By Akinyemi Precious According to data from the African Energy Chamber in its August 2023 State of African Energy report, Nigeria, Algeria, and Egypt are expected to dominate the African natural gas and liquefied natural gas (LNG) supply market from…
Oil prices fell more than 3 per cent in the week to August 18 on concerns about slowing economic growth in China, the world’s biggest oil importer, and expectations of further US interest rate hikes. International benchmark Brent crude traded…
…As President Tinubu pledges to partner with gas investors NIPCO PLC, an integrated Oil & Gas company has lauded the Federal Government’s efforts in deepening gas utilisation in the country in consonance with global energy transition. The renewed vigour in…
By Akinyemi Precious Statistics by the African Energy Chamber (AEC) in its Q2 State of African Energy report has revealed that Nigeria lost 165,000 barrels per day from crude oil production outages between January and May 2023. The daily loss…
The Nigeria Liquefied Natural Gas Limited (NLNG) has faulted report that its gas plant on Bonny Island has shut down operations. Describing the report as false and misleading,the company reiterated that operation at its plant on Bonny Island is still…
The Executive Secretar y of the Nigerian Content Development and Monitoring Board (NCDMB) has harped on the relevance of structured capacity building intervention to spur the development of in-country capacities and capabilities. The Executive Secretary NCDMB, Engr. Simbi Kesiye Wabote…
Optimus Bank Limited, a fully licensed national commercial bank, has officially comme nced its operations in the country. During the grand opening and formal launch of the bank in Lagos on Wednesday, the Chairman of the bank, Mr Oghogho Akpata,…
The continued shutdown of operations by Nigerian Liquefied Natural Gas Ltd is a looming danger to the country’s annual production of 22 million tonnes of gas. Last week Tuesday, NLNG spokesman, Andy Odeh, said the force majeure it declared in…
Seplat Energy has denied reports of its ownership of the capsized Majestic rig in Delta State. According to a press statement issued by Seplat, “Contrary to some media reports, the Majestic rig is owned by Depthwize Nigeria Limited and not…
Aradel Holdings Plc, Nigeria’s first integrated indigenous energy Company which was formerly known as NDEP has announced its unaudited results for the half-year (H1) period ended June 30, 2023. The company’s revenue increased by 217.6per cent to N74.5 billion (H1…
