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Energy TransitionFinanceNewsOil & GasUpstream

OPEC urges NNPC Ltd. to supercharge oil, gas production, seize $14tr investment opportunity for global energy security

Oredola Adeola   The Organization of the Oil Exporting Countries (OPEC) has charged the Nigerian National Petroleum Company Limited (NNPC Ltd.) to do everything possible to raise Nigeria's crude oil…

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Admin
February 29, 2024
DownstreamMidstreamNewsOil & GasUpstream

NNPC Ltd not hindering IOC’s divestment, but facilitating incremental production on all assets -Kyari 

  Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC Ltd), has assured that its role in the divestment of the International Oil Companies from onshore and shallow water assets…

Admin
Admin
February 28, 2024
DownstreamEnergy TransitionFinanceNewsRenewables

Tinubu says petrol subsidy funds redirected towards securing Nigeria’s energy future

  Oredola Adeola    President Bola Tinubu  revealed that the funds previously allocated for the payment of subsidy on Premium Motor Spirit (petrol) are now being redirected towards securing Nigeria's energy…

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February 27, 2024
GasLocal ContentNewsOil & GasUpstream

OB3 pipeline project deadline shifted, as Ekpo sets March 2024 target 

  Oredola Adeola In an unexpected twist just three months after assuring a timely completion by the end of 2023,  Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas) has…

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Admin
February 27, 2024
FinanceGasImpactLocal ContentNewsOilOil & GasUpstream

NGA unveils strategic initiatives for 2024, focuses on gas industry advocacy, growth 

... introduces new membership framework, NGA student chapter   Oredola Adeola   The Nigerian Gas Association (NGA) has set ambitious goals for 2024, focusing on enhancing advocacy for the implementation…

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February 27, 2024
FinanceGreen FinanceHydrogenNewsRenewablesSolar

Oando leads Nigeria energy transition charge at NIES 2024

  Oredola Adeola   Oando PLC, Nigeria's premier energy solutions provider, has announced the plan to showcase investments in renewables and sustainable energy sources, as one of the companies leading…

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Admin
February 27, 2024
EnvironmentImpactLocal ContentMaritimeNewsSabotage

Nigeria considers review of NIMASA Act, seeks to repeal antique fisheries law imposing N500 fines on unlicensed craft owners

  Oredola Adeola The Nigerian Government is gearing up to overhaul its antiquated Fisheries Act of 1967, which currently enforces penalties as low as a fine of N500 or six…

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Admin
February 26, 2024
DistributionImpactNewsPower

EKEDC battles transformer sabotage with over 100 units stolen

  Oredola Adeola   The Eko Electricity Distribution Company (EKEDC) has revealed that over one hundred transformers have fallen victim to acts of sabotage and theft, stating that each damaged…

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Admin
February 23, 2024
DistributionGasGenerationNewsPower

Electricity subsidy extension: Consumers advocacy leaders blast Senate

... Adegbemle says "electricity is now considered a commodity, not public utility" Oredola Adeola Electricity rights advocates and energy experts have criticized the Nigerian Senate for proposing to extend electricity…

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Admin
February 22, 2024
DistributionFinanceGenerationNewsPowerTransmission

Nigerian judges embark on comprehensive power industry training

  Oredola Adeola Nigerian judges have taken a proactive step towards enhancing legal competence within the judicial system by embarking on a comprehensive training program organized by the Nigerian Electricity…

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Admin
February 21, 2024
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