The Nigerian Content Development and Monitoring Board (NCDMB) on Monday received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being part of the return on investment (ROI) on one of the Board’s strategic investments. The cheque was…
Nigerian Government to partner PETAN for Development of Nigeria’s Oil and Gas Sector
Worried about the dwindling oil production and the need to drive investment in the nation’s oil and gas sector, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri has expressed the federal government’s readiness to collaborate with the Petroleum…
Dangote Refinery Crashes Diesel Price from N1200 to N1000 Per Litre
Dangote Petroleum Refinery, on Tuesday, announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. While rolling out the products recently, the refinery supplied at a reduced price of N1,200 per litre, representing over 30…
FG Allows Local Refineries Pay Crude Oil in Naira to Ease Pressure on Foreign Exchange
Reprieve has come the way of local refiners as the Federal Government has eventually bowed to pressure as it now complies with the demands of domestic crude oil refiners and other operators in the sector, by allowing them to pay…
Gas Supply, Purchase Agreement for Brass Methanol Project To Be Executed In May – Ekpo
The Gas Supply and Purchase Agreement (GSPA) to support the Final Investment Decision (FID) for the Brass Methanol Project is to be executed by May, 2024. Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo announced this today after…
Seplat-ExxonMobil Deal: Nigeria Lost $34 Billion in Oil Output Decline
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that Nigeria lost $34 billion in the last two and a half years due to the fall in production from the assets being divested by ExxonMobil to Seplat Energy,…
IAE 2024 Sets to Shape Africa’s Energy Future with collaborations and Investments
Invest in African Energy 2024 (IAE) is set to take place as a pivotal forum, fostering collaboration between global investors and Africa’s burgeoning energy markets. This exclusive two-day event scheduled to take place from May 14 to 15, 2024, at…
Nigeria, ILO, UNIDO and UNDP sign MoU on Just Transition Roadmap
By Dr Austine Sadiq Okoh The National Council on Climate Change (NCCC) has signed a Memorandum of Understanding (MoU) with the International Labour Organization (ILO), the United Nations Industrial Development Organization (UNIDO), and the United Nations Development Programme (UNDP)…
PETAN to Support Nigeria’s Oil and Gas Sector Growth
Emphasizes commitment to sustainable partnership with Association of Energy Correspondents of Nigeria (NAEC) The Petroleum Technology Association of Nigeria (PETAN) has promised to support the efforts of the Bola Tinubu-led administration toward increasing Nigeria’s oil and gas production for…
NERC Realigns Subsidy Regime and Service Delivery in the Nesi
The Nigerian Electricity Regulatory Commission (“NERC”) has approved revised electricity rates, stating the increase would only affect customers classified under Band A service category (about 15% of the customer population); a class which, according to the commission, through empirical service…
