Oil and Gas Trends Magazine

04/01/2024

03/12/2023

PORT HARCOURT REFINERY UPDATE DOCUMENTARY

Watch till End
God Bless Nigeria 🇳🇬❤️

19/06/2023

ExxonMobil Announces New Chairman and Managing Director in Nigeria
· Shane Harris to assume role as lead country manager for ExxonMobil’s three affiliates in Nigeria
· Richard Laing retires following more than 30 years with the company

07/06/2023

Trends are showing that the prices of cooking gas are dropping considerably in some places in Nigeria.

How much is the price in your area?

22/05/2023

Oil and gas opportunities valued at over $50bn and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity …

10/05/2023

Expectations about Dangote Refinery inauguration are Extremely Exaggerated

The ceremony around the planned visit by the Nigerian President to the Dangote Refinery on May 22, 2023, will peak with a cutting of the ribbon, 'inaugurating' the 650,000Barrels per Stream Day Plant, located in the eastern flank of Lagos, the country's commercial city.
Everyone, it seems, looks forward to production of petroleum products from the plant after that symbolic activity.
But it will not happen.
As President Muhammad Buhari leaves office a week after
"commissioning" of one of the largest, single train hydrocarbon processing plants on the planet, he could be forgiven for believing he had had his wish to be in such a large place, but technology does not sit well with politics.
The ongoing technical commissioning process has not gotten anywhere close to the point of introducing raw hydrocarbon into the plant, let alone delivering petroleum products. Read more...https://oilandgastrendsmagazine.com/expectations-about-dangote-refinery-inauguration-are-extremely-exaggerated/

06/05/2023

NUPRC plans fast licensing for indigenous oil firms

The Nigerian Upstream Petroleum Regulatory Commission has said that the commission will support indigenous oil and companies with the right policies and regulations to grow.

The commission Chief Executive, NUPRC, Mr Gbenga Komolafe, stated this during a visit to the exhibition booth of Green Energy International Limited at the Offshore Technology Conference in Houston, Texas, United States of America.

He said the oil and gas industry regulator would continue to support companies in the ranks of Green Energy International with a quick turnaround time for licensing and other necessary approvals needed to grow their business.

He said at a time when funding for oil and gas projects was becoming difficult due to policies around energy transition and a deliberate shift to renewable energy projects, Green Energy International had been able to secure funding for its projects.

According to him, the ability of the company to secure funding for its various projects is a testament that it is on the right track and as such, needed all the right support to grow.

‘‘If you look at what the company has done. You will discover that they have tried to leverage on in-country capability and that is in alignment with what NUPRC is doing. We have come here as a commission to give them encouragement and to assure the company that the NUPRC will give them all the backing as a business enabler.” Read more...https://oilandgastrendsmagazine.com/nuprc-plans-fast-licensing-for-indigenous-oil-firms/

05/05/2023

01/05/2023

Embargo on Russian gas opens $176m revenue window for Nigeria

NMDPRA rallies stakeholders for gas utilisation to boost devt
Nigeria stands to earn $176 million, if it can explore embargo on Russian gas to supply 10.7 per cent of the total Liquified Natural Gas (LNG) supplies to Europe (512 billion cubic feet) to bridge its cash crunch challenge.

This comes as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) urged collaborations and interventions among stakeholders to improve domestic gas utilisation in the country.

The embargo that saw cancellation of the Nord Stream II and sabotage of the Nord Stream I Yamal pipeline has opened an opportunity for Nigerian LNG to supply 10.7 per cent (55 billion cubic feet or 1.1 million metric tonnes) of the total consumption of Europe, which is 512 billion cubic feet (or 10.5 metric tonnes) yearly.
Read more...https://oilandgastrendsmagazine.com/embargo-on-russian-gas-opens-176m-revenue-window-for-nigeria/

27/04/2023

In furtherance of its efforts to deepen Nigeria's domestic gas utilization and enhance gas export, has signed a Memorandum of Understanding (MoU) with a Norwegian company, Golar LNG (GLNG),to build a Floating Liquified Natural Gas (LNG) plant in Nigeria.

Group CEO NNPC Limited, Mallam Mele Kyari and CEO of Golar LNG, Mr Karl Fredrik Staubo, signed the agreement on behalf of their respective companies during a brief ceremony held at the in Abuja, yesterday.

Golar LNG is one of the world's largest independent owners and operators of marine-based LNG midstream infrastructure that is active in the liquefaction, transportation and regasification of natural gas.

27/04/2023

Nigeria Tops African Oil Producers As OPEC’s March Output Hit 28.80MBP

Nigeria was Africa’s top crude oil producer in March 2023, with a production capacity of 1.2 million barrels per day (bpd), even as the Organization of Petroleum Exporting Countries(OPEC)’s total crude oil production averaged 28.80 million barrels a day in March, lower by 86,000 barrels per day month-on-month.

However, Nigeria has reported the lowest production so far this year, according to the Nigerian Upstream Regulatory Commission (NUPRC). Read more...https://oilandgastrendsmagazine.com/nigeria-tops-african-oil-producers-as-opecs-march-output-hit-28-80mbp/

27/04/2023

Fuel Subsidy: Be Ready To Pay N100,000 Minimum Wage, NLC Tells FG

The Nigeria Labour Congress (NLC) has said the plans of the federal government to remove the contentious fuel subsidy would be an open invitation to social and economic crisis in Nigeria.

The outgoing government under President Muhammadu Buhari had fixed June as the date for the removal of the fuel subsidy and announced the approval of N5,000 palliative to poor citizens as part of measures to ameliorate the expected difficulties that would follow the eventual removal.

But the NLC explained that the incoming administration of Bola Tinubu must tread with caution on the subsidy policy in order not to further plunge the nation into problems, adding that there would be increased poverty among the citizens if the government goes ahead with the removal. Read more...https://oilandgastrendsmagazine.com/fuel-subsidy-be-ready-to-pay-n100000-minimum-wage-nlc-tells-fg/

22/04/2023

PENGASSAN Clarifies Stand On Petrol Subsidy Removal

Port Harcourt — The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN has clarified that the union was not against fuel subsidy removal, but that the government must provide alternative by ensuring that the nation’s four refineries are functional.

Newly elected Chairman of PENGASSAN, Port Harcourt Zone, Comrade George Nwoko, disclosed this to newsmen shortly after the conclusion of the union’s 7th Triennial Delegate Conference held in Port Harcourt. .Read more...https://oilandgastrendsmagazine.com/pengassan-clarifies-stand-on-petrol-subsidy-removal/

22/04/2023

Shell, Technooil, Schlumberger, Others Emerge Winners at NIES 2023 Industry Awards

Mrs. Nkechi Obi, Group Managing Director, Techno Oil, receiving the N.I.E.S 2023 Lifetime Oil and Gas Achievement Award from the Permanent Secretary, Ministry of Petroleum Resources, Ambassador Gabriel Tanimu Aduda at the Nigeria International Energy Summit in Abuja

The Shell Petroleum Development Company Nigeria Limited, TechnoOil Group, Schlumberger and other international and indigenous oil and gas companies have emerged winners at 6th edition Nigeria International Energy Summit (NIES 2023) Industry Awards.

The annual prestigious N.I.E.S Energy Industry Awards is bestowed on individuals and organizations that cemented its reputation through technical contributions, service to colleagues, professional excellence, industry leadership, career achievement, public service and more so, see far beyond the impossibilities to create innovative solutions that change lives, enhance communities including fostering Nigerian content. Read more...https://oilandgastrendsmagazine.com/shell-technooil-schlumberger-others-emerge-winners-at-nies-2023-industry-awards/

28/03/2023

NNPC Releases Additional 1.4 Billion Litres of PMS in 25 Days

The Nigerian National Petroleum Company Ltd has continued in its efforts to ensure adequate supply of Premium Motor Spirit into the market.
In a fresh move to ease fuel supply gap in Africa’s biggest economy, the NNPC Ltd has evacuated additional 418.02 million litres across the 36 States and the Federal Capital Territory.
According to reports, from 4th of March to 24th March 2023, a total of 1.46 billion litres of PMS have been evacuated to different states.
However, between March 18 and March 24 2023, average daily evacuation was 59.71 million litres.
A breakdown showed that 80.41 per cent of evacuation took place at the 27 top loading depots with minimum evacuation of 5 million litres.
The remaining depots evacuated only 19.59 per cent pf total volume.
The top receiving states during the period were Lagos where 1,957 trucks were dispatched; FCT received 550 truckloads of fuel while Delta received 508 tracks of the product.
Meanwhile, between 11th March to 17th March, 488.94 million litres of fuel were evacuated across the states.
NNPC has also dispatched 558.83 million litres of fuel early in 2023.

22/03/2023

The Nigeria Midstream and Downstream Petroleum Regulatory Authority has unveiled six regulations that would guide the operations of companies in the oil and gas industry to conduct transactions in …

22/03/2023

NMDPRA Unveils Six New Regulations for Nigeria’s Oil & Gas Industry in PIA

The Nigeria Midstream and Downstream Petroleum Regulatory Authority has unveiled six regulations that would guide the operations of companies in the oil and gas industry to conduct transactions in line with the provisions of the Petroleum Industry Act (PIA).

The unveiling was done at the headquarters of the Authority located in Abuja at an event attended by critical stakeholders in the oil and gas industry.

The six regulations are the Midstream and Downstream Petroleum Operations Regulations; Petroleum Measurement Regulations; Assignment or Transfer of Licence and Permit Regulations; Natural Gas Pipeline Tariffs Regulations; Gas Pricing, Domestic Demand and Delivery Regulations and Petroleum (Transportation and Shipment) Regulations.

Speaking at the unveiling, the Authority’s Chief Executive, Farouk Ahmed said the move is in line with the Petroleum Industry Act (PIA) 2021.Read more :

The Nigeria Midstream and Downstream Petroleum Regulatory Authority has unveiled six regulations that would guide the operations of companies in the oil and gas industry to conduct transactions in …

05/11/2022

The Ministry of Petroleum Resources says it has developed a framework for the concession of oil and gas pipeline assets. The Ministry of Petroleum Resources says it has developed a framework for th…

05/11/2022

Nigeria’s vast non-oil endowment must be urgently leveraged to diversify and expand its revenue base, reduce the dependence on crude oil for foreign exchange earnings, and stimulate rapid economic …

29/10/2022

Bovas Oil and Gas company is Recruiting both Skilled and Unskilled. You can apply apply through this link below.

*APPLY NOW*
https://lyupz.com/BOVAS-OIL-AND-GAS-RECRUITMENT-PORTAL2023