Petroleum
NNPC and Partners, Total, Shell and Agip, Finalise Major Gas Supply Deal for Nigeria's $3.3 Billion Brass Methanol Project
Energy Partnerships

NNPC and Partners, Total, Shell and Agip, Finalise Major Gas Supply Deal for Nigeria’s $3.3 Billion Brass Methanol Project

The Nigerian National Petroleum Corporation (NNPC) Limited, in partnership with Shell, TotalEnergies, and Agip, has signed a groundbreaking gas sales and purchase agreement with Brass Fertilizer & Petrochemical Company Ltd. This agreement marks a major milestone in Nigeria’s ongoing efforts to monetize its vast gas reserves and diversify its energy sector. The deal, finalised in […]

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Nigeria’s Oil Production to Surge with FPSO Project, Minister Lokpobiri Reports
Economy Energy

Nigeria’s Oil Production to Surge with FPSO Project, Minister Lokpobiri Reports

As Nigeria intensifies efforts to revitalise its oil industry, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has lauded the ongoing development of the Floating Production Storage and Offloading (FPSO) facility in Lagos. The project, a collaborative venture between the Nigerian National Petroleum Company Limited (NNPCL), Century Nigeria Limited, West African Exploration […]

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NNPC and Partners, Total, Shell and Agip, Finalise Major Gas Supply Deal for Nigeria's $3.3 Billion Brass Methanol Project
Economy Energy

Decline in NNPC Dividends to Federation Account After Petroleum Industry Act Implementation

Dividends from the Nigerian National Petroleum Company (NNPC) Limited to the federation account have dropped significantly following the full implementation of the Petroleum Industry Act (PIA), with crude oil and gas sales earnings through joint venture (JV) assets plummeting from $11.9 billion to $1.83 billion. This sharp decline was revealed in the Agora Policy Report, […]

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Oando Becomes Nigeria's First Indigenous International Oil Company as its Valuation Hits $4 Billion
Energy Market

Oando Becomes Nigeria’s First Indigenous International Oil Company as its Valuation Hits $4 Billion

Oando Plc, a trailblazer in the Nigerian oil and gas industry, has now attained the prestigious status of Nigeria’s first indigenous International Oil Company (IOC) following its operations outside the shores of Nigeria, particularly in the Sao Tome and Principe Exclusive Economic Zone (EEZ). This monumental achievement is a testament to the dedication and vision […]

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