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…
Oil & Gas
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…
SPE Nigeria furthers the drive to boost oil, gas output to meet global energy demands
…unveils conference theme for 2025 The Society of Petroleum Engineers (SPE) Nigeria Council has reaffirmed its commitment to advancing the oil and gas sector, underscoring its crucial role in meeting the global energy needs in a safe, secure, and sustainable…
Finance, Logistics, Technology Experts Join African Energy Week 2024 as Commercial Energy Opportunities Unfold
As countries accelerate the pace of project development in Africa, the demand for legal, financial and logistics services continues to grow With Africa’s energy demand on track to grow more than three-fold by 2040, investments are being directed towards large-scale,…
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2024 as Nigeria Advances Key Gas Pipeline Infrastructure
Farouk Ahmed, CEO of the Nigerian Midstream & Downstream Petroleum Regulatory Authority, has joined AEW: Invest in African Energy 2024 to showcase Nigeria’s regulatory progress and major midstream and downstream infrastructure projects Nigeria signed an agreement this month with Equatorial…
‘SPDC’s Support Nurturing Next-Generation Energy Experts’
A leading academic has identified the targeted investments in education by the Shell Petroleum Development Company (SPDC) Joint Venture as a catalyst for addressing Nigeria’s energy challenges. Professor Anene Moneke, Director of the NNPC/SPDC/TotalEnergies/NAOC Joint Venture Centre of Excellence in…
NNPC Ltd Releases 2023 Audited Financial Statement – Announces net profit of N3.297 trillion, dividend of N2.1 trillion
The Nigerian National Petroleum Company Limited (NNPC Ltd) has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion…
Angola Oil & Gas (AOG) 2024 Ministerial Panel to Outline Strategies for Accelerating Regional Integration
As Angola strives for increased oil and gas production, opportunities for regional collaboration in exploration, refining and petroleum distribution emerge With an investment pipeline of $60 billion planned for the next five years, Angola is well on track to maintain…
NCDMB, NLNG Commission Galvanizing Plant For Train 7 Project
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Friday commissioned the 10,000 Tons per annum galvanizing plant constructed by Daewoo Engineering Nigeria Limited, one of the engineering, procurement, and construction (EPC) contractors of…
