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NNPC Partners Seplat to Deliver 3.4bcf of Gas by 2020

NNPC Partners Seplat to Deliver 3.4bcf of Gas by 2020

The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company Plc have signed five agreements to develop a gas production project aimed at delivering about 3.4 billion standard cubic feet of gas per day (bscfd) by 2020, a statement from the corporation has disclosed. The statement explained that the new gas project was part… READ MORE

Why We Have Different Gas Prices In Nigeria – NNPC, Mr. Bello Rabiu explained

The Nigerian National Petroleum Corporation, NNPC, has stated that the nation’s aim of attracting investors to its gas utilisation drive and creating value for the economy has been responsible for different gas prices in the domestic market. The Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation, NNPC, Mr. Bello Rabiu, made this known yesterday, at… READ MORE

FG Removes VAT From Cooking Gas. Price To Crash

FG Removes VAT From Cooking Gas. Price To Crash

Adewale Sanyaolu Indications emerged at the weekend that the Federal Government has finally succumbed to stakeholders’ pressure by removing Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) popularly called cooking gas. With this development, consumers should expect a crash in the price of cooking gas by about 20 percent. Currently, a 12.5kg bottle of… READ MORE

Nigerian research centre invites bids for biomass plant

The National Centre for Energy and Environment has invited bidders to tender for the development of power generation using biomass waste plant. Qualified, interested and credible companies are to collect tender documents from the Centre for Energy and Environment TSA Account through Remita. The completed Technical and Financial tender documents must be submitted in three… READ MORE

Nigeria’s renewable energy sector has seen $200m investments – Stanbic power head

Nigeria’s renewable energy sector has seen $200m investments – Stanbic power head

Nigeria’s renewable energy segment has recorded $200million worth of equity investments, Stanbic IBTC Bank’s Head, Power & Infrastructure, Mr Abiodun Oni, has said. He said the capital is small in view of the investment gap in the off-grid sub-sector of the electricity industry. According to him, more private investments are coming to the sector to… READ MORE

Four start-ups win $40,000 in All On’s clean energy challenge

Four start-ups win $40,000 in All On’s clean energy challenge

The winners of the Clean Energy Innovation Challenge have been selected. The Challenge, which had the aim of unearthing and supporting renewable energy innovators in Nigeria, awarded startup capital of $10,000 (N3.6m) to four early stage energy companies, namely Aspire, Hydrolite, Hydrotriciton and ZeroElectric. Beside, the startup capital, these companies and the five other finalists… READ MORE

Dangote’s $14bn Refinery May Force Closure Of Some European Export Refineries – Expert

Dangote’s $14bn Refinery May Force Closure Of Some European Export Refineries – Expert

Some European refineries that have supplying more than 75 percent of Nigeria’s refined products’s consumption may be forced to shut down if they fail to find alternative markets when Dangote’s refinery project comes on stream in the first quarter of 2020. Andrew Bonnington, Editorial Director, Strategic Oil Markets Development, S&P Global Platts, a global provider… READ MORE