Latest Oil & Gas News Roundup For February 28 - March 6, 2022

Welcome to the AllNews roundup of the latest Oil & Gas News that made the round last week.

NURPC Highlights Implications Of Global Change From Fossil Fuels

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has said that the goal of the global change to move completely away from fossil fuels has its implications.

The Chief Executive, NUPRC, Gbenga Komolafe, said this on Thursday in Abuja at the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the theme “Revitalising the Industry: Future Fuels and Energy Transition.” Read more here.

NNPC, Dangote, Shell Others Sign Deal On Gas Supply

The Nigerian National Petroleum Corporation Ltd (NNPC) on Wednesday sealed a deal with partners on gas aggregation to increase local production of fertilisers in the country.

The Gas Aggregation Agreement was signed in Abuja on the sideline of the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the theme “Revitalising the Industry: Future Fuels and Energy Transition.” Read more here.

NNPC Harps On Full Deregulation Of Downstream Sector To Boost Domestic Refining

The Nigerian National Petroleum Company (NNPC) Ltd. on Wednesday said full deregulation of the downstream sector would boost the country’s domestic refining capacity.

Group Executive Director, Refining, NNPC, Mustapha Yakubu said this during a panel session at the ongoing Nigeria International Energy Summit (NIES) in Abuja. Read more here.

100 Percent LPG Supply Has Impacted Price In Nigerian Market — NLNG

The Nigeria LNG Company Ltd. (NLNG) on Tuesday said the supply of 100 percent of its Liquefied Petroleum Gas production (Propane and Butane) to the Nigerian market has made a positive impact.

The NLNG said the move, which was approved by the company’s Board of Directors, had led to the reduction in the prices of LPG, also known as cooking gas, across the country. Read more here.

Energy Summit: Authority Demands Investment Towards Global Energy Mix

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called for a scale-up on sustainable investment in the fossil fuel sector, considering the role of oil and gas in the global energy mix.

Chief Executive Officer of the Authority, Farouk Ahmed made the call in Abuja on Monday at the Fifth Edition of the Nigerian International and Energy Summit (NIES 2022). Read more here.

These are the latest Oil & Gas news that made trends during the week. Visit our website https://allnews.ng for more Oil & Gas news around the world.