Oil & Gas Archives — City Business News

November 11, 2024 No Responses

NCDMB, Butane Energy, Boost LPG Supply, Unveils Kaduna Plant

The Nigerian Content Development and Monitoring Board (NCDMB) and Butane Energy Limited have recorded a significant milestone in their collective drive to make Liquefied Petroleum Gas (LPG) a widely accessible, cleaner, and more cost-effective fuel option for cooking in the...

November 6, 2024 No Responses

Oando Wins ‘Deal Of The Year’ Award

Oando Plc, listed on the Nigerian Stock Exchange (NGX) and Johannesburg Stock Exchange (JSE) has emerged winner of the ‘Deal of the Year’ award at Africa Energy Week (AEW) 2024.The Africa Energy Chamber (AEC), the organisers of the annual week-long...

November 4, 2024 No Responses

Oando Reports N60.3b Profit, N2.9tri Revenue In 2023

Oando Plc has reported a Profit After Tax (PAT) of N60.3 billion in its audited financials for the year ended December 31, 2023.City Business News online reports that within the period, the company recorded a 43 per cent increase in...

October 31, 2024 No Responses

TotalEnergies Announces First Oil From Mero Field

TotalEnergies has announced first oil from the third development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin. Launched in August...

October 30, 2024 No Responses

Helicopter Crash: NCAA Speaks On Aircraft’s Airworthiness

The Nigerian Civil Aviation Authority, NCAA, has debunked reports concerning the airworthiness of the helicopter that crashed in Port Harcourt last Friday.The NCAA said the reports, as published by an online outlet, were wrong and the helicopter that suffered ...

October 30, 2024 No Responses

NCDMB To Unveil New Contract Cycle Guidelines For Oil, Gas Industry

The Nigerian Content Development and Monitoring Board (NCDMB) is gearing up to launch new Contracting Cycle Guidelines for the oil and gas industry in compliance with the Presidential Directives on Local Content announced by President Bola Ahmed Tinubu in Marc...

October 29, 2024 No Responses

NLNG Appoints Sofia Horsfall As New External Relations Manager

Photo Caption:L -R: Sofia Horsfall, Andy Odeh, and Anne-Marie Palmer-Ikuku The Nigeria Liquefied Natural Gas (NLNG) has appointed Sofia Horsfall as the new General Manager, External Relations with effect from November 1, 2024.Sophia will take over from Andy Od...

October 24, 2024 No Responses

NNPC Reacts To Helicopter Crash

The Nigerian National Petroleum Corporation Limited(NNPCL) has confirmed that it hired the helicopter that crashed into the river in Rivers State on Thursday.NNPCL in a statement issued by its Chief Corporate Communications Officer, Olufemi Soneye, on Thursday...

October 22, 2024 No Responses

Dangote Refinery: Case Against NNPCL, Rano, Matrix, Others Overtaken By Events

The management of Dangote Petroleum Refinery and Petrochemicals FZE has reacted to the reported case it instituted against the Nigerian National Petroleum Corporation Limited and others seeking the nullification of their import licences. The company spoke in a...

October 13, 2024 No Responses

Seplat CFO: ESG, Regulatory Frameworks Driving Energy Investments In Africa

Environment, Social and Governance (ESG) standards and regulatory frameworks in African countries significantly shape oil and gas investments in the continent, as they influence costs, compliance requirements, and project risk profiles.The Chief Financial Offi...

October 13, 2024 No Responses

FPSO To Increase Oil Production By 40,000 bpd

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri has commended the progress of work on the Floating Production Storage and Offloading (FPSO) facility in Lagos, a joint venture between NNPC Limited and Century Nigeria Limited, in partners...

October 9, 2024 No Responses

Seplat CEO: Africa’s Abundant Gas Reserves Offer Immediate Solutions To Prevailing Problems

Africa has abundant gas reserves, and these rich reserves offer immediate solutions to the continent’s immediate and prevailing challenges if well leveraged.The Chief Executive Officer, Seplat energy Plc, Mr. Roger Brown, said this during the ongoing Africa ...

September 17, 2024 No Responses

NNPCL/TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off

The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday.Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural....

September 9, 2024 No Responses

NNPCL/Chevron JV Concludes Conversion Of Assets Into PIA Terms

. In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion...