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By Matthew Denis The Adamawa state Government has signed a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA) to promote the development of renewable energy and improve energy access across the state. The signing ceremony which took place in Abuja on Monday, was part of the REA’s state-by-state roundtable engagement aimed at ensuring ...
The Nigerian Content Development and Monitoring Board (NCDMB) and the African Petroleum Producers’ Organisation (APPO) have recommitted their partnership towards establishing African centres of excellence in local content development. Both organisations also encouraged African petroleum producing countries to develop specialised capacities in core oil and gas services, and patronise one another in their respective areas ...
...NUEE accuse Minister, NERC of prioritising tariff hike over service delivery By Seun Ibiyemi The Nigeria Labour Congress (NLC) has strongly opposed any proposed increase in electricity tariffs by the Federal Government, warning that it will mobilise mass resistance if such a move is implemented. In addition, the NLC has threatened to take action against ...
Dangote Petroleum Refinery & Petrochemicals has revealed that it incurred a N16 billion loss to ensure that Nigerians access Premium Motor Spirit (PMS), commonly referred to as petrol, at a cheaper price. In a statement on Sunday, the refinery also announced that it would refund customers who purchase PMS at rates higher than the advertised ...
By Matthew Denis The Minister of State for Petroleum Resources in the Gas Sector, Hon. Ekperikpe Ekpo has disclosed that Africa holds the keys for the energy security, economic diversification and industrialization with over 600 trillion cubic feet of proven natural gas resources. In a keynote address delivered at the ongoing Nigeria International Energy Summit ...
Shell has reaffirmed its commitment to supporting ongoing reforms in Nigeria’s oil and gas industry, describing them as essential for repositioning the sector for growth and profitability. Speaking at a dinner on Wednesday night at the Nigeria International Energy Summit (NIES) in Abuja, Shell’s Senior Vice President for Nigeria, Marno de Jong, welcomed the regulatory ...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged oil companies operating in Nigeria to prioritise the development of their host communities. NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, made the call at the official presentation of a Policy Brief on three per cent Operating Expenses (OPEX) for Host Communities on Thursday in Abuja. The ...
The Federal Government has unveiled the National Integrated Electricity Policy (NIEP) and Integrated Resource Plan (NIRP) as part of efforts to accelerate Nigeria’s energy transition goals. The policies were developed by the Ministry of Power in collaboration with the UK Foreign, Commonwealth and Development Office (FCDO) and the UK Nigeria Infrastructure Advisory Facility (UKNIAF). Speaking ...
The Federal Government (FG) has announced plans to regularise electricity tariffs for Bands B, C, and A consumers to create a more efficient and reliable power sector. Minister of Power, Mr Adebayo Adelabu, made this known during the Public Presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan in Abuja on Thursday. ...
…Says executive Orders resulted in 4 FIDS in 1 year The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Tuesday in Abuja has called for an harmonised framework on local content on the African continent. The NCDMB ES charged oil and gas industry stakeholders in Africa to ...
By Mathew Dennis The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set ambitious targets to expand the country’s hydrocarbon reserves, aiming for 40 billion barrels of oil and 220 trillion cubic feet of gas. Speaking at the Nigeria International Energy Summit (NIES) in Abuja, NUPRC Managing Director and CEO, Engr. Gbenga Komolafe, highlighted the sector’s ...
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has reaffirmed the government’s commitment to collaborating with security agencies to ensure a safe and stable environment for oil exploration and production in Nigeria. Ekpo made this pledge on Wednesday in Abuja during the ongoing 2025 Nigeria International Energy Summit (NIES), themed “Bridging Continents: Connecting ...
The Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), Mr Haitham Al-Ghais, has called on African nations to harness their 120 billion barrels of proven oil reserves to drive economic development. Delivering a keynote address titled “Driving Cross-Continental Investments: Scaling Africa’s Energy Frontier” at NEIS 2025, Al-Ghais stressed Africa’s significance in the global ...
Heyden Petroleum, MRS and Ardova Plc retail stations will begin the sale of Premium Motor Spirit (PMS) commonly referred to as Petrol at N860 - N865 per litre today. This new price comes on the heels of the crash in the ex-depot price by Dangote Petroleum Refinery & Petrochemicals by N65 from the previous price ...
Seplat Energy Plc has bagged the Nigeria International Energy Summit (NIES) award for its completion of the Mobil Producing Nigeria Unlimited (MPNU) acquisition. Seplat Energy completed the deal on the acquisition of MPNU - renamed Seplat Energy Producing Nigeria Unlimited (SEPNU) from ExxonMobil in December 2024. The energy stakeholders applauded the Company at the ongoing ...
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025. This was disclosed by the company in a statement on Wednesday. According to the company, the price adjustment is designed to ...
The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has urged members not to shut down operations. This is following the association’s conflict with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over bridging claim issues. The National Public Relations Officer (PRO), PETROAN Dr Joseph Obele made the call after an emergency national executive ...
Shell Nigeria on Tuesday won the Best Upstream Company 2024 award at the Nigerian International Energy Summit (NIES) currently underway in Abuja. The award, received by Senior Vice President, Nigeria Marno de Jong celebrates the contributions of Shell companies in Nigeria, especially The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and ...
...Says only two trains operational despite six available ...Urges Government to prioritise security of gas assets Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, has decried losses suffered by the company to insecurity on gas assets. Speaking at the opening ceremony of the Nigeria International Energy Summit (NIES) in ...
The Nigerian Content Development and Monitoring Board (NCDMB) has commended the Shell Petroleum Development Company of Nigeria Limited (SPDC) for the in-country fabrication of two Single Point Mooring (SPM) buoys by Prime Sources Limited (PSL) an indigenous company based in Warri, Delta State. SPMs are floating facilities used for loading liquids and gas offshore and ...
The Independent Petroleum Group (IPPG) has commended the Federal Government for the successful completion of divestment deals by International Oil Companies (IOCs) in Nigeria, noting that it has significantly boosted the activities of indigenous companies, which now contribute around 50 percent of the country’s total oil production. The Chairman of IPPG, Abdulrazaq Isa, made the ...
The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has bagged the Energy Industry Leadership Award. The PETAN Chairman bagged the award before an impressive gathering of oil and gas Industry professionals at the Dinner and Awards ceremony at the ongoing Nigeria International Energy Summit (NIES) in Abuja. The distinguished NIES ...
...Says production approximately 1.8m barrels per day ...AKK pipeline will enhance gas supply to key industrial commercial hubs — Ekpo By Blessing Emmanuel and Dennis Matthew The Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Ph.D., has reaffirmed Nigeria’s commitment to unlocking Africa’s vast energy potential, attracting global investors, and driving sustainable ...
