The Federal Government has said that Nigeria currently accounts for 33 per cent of the total gas reserves in Africa. Disclosed through the Nigerian Upstream Petroleum Regulatory Commission, it added that the gas reserves in Nigeria could last for about…
By Akinyemi Precious According to a report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s crude oil, blended and unblended and condensate production increased to 1.473 million barrels per day in June. Data from the upstream regulatory body shows…
Nigeria’s rising oil output could suffer disruption as a new group of Niger Delta militants calling themselves the ‘Creek Reform Warriors’ has vowed to restart attacks on important oil platforms and other infrastructure in the area. Specifically, the group vowed…
The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Olumide Adeosun, has commended the deregulation of the petroleum downstream sector and the unification of foreign exchange rates by the Federal Government. The Chief Executive Officer of Ardova…
The Chairman, Eko Electricity Distribution Company (EKEDC), Mr Oritsedere Otubu has said that embedded power project remains the best option for sustainable and reliable power in Lagos. Otubu said this at the Ground Breaking ceremony of a 30- megawatt embedded…
…Affirm Board’s mandate to support local companies The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited are collaborating to roll out tender opportunities from the gas production and processing company on the Oil and Gas E-Market…
Following a report by the Nigerian Bureau of Statistics (NBS) that over 5.96 million customers are being inaccurately charged by electricity distribution companies (DisCos) in the country, the Nigerian Electricity Regulatory Commission (NERC) has said that it is committed to protecting Nigerians from…
Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE) has emerged as the winner of the ‘Excellence in Energy Leadership Company of the Year 2023’ award at…
By Akinyemi Precious Nigeria, OPEC’s largest producer in Africa, aims to significantly increase its oil production to up to 1.7 million barrels per day (bpd) by November 2023, hoping to win a higher quota in the OPEC+ agreement. Permanent Secretary…
The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated its commitment to ensure full implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010. The Executive Secretary of the Board, Mr Simbi Wabote, said this at…
