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Video: Dangote refinery and economic diversification

The Dangote refinery has been greatly lauded and regarded as a welcome development for the Nigerian economy and the world at large. The refinery which is expected to produce 650,000 barrels per day was recently put forward by the Organization of the Petroleum Exporting Countries, OPEC as a key factor to driving world crude oil refining capacity

Kachikwu charges ExxonMobil to do more

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has charged ExxonMobil Nigeria to do more in the country. This was stated in his visit to the ERHA FPSO on April 13, operated by ExxonMobil Nigeria. According to Vanguard, the Ministry of Petroleum Resources sent a statement that the visit was targeted at enhancing the

NCDMB awards Seplat most impactful upstream operating company

The Nigerian Content Development and Monitoring Board (NCDMB) has awarded Seplat Petroleum Development Company Plc the most impactful independent upstream operating company for its local content initiatives at the Nigeria Oil and Gas Opportunity Fair (NOGOF) in Yenagoa, Bayelsa State. The two-day programme had in attendance major players across

Firm to build refinery in Ondo

Crown Refinery & Petrochemical Limited has signed a Memorandum of Understanding with Ondo State government for the building of a $500 million refinery in Ilaje Local Government Area of the state. The plant is designed for an initial production capacity of 30,000 Barrels per day. The refinery is expected to increase its crude oil refining

Axxela inaugurates Greater Lagos IV Gas Pipeline Network

Axxela Limited recently inaugurated its Greater Lagos IV (GLIV) gas pipeline network alongside its newly renovated Elegbata Sports Complex. The Greater Lagos IV (GLIV) is Axxela’s gas pipeline network, developed by Gaslink Nigeria Limited subsidiary in partnership with the Nigerian Gas Marketing Company, NGMC.

NNPC resumes Port Harcourt refinery repairs

The Nigerian National Petroleum Corporation (NNPC) announced yesterday that rehabilitation of the 210,000 barrels per day (bpd) capacity Port Harcourt refinery in Rivers State has commenced. The corporation’s Group Managing Director, Maikanti Baru, commissioned the project in Port Harcourt. He revealed that Milan-based Maire Tecnimont S.p.A, in

Nigeria to build gas pipeline across North Africa

The Nigerian National Petroleum Corporation (NNPC) has revealed plans to extend the ongoing Ajaokuta – Kaduna – Kano (AKK) gas pipeline system through the Sahara to North Africa. The AKK gas pipeline which is designed to enable gas connectivity between the East, West and North of the country is currently inadequate. The Group Managing

Total gets Nigeria, Sao Tome affirmation for oil exploration

Total has been awarded an exclusive right by Nigeria and the Island of São Tomé and Principe to begin exploration for oil in three blocks, 7, 8 and 11, located within the hydrocarbon-rich Joint Development Zone (JDZ) owned by both countries in the Gulf of Guinea. The right to explore for oil in the JDZ blocks was granted to Total after
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