Fluenta, a global leader in ultrasonic sensing technology for measurement of flare gas says it has completed installation of 18 ultrasonic flare gas meters on large pipelines around the Dangote Refinery Plant in Nigeria.

Mr Radek Kurkowski, a Director at Fluenta, said on Thursday that it spent more than four months working with its exclusive Nigerian representative, Daptem Engineering, and the Dangote project team to deliver a workable, accurate and reliable flare measurement solution.… Read the rest

Lokpobiri who gave the assurance when the leadership of Independent Petroleum Producers Group, IPPG, and the Oil Producers Trade Section, OPTS, visited him in Abuja yesterday, said the government was committed to removing all bottlenecks hindering ease of exploration and production in the energy sector.

Current oil production figures show that Nigeria produced 1.18 million barrels per day (mbpd) last month against OPEC quota of 1.7mbpd and the 1.69mbpd set in this year’s budget.… Read the rest

The Nigerian Union of Petroleum and Natural Gas (NUPENG) on Thursday directed its members to commence full mobilisation to ensure compliance with the directive of the Nigerian labour unions to embark on an indefinite strike.

Members of NUPENG include the influential Petroleum Tanker Drivers (PTD) whose members drive the petrol and diesel tankers that distribute the products from Lagos, where they are imported, across Nigeria.… Read the rest

Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has appealed to government to ensure stability in price of gas.

The appeal was made during the 36th Annual General Meeting of NALPGAM held at Golden Tulip in Ibadan, Oyo State capital.

The National President of NALPGAM, Mr Abideen Olatunbosun, noted the importance of prioritising gas availability for all Nigerians.

Motorists in Lagos and Ogun states are going through hard times to buy petrol as many stations yesterday shut down operations, heightening speculation of possible hike in pump price.

LEADERSHIP had yesterday reported that supplies had dropped significantly as the Nigerian National Petroleum Company Limited, NNPCL, which currently is the sole importer of products, may have reverted to the crude swap initiative to sustain distribution of petrol that had since May this year been disrupted after President Bola Tinubu announced the removal of subsidy.… Read the rest

Oil output from Nigeria’s Production Sharing Contracts (PSCs) with partnering firms fell to a record low of 34 per cent within a period of 12 months, underscoring the seriousness of the country’s perennial inability to produce enough crude oil for export.

A THISDAY review of the latest Oil and Gas Report released by the Nigeria Extractive Industries Transparency Initiative (NEITI), covering 2021, showed that only 12 of the PSC blocks recorded production, while 23 other blocks, representing 66 per cent of total number of PSC blocks had no output.… Read the rest

The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Content Development and Monitoring Board (NCDMB) have signed an agreement with the International Oil Companies (IOCs) to reduce the contracting cycle to an optimal level of not more than 180 working days.

The state-owned oil company said in a statement seen by BusinessDay that the Memorandum of Understanding, which was executed on Monday at the NNPC Towers in Abuja, was a demonstration of NNPC Ltd’s commitment to the efficiency mandate as enshrined in the Petroleum Industry Act (PIA), which is hinged on developing an industry framework for an optimised contracting cycle.… Read the rest

The African Petroleum Producers Organisation (APPO) has said that it plans to commit $5 billion to the establishment of the African Energy Bank (AEB), to develop oil and gas assets across oil-producing member countries.

Secretary General of APPO, Dr Omar Ibrahim, who spoke during a news conference held on the sidelines of the recent 24th World Petroleum Congress (WPC) in Calgary, Canada, stated that the bank would be established in collaboration with Afreximbank, according to a News Agency of Nigeria (NAN) report.… Read the rest

CapEx are funds targeted at acquiring, rehabilitating and operating plants and other infrastructure in the petroleum.

Speaking at the sidelines of the ongoing World Petroleum Congress, Calgary, Canada, Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Gbenga Komolafe, said the uncertainty discouraged investors from staking their resources in the industry.

According to the News Agency of Nigeria, NAN, Komolafe, who was represented by the Commission’s Executive Commissioner, Kelechi Ofoegbu, said the development culminated in the stagnation of the nation’s oil and gas industry.… Read the rest

Nigeria has secured a total of $13 billion in investment commitments in its oil and gas sector from major international energy companies, including ExxonMobil, Shell, and TotalEnergies.

Special Adviser on Energy to  President Bola Tinubu, OluVerheijen, revealed this in a statement made available to newsmen, Weekend.

Verheijen said the President and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have met with representatives of 15 oil and gas companies operating in Nigeria and have secured their commitment to invest in Nigerian oil and gas.… Read the rest