Saturday, May 21, 2022

The Lekoil Crises As Metallon Pulled Out 41% Stake

lekoil
The latest development may have sent shivers down the spines of investors as the value of the company’s shares dipped 41 per cent at 0.90 pence.

Nigeria earns N5.32trn from oil & gas in one and half...

Nigeria earns N5.32trn from oil & gas in one and half years
Nigeria earned N2.405 trillion from the oil and gas sector in the first six months of 2020 and N2.92 trillion in...

How 13%, NDDC benefits are hijacked from oil communities

How 13%, NDDC benefits are hijacked from oil communities
Contrary to the widely held view that core oil-producing areas in the Niger Delta are benefiting from 13 percent derivation and...

Nigeria is behind in global energy transition race, experts say

Nigeria is behind in global energy transition race, experts say
Petroleum experts have raised the alarm about Nigeria’s current heavy dependence on fast-depreciating crude oil receipts at a time forward-looking oil-producing...

How Nigeria’s Rising Population And Huge Oil Reserve Will Favour Insurance...

https://nogspeed.com/dpr-plans-to-enhance-opportunities-for-business-activities-in-the-petroleum-industry/
A recent report released by AM Best shows how Nigeria’s substantial oil and gas reserves, its young and rapidly growing population...

Global Energy Review 2020

World Energy Update
First quarter of 2020 - compared with first quarter of 2019 Gas consumption had begun falling over...

Tackling Oil Spill In Niger Delta

Shell Nigeria Gas (SNG) said it would continue to optimise its onshore footprint while investing in gas development in Nigeria. This came as the company commissioned an indigenous contractor, Gredor Nigeria Limited, to begin the construction of the gas pipeline infrastructure to deliver gas to the Nigeria Content Development and Monitoring Board Industrial Park in Polaku, Bayelsa State. SNG had earlier in the year acquired the lease of one hectare of land in Polaku for the gas project which will supply gas for industries in the park and the environs. The project is expected to be delivered within six months. Speaking at the commissioning, the Managing Director, SNG, Ed Ubong said the Polaku project would boost industrialisation in Bayelsa State and provide employment opportunity for skilled and unskilled local population in addition to directly improving internally generated revenues in the state. He said, “The project will increase the over 150 industrial and commercial customers in Nigeria who currently receive SNG’s supply of natural gas through gas infrastructure that we have built with our partners and local stakeholders.” Responding to the rapid expansion of SNG as distribution network, Country Chair, Shell Companies in Nigeria, Osagie Okunbor said Shell was positioned to continue to optimise its onshore footprint while investing in gas. “For more than 50 years, Shell has been in the forefront of the campaign to develop and monetise Nigeria’s huge gas resources. SNG continues to demonstrate leadership in this space, growing the domestic gas market and also helping to improve lives in every state it operates.” SNG recently completed 20 kilometres domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma and Ariaria industrial zones. The expansion project has enabled the supply of pipeline gas to Ariaria Market Energy Solutions Limited, the Independent Power Project (IPP) consortium that provides electricity to the popular Ariaria market in Abia State. Ariaria International Market is one of the largest leather shoe-making and open stall markets in West Africa, with over 37,000 shops and an estimated one million traders.
Oil spillage is a regular occurrence in the Niger Delta due to third party infractions of oil facilities. Evidently,...

Ogoni Remediation Project: X-Raying Commitment Of Partners And Shell Response Initiative

Oil spill clean up activities in Bodo, Ogoni land
The history of oil exploration and production in Ogoniland is a long, complex and often painful one that to date has become...

Why the oil sector’s contribution to Nigeria’s development is minimal —...

Until Nigeria reviews its strategies and policies relating to the petroleum industry, focusing more on increased domestic consumption of its oil and gas resources...

Energy future: looking stiffer, but brighter!

True Perspective In the last few months, it was a galore of change in...

Three decades after, NLNG waxes stronger

A BRIEF INSIGHT INTO THE JOURNEY. T he Nigeria Liquefied Natural Gas (NLNG) recently marked 30 years of operations at the palace...

A HARVEST OF NEW LEADERSHIPS IN NIGERIAN OIL & GAS

A t no one time has the oil and gas industry experienced several change-of-guards in various areas of the sector almost...

ENERGY FUTURE: Looking stiffer, but brighter!

//Afam Paulkinson Umeano// I n the last few months, it was a galore of change in the topmost...

Realities, Possibilities, Emerging Frontiers in Nigeria’s oil, gas landscape

Afam Umeano & Kabir Mohammed The prolonged lull in the global oil market, characterised by low price which held sway for a greater part of...

GAS AS NIGERIA’S NEXT INVESTMENT FRONTIER

the role of natural gas in energy security is tied closely to its ability to address environmental challenges. As concerns about air quality and...

Realities, Possibilities, Emerging Frontiers in Nigeria’s oil, gas landscape

By Afam Umeano and Kabir Mohammed The prolonged lull in the global oil market, characterised by low price which held sway for a greater part...

Petroleum Ministry’s Silver Bullets for Oil Sector Reforms

the Nigerian petroleum industry, over the years, has been described as a cesspool of corruption but the current administration, worried about the tag, has...

Sustaining Energy Output In Nigeria by Afam P. Umeano

Threats to fossil fuels, financing constraints, oil price volatility and militancy are challenges Nigeria can turn around through constructive engagement and strategic initiatives challenges in...

NIGERIA ENERGY: Realities, Possibilities, Emerging Frontiers

the prolonged lull in the global oil market, characterised by low price which held sway for a greater part of 2017 had compelled the...
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