Highlights the need to boost crude oil production to support new refining capacity. Aliko Dangote, Chairman of Dangote Refinery has emphasized that Africa can become self sufficient in petroleum products supply and consumption; as well as position itself as a key player…
UTM Offshore to Unveil FID for $5bn Floating LNG Project; Spotlights Local Content as a Key to Africa’s Energy Security
Mr Julius Rone, the Group Managing Director/CEO of UTM Offshore Limited, has declared that before the end of 2024, an announcement on the Final Investment Decision (FID) on the $5billion Floating LNG Project will be made. Mr Rone, widely known…
Increase NNPCL Stake in Dangote Refinery to 45%, Adopt NLNG Model: Pengassan Advises Whilst Charting Path To Nigeria’s Energy Future
Rising from the 3rd edition of the recently held PENGASSAN Energy and Labour Summit (PEALS 2024), senior staff in the Nigerian petroleum and natural gas sector have strongly advocated for an increased focus on energy security whilst x-raying the industry’s…
Local Communities Demand Environmental Accountability Ahead of COP29 in Nigeria’s Niger Delta
In a significant move towards environmental justice, local communities in Nigeria’s Niger Delta convened a dialogue in Bayelsa State on September 17, 2024, organized by Connected Advocacy. The meeting aimed to address the pressing issues of environmental degradation caused by…
NNPC Ltd/TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off
The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an…
“We Are Not A Sole Offtaker. Major Marketers are Free to Buy From Dangote Refinery”, Says NNPC Ltd
The Nigerian National Petroleum Company Limited (NNPCL), has reaffirmed its commitment towards ensuring that the federal government maintains a deregulated market for local refineries, including the Dangote Refinery. According to the Chief Corporate Communications Officer of NNPCL, Femi Soneye, all…
IAEA Outlook for Nuclear Power Increases for Fourth Straight Year, Adding to Global Momentum for Nuclear Expansion
International Atomic Energy Agency (IAEA) has revised up its annual projections for the expansion of nuclear power for a fourth successive year. World nuclear capacity is now projected to increase by 2.5 times the current capacity by 2050, in the…
NMDPRA Confirms Headline Sponsorship of OTL Africa Downstream Energy Week 2024
Asserting its confidence in the market it is regulating, the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA has confirmed it will undertake headline sponsorship of OTL Africa Downstream Energy Week 2024. NMDPRA comprises of three defunct regulatory agencies; Petroleum…
Fuel Pump Price: FENRAD to FG, ‘You Can Do Better.’
By Comrade Nelson Nnanna Nwafor Foundation for Environmental Rights, Advocacy and Development, FENRAD, a pro-democracy and environmental rights advocacy group based in Abia State wishes to condemn in its entirety the current price regime of the petroleum industry which is…
CORAN congratulates Dangote Refinery on landmark milestone
The Crude Oil Refinery-owners Association of Nigeria (CORAN) has extended its heartfelt congratulations to Mr. Aliko Dangote and his team at Dangote Refinery on the remarkable achievement of commencing the production of Premium Motor Spirit (PMS). The group said that…
