The Vice President, Professor Yemi Osinbajo, on Tuesday, said concession plans for Ajaokuta Steel Complex and Itakpe mining company are ongoing. He said the fully-developed mines and steel sector would not only surpass other sectors of the economy in terms…
By Gloria Akudoro, Abuja In its effort to pave way for much needed investments and growth of the oil blocks, the Nigerian National Petroleum Company Limited (NNPCL) and partners has finally resolved amicably the protracted dispute on OMLs 123/124 and…
The Ibadan Electricity Distribution Company (IBEDC) says it is determined to close meter gap and end estimated billings within its franchise area. Lead Media Relations of IBEDC, Ms Busolami Tunwase made the assertions on Tuesday at a roadshow of IBEDC mobile…
Crestech Engineering Ltd has been applauded by the Nigerian Content Development and Monitoring Board (NCDMB) for its full support towards the capacity building and job creation objectives of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. Mr. Akintunde…
The Organisation of Petroleum Exporting Countries (OPEC) on Monday inaugurated its 2022 World Oil Outlook (WOO). The WOO was inaugurated at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022 in the United Arab Emirates (UAE). ADIPEC is the…
By Ibiyemi Mathew The Organization of Petroleum Exporting Countries (OPEC) has predicted that the demand for oil globally will rise for another decade. The organization which is set to review its World Oil Outlook said oil will last longer than…
By Gloria Akudoro, Abuja The Nigerian National Petroleum Company Limited (NNPCL) has signed a Memorandum of Understanding together with Akwa Ibom State Government and Solutions Hub LTD to establish a fully integrated deepwater logistics shore base in the state. The…
By Ibiyemi Mathew The Group Chief Executive Officer (GCEO) of Nigeria National Petroleum Corporation limited (NNPC), Mele Kolo Kyari is slated to speak at this year’s edition of ADIPEC. In an official announcement via the social media handle of ADIPEC,…
By Ibiyemi Mathew The International Energy Agency (IEA) has advocated for the elimination of fuel subsidies in Nigeria and other emerging economies. The IEA stated that, inefficient fossil fuel subsidies are a significant barrier to a more sustainable future in…
The Nigerian Upstream Petroleum Regulatory Commission has said Nigeria will deepen gas exploration by 20 per cent by the end of the decade. It also said the country was committed to energy transition plan with a plan to achieve net…
