Nigeria and Russia on Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukeoil to elevate commercial relationship to a government-to-government backed partnership.

Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, confirmed this development in a statement in Abuja, He said with signing of the MoU, NNPC and Lukeoil would work together in upstream operations and revamp Nigeria’s refineries.

According to him, the Group Managing Director of NNPC, Mele Kyari and Vagit Alekperov, President of leading Russian oil company, Lukeoil, signed the MoU, which entails cooperation in deep offshore exploration of oil in Nigeria, production, trading and refining.
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https://punchng.com/nnpc-signs-mou-with-russian-oil-company/

Domestic utilization of Liquefied Petroleum Gas (LPG) popularly known as cooking gas which was around 40,000 Metric Tonnes (MT) in January 2018 has hit about 78,000 MT in July 2019, indicating about 95 percent increase. The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, disclosed this in a statement on Sunday…
 
More details through:
https://www.dailytrust.com.ng/nigeria-records-95-growth-in-cooking-gas-utilization-says-pppra.html

Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Company says its company has agreed to $2.5b financing with a Chinese lender for pipeline in Nigeria. Kyari also said that the attacks on Saudi crude processing plant and fields can be a "big challenge" for the oil market if the outage is protracted…
 
More details through:
https://www.bloomberg.com/news/videos/2019-09-15/nnpc-agrees-to-2-5-billion-financing-with-chinese-lender-for-pipeline-in-nigeria-video
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The Nigeria Liquefied Natural Gas Company, NLNG, would attract investment worth of $7bn in its construction phase, as it announced that SCD Joint Venture, JV, Consortium, comprising Saipem of Italy, Japan’s Chiyoda and Daewoo of South Korea, has emerged the preferred bidder for its Liquefied Natural Gas Train 7 project.
 
The announcement was made on Wednesday by the Managing Director of the Nigeria LNG, Tony Attah, at the Letter of Intent Signing Ceremony in Abuja…
 
More details through:
https://businessday.ng/energy/oilandgas/article/nlng-to-attract-7bn-investment-as-it-announced-sdc-jv-for-its-train-7-project/
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Airborne Oil & Gas says it has secured a contract with Addax Petroleum to deliver two gas lift jumpers in Nigeria. The Netherlands-headquartered firm said this would result in its thermoplastic composite pipeline products becoming a permanent application in West Africa for the first time. It said it would supply two 180-metre-long TCP jumpers to support the Sinopec subsidiary’s operations in the Okwori field, off the coast of Nigeria, within an eight-week time frame…
 
More details through:
https://punchng.com/netherlands-based-firm-gets-contract-from-addax/

The hunt for land rigs by Anglo-Dutch super major Shell, and Nigerian independent Seplat Petroleum, probably shows exploration and production activities are about to pick-up again after active rig count in Nigeria fell by half last year.
 
Shell is getting ready for a major drilling programme and has gone to the market for two jack-ups and a pair of land rigs, one of which will have to handle high-pressure, high-temperature wells. Seplat Petroleum is also searching for a land drilling rig for work on Oil Mining Licence (OML) 53…
 
More details through:
https://businessday.ng/energy/oilandgas/article/shell-seplat-in-hunt-for-land-rigs-signals-possible-oil-recovery/
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Seplat Petroleum Development Company Plc’s planned $700m Assa North /Ohaji South (ANOH) gas and condensate field project, at completion, is expected to contribute significantly in addressing Nigeria’s deficit in thermal power delivery.
 
This project straddles OML 53 (Seplat 40 per cent working interest and operator) and OML 21 (Shell JV)…
 
More details through:
https://businessday.ng/energy/oilandgas/article/seplats-700m-anoh-gas-investment-to-address-nigerias-power-deficit/

Green Energy International Limited, operator of the Otakikpo marginal field in Oil Mining Lease 11 in Rivers State, on Sunday, announced the signing of a $350m Memorandum of Understanding with a consortium of international companies for the development of the marginal field and others in the area.
 
It said the international companies include an oil services giant, a London-based international bank, a prominent crude oil off-taker and an EPC contractor for the second phase development of the Otakikpo field involving a total package of $350m…
 
More details through:
https://punchng.com/oil-firms-sign-350m-deal-to-develop-marginal-fields

Nigeria’s NNPC said on Thursday it was planning to change the way energy joint ventures paid operating costs to help ensure smooth financing for projects that have often struggled to secure timely contributions from the state-run oil firm.
 
The new “incorporated joint venture” model would allow the ventures to operate as independent entities, so they could raise capital through equity or debt and then pay dividends to shareholders, NNPC said in its statement.
 
Under the current structure, energy firms operating the ventures cover costs and issue cash calls to NNPC for its share…
 
More details through:
https://af.reuters.com/article/nigeriaNews/idAFL8N2453JT
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Rungas Industries, an indigenous Nigerian firm, in collaboration with the United Group of Egypt, has secured an executive partnership with Egypt’s National Organisation for Military Production to produce and assist with the distribution of Liquefied Petroleum Gas and Compressed Natural Gas composite cylinders.
 
The firm, which is a subsidiary of Rungas Group of Companies, said the Egyptian government had already allocated 28,000 square metres of land for the $30m project in Alexandria, the home for the Egyptian Gas Industrial Park. According to a statement, the facility will produce 200,000 LPG composite cylinders for domestic use (cooking) and 130,000 CNG cylinders for vehicles and automobiles…
 
More details through:
https://punchng.com/nigeria-firm-to-manufacture-gas-cylinders-in-egypt/