigeria” panel session at the “Invest in Africa Energy 2024” conference held in Paris, France, Mr. John Anim, Managing Director of Platform Petroleum Limited, said that the PIA has significantly improved the investment landscape ...

Photo : L-R: Secretary General, African Petroleum Producers Organization (APPO), Dr. Omar Farouk Ibrahim; Executive Vice President, Business Services NNPC Ltd (Representative of the GCEO NNPC), Mr. Inuwa Danladi; new Chairperson, Forum of the Directors of Oil & Gas Training & Vocational Education Institutes of APPO and Director NNPC Academy, Mrs. Folashade Adekeye and Managing Director, Algerian Petroleum Institute (API), ...

……….by Ben Ndubuwa……… Excited to forge new partnerships last week, Major Energy Marketers Association of Nigeria (MEMAN) and the US Grains Council (UGC) signed an MOU to collaborate in exploring, and developing biofuel such as Ethanol as a means of sustainable innovation to expand the Association’s spectrum of energy offerings in the downstream space and the nation’s energy mix. This ...

The dust raised by last month’s electricity tariff hike is yet to settle as the Nigerian workers, on Monday, disrupted activities in the power sector, demanding its reversal. It was reported that the organized labour picketed offices of all eleven Electricity Distribution Companies and the Nigerian Electricity Regulatory Commission, NERC. In Abuja, the protest was led by Joe Ajaero, NLC ...

In the midst of deteriorating oil production, the American oil giant, Chevron has decided to offload some of its assets in Nigeria for sale. The Multinational, like its competitors, Shell, ExxonMobil and Agip is putting on offer its stakes in two Nigerian offshore oil and gas blocks.It is understood that the company seeks to dispose of ageing assets to focus ...

The Electricity Consumers Assocation of Nigeria (ECAN) has commended Aba Power for maintaining the 2023 electricity tariff even when every other power distribution company (DisCo) in Nigeria has increased the amount paid by Band A customers who receive a minimum of 20 hours of electricity daily by almost 300%. “Though Aba Power Electricity (APLE) Limited began commercial operations only in ...