The Nigerian Ministry of Petroleum Resources has urged Ministries, Departments, and Agencies (MDAs) and Nigerians in general to convert their vehicles from Premium Motor Spirit (PMS) powered engines to Compressed Natural Gas (CNG) engines to cushion the effect of fuel…
Energy Roundtable: Participants pay tributes to IESL Boss, Diran Fawibe; seek improvement in energy sector
Stakeholders in the energy sector were tasked earlier today to make enduring contributions towards Nigeria’s energy challenges. This call was made by the Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Mr Bala Wunti who was the…
Oil Marketers explain increase in fuel price; recommend strategies to reduce negative impact
The Major Oil Marketers Association of Nigeria (MOMAN) have expressed their deepest empathy to all Nigerian citizens; acknowledging the challenges faced by the Nigerian public over the increasing cost of premium motor spirit (pms). This is even as the association…
Sahara Group invests $142m in New LPG Vessels
Sahara Group, the energy conglomerate controlled by Nigerian tycoon Tope Shonubi, has recently completed a deal to acquire two liquefied petroleum gas (LPG) vessels. The two LPG carriers, valued at $71 million each, will bolster Sahara Group’s strategic investments to…
NNPC Dismisses Accusatons of Blocking Assets Divestment by IOCs, Plans Offloading Some of Its Own
The Group Chief Executive Officer (GCEO) Nigeria National Petroleum Company Limited (NNPCL) Malam Mele Kyari has dismissed some alleged accusations and impression being created across the oil and gas industry stakeholders that the NNPC is blocking the move by local…
Global Biorefinery Market Forecasted to Surpass $1.4 Trillion by 2030: Growing Focus on Climate Change Mitigation Fuels Promising Growth Prospects
The global market for Biorefinery estimated at US$647.2 Billion in the year 2022, is projected to reach a revised size of US$1.4 Trillion by 2030, growing at a CAGR of 10.6% over the analysis period 2022-2030. Industrial Biotechnology, one of the…
African Energy Chamber (AEC) to Host Local Content, Business Development Roundtable at Namibian International Energy Conference (NIEC) 2023
The African Energy Chamber will host a roundtable discussion at 12:30 on 25 April at the Namibia International Energy Conference in Windhoek centered on how Namibian businesses can seize the opportunities created by first oil and gas development Serving…
Gastech 2023 to focus on the energy industry’s transformation to meet net zero
The annual Gastech 2023 conference will take place at Singapore EXPO from the 5-8 September 2023. Gastech 2023, the 51st year of the landmark conference and exhibition, will bring together over 600+ speakers, including 300+ Energy Ministers, CEOs, policy makers,…
NIPCO embarks on business expansion to aid diversification, others
The Nigerian Independent Petroleum Company (NIPCO), says it has intensified investment in gas infrastructure to aid diversification and Nigeria’s energy transition. Mr Suresh Kumar, Managing Director, NIPCO Plc, who said this during a facility tour of the company on Sunday…
Nigeria’s FID, Ease of Doing Business Under Threat Over Senate Directive For NLNG To Pay N18.4bn – Stakeholders
Senate lacks power to Direct NLNG to pay money – Lawyers, experts set agenda for forthcoming 10th National Assembly at Platforms Africa forum Stakeholders in Africa, particularly in the Nigeria’s oil and gas sector, on Monday, raised the alarm over…
