Energy

Ali Elias Pipeline Vandalism, Legal Setbacks, and Revenue Threats Rock Gas Giant Nigeria Liquefied Natural Gas Limited (NLNG) is facing a worsening operational crisis as gas supplies to its Bonny Island facility have plummeted by 80%, crippling production and raising concerns over the company’s future earnings, according to a Punch Newspaper report citing Bloomberg data. The situation, which has persisted for weeks, threatens Nigeria’s projected 2025 dividends of ₦727 billion, a massive 113% increase from the ₦346 billion paid in 2024. The revenue shortfall could deal a significant blow to Nigeria’s economy, given that NLNG is one of the country’s largest revenue-generating entities. Gas Supply Crisis and Pipeline Attacks NLNG’s Chief Executive Officer, Philip Mshelbila, rec...

By PR …Executive Orders lead to 4 FIDS. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Tuesday in Abuja charged oil and gas industry stakeholders in Africa to institute an Africa-wide local content framework that harmonisespolicies and fosters cross-border partnerships. He said such a framework would allow African nations to leverage collective strengths for mutual prosperity, while emphasising that “local content is not just a policy – it is a strategy for sustainable economic growth.” In his words, it is “the foundation of economic transformation and energy security across Africa.” In a Keynote Addres...

BY PR The Nigerian Content Development and Monitoring Board (NCDMB) and the African Petroleum Producers’ Organisation(APPO) have recommitted their partnership towards establishing African centres of excellence in local content development. Both organisations also encouraged African petroleum producing countries to develop specialised capacities in core services in oil and gas industry, and patronise and partner one another in their areas of expertise. These discussions took place on Thursday when the Secretary General of APPO, Dr. Omar Farouk Ibrahim visited the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Feli...

By Ali Elias Energy experts, according to a story reported by News Agency of Nigeria (NAN) have called for greater technical collaboration with professional bodies such as the International Gas Union (IGU) to drive innovation and maximize Africa’s gas potential. Speaking at the 2025 Nigeria International Energy Summit (NIES) in Abuja, industry stakeholders emphasized the need for synergy in harnessing gas resources for both domestic and international markets.  Emeka Ene, Chairman of OIDA Group/NEDOGAS, highlighted the importance of organizations like the IGU and the Society of Petroleum Engineers (SPE) in advancing industry research and development. According to him, professional bodies play a crucial role in knowledge dissemination and fostering a sustainable gas industry. He s...

Ghana Ministry of Energy By Ali Elias Ghana is making significant strides toward becoming a major energy investment hub, with the Ministry of Energy and Green Transition actively seeking to attract global players in the oil, gas, and renewable energy sectors. At the recent International Energy Week in London, Ghana’s Minister of Energy and Green Transition, John Abdulai Jinapor, met with the African Energy Chamber (AEC) to reinforce the country’s commitment to fostering a favorable business environment for both regional and international investors.  During the discussions, the AEC pledged to conduct a working visit to Ghana to explore investment opportunities and collaboration prospects. This partnership aims to drive economic growth by implementing fiscal frameworks that mak...

As Africa strives to leverage its abundant energy resources for economic advancement and industrial development, Nigeria LNG Limited (NLNG) has reinforced its dedication to cutting carbon emissions while adapting to shifting market demands. Speaking at the 8th Nigeria International Energy Summit (NIES) during a panel session titled “LNG and Domestic Gas Solutions: Paving the Path for Africa’s Energy and Industrial Evolution,” NLNG Deputy Managing Director Olakunle Osobu outlined the company’s comprehensive energy transition strategy. He highlighted key initiatives, including the adoption of Carbon Capture and Storage (CCS) technologies, increased reliance on renewables, a robust Greenhouse Gas and Energy Management Plan, and fleet modernization efforts aimed at reducing carbon emissions...

(3rd left) NCDMB Executive Secretary, Engr. Felix Omatsola Ogbe By Ali Elias The Nigerian Content Development and Monitoring Board (NCDMB) has applauded Shell Petroleum Development Company of Nigeria Limited (SPDC) for awarding the fabrication of two Single Point Mooring (SPM) buoys to Prime Sources Limited (PSL), a Nigerian company based in Warri, Delta State.  SPMs are floating offshore facilities used for loading liquids and gas. The first locally fabricated SPMs were built in 2006 for the Bonga Floating Production, Storage, and Offloading (FPSO) vessel by Dorman Long Engineering Limited. This latest project further strengthens Nigeria’s capacity in the oil and gas sector.  SPDC awarded the contract to PSL, which is executing the project to global quality standards...

Image courtesy: Daily Trust By Ali Elias Lagos, Nigeria – February 27, 2025 – Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, by N65 per litre. Effective Thursday, February 27, 2025, the new price will drop from N890 to N825 per litre.  According to the refinery, this price adjustment aims to provide much-needed relief to Nigerians, particularly as the Ramadan season approaches.  With this latest reduction, Dangote petrol will be available at the following prices in partner retail outlets:  - MRS Holdings stations: N860 per litre in Lagos, N870 per litre in the South-West, N880 per litre in the North, and N890 per litre in the South-South and South-East.  - AP ...

Trading houses Vitol and Glencore will receive $380m in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas producer for non-delivery of cargoes, court documents seen by Reuters showed. The report on Tuesday said the case heard in London’s High Court and Court of Appeal is the latest in a string of lawsuits brought by buyers against sellers and producers for non-delivery of cargoes after gas rallied from lows during the COVID pandemic when Russia invaded Ukraine in February 2022. It said the court proceedings focused on 19 cargoes that NLNG had been due to deliver to Taleveras in 2020-2021. Taleveras sued the Nigerian venture, known as NLNG, involving Shell TotalEnergies, and Eni, as partn...

By Ono Yima The Nigerian Content Development and Monitoring Board (NCDMB) has called for the establishment of a unified local content framework across Africa to harmonize policies and foster cross-border partnerships for mutual prosperity. This was the central message delivered by Mr. Felix Ogbe, Executive Secretary of NCDMB, during his keynote address at the 2025 Nigeria International Energy Summit (NIES) in Abuja. The summit, themed “Bridging Continents: Connecting Investors Worldwide with Africa’s Energy Potential,” is taking place from February 24 to February 27 and serves as a platform for energy industry leaders, investors, policymakers, and stakeholders to exchange knowledge, technology, and best practices on a global scale. Speaking on the topic “Unlocking Africa’s Potenti...