NIGERIA: Petroleum Department Speaks on Oil and Gas Digitalization

The Oil and Gas Service Providers Association of Nigeria, OGSPAN has agreed on a plan to establish a Petrohub, which is aimed to digitalize sales of petroleum products in the marketplace. This was made known by the Oil and Gas Service Providers Association of Nigeria President, Mazi Colman Obasi. He said that the Director, Department… Continue reading NIGERIA: Petroleum Department Speaks on Oil and Gas Digitalization

NIGERIA: Demand for Liquefied Petroleum Gas Rise by 40%

Nigeria’s domestic demand for Liquefied Petroleum Gas, LPG has drastically increased from 600,000MT to 840,000MT which has signified a rise of Liquefied Petroleum Gas by 40 per cent. This statement was declared at the Annual General Meeting, AGM of the Nigeria Liquefied Petroleum Gas Association, NLPGA. Speaking at the meeting the President, Nigeria Liquefied Petroleum… Continue reading NIGERIA: Demand for Liquefied Petroleum Gas Rise by 40%

NIGERIA: Lekoil and Optimum Petroleum Company Agree to Postpone OPL 310

Nigeria’s Indigenous Lekoil, an oil and gas production and exploration company has uncovered the company has negotiated and agreed with Optimum Petroleum Development Company who was the operator of the OPL 310 License on postponing the company’s financial and operational action due to February 2020. It was stated that Lekoil was requested to pay a… Continue reading NIGERIA: Lekoil and Optimum Petroleum Company Agree to Postpone OPL 310

NIGERIA: DPR Establishes Fuel Laboratory

The Department of Petroleum Resources creates a Multimillion Naira Laboratory project in Cross River State to guarantee and ensure the effective distribution of good quality petroleum products. The Department of Petroleum Resources, Operations Controller Field Office, Calabar, Mr. Philip Awolu opened the petroleum laboratory at the agency office in Cross River State. At the inauguration,… Continue reading NIGERIA: DPR Establishes Fuel Laboratory

NIGERIA: Lekoil Scammed in Loan Fraud

Lekoil limited an Oil Exploration and Production company disclosed that the company has been scammed by some individuals who seem to be representing the Qatar Investment Authority (QIA) on loan deal worth $184m. The loan deal which was for proposed drilling and development on the Ogo field Nigeria. The company announced to stop and suspend… Continue reading NIGERIA: Lekoil Scammed in Loan Fraud

NIGERIA: Petrol Subsidy Averages at N45.87 per Litre

The Federal Government of Nigeria is recently paying an average of NGN45.87 as fuel subsidy on litre of fuel used in the country. The Petroleum Products Pricing Regulatory Agency (PPPRA) stated that the Federal Government through the Petroleum Agency, Nigerian National Petroleum Corporation expends an average of N45.87 as Subsidy in the first 10 days… Continue reading NIGERIA: Petrol Subsidy Averages at N45.87 per Litre

NIGERIA: New Pipelines to be Added

Globaldata, an Oil and Gas Data Analysis Company has uncovered that about eleven new pipelines should be expected in Nigeria. The company stated that Nigeria is in anticipation to add about 35percent of Africa’s total planned and declared oil and gas new-build trunk transmission pipeline length additions between 2019 to 2020. The data analysis company… Continue reading NIGERIA: New Pipelines to be Added

NIGERIA: Russia to Partner with Country on Gas Development

The Russian Federation has shown interest to partner with Nigeria through the Nigerian National Petroleum Corporation in order to develop Nigeria’s gas and power sector. This Development Partnership Agreement was disclosed during a working visit by the Ambassador of Russia to Nigeria, Ambassador Alexey Shebarshin who visited the Group Managing Director of Nigerian National Petroleum… Continue reading NIGERIA: Russia to Partner with Country on Gas Development

NIGERIA: Group Recommends NLNG Model to Restore Refineries

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has recommended the application of the Nigeria Liquefied Natural Gas (NLNG) operating system and model to restore the country refineries. The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Mr. Ndukaku Ohaeri said that the achievement history of Nigeria Liquefied… Continue reading NIGERIA: Group Recommends NLNG Model to Restore Refineries

SOUTH SUDAN: Government Calls for Environmental Audit of Oil Fields

South Sudan Government has made a clarion call for the environmental audit of all oil-producing fields in the country. It would be recalled that the oil sector in South Sudan is governed by the Petroleum Act (2012), an act made a year after independence. The petroleum act is made to checkmate the impact made on… Continue reading SOUTH SUDAN: Government Calls for Environmental Audit of Oil Fields