The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it disbursed a total of 103,037,183,922.91 billion Naira bridging claims to oil marketers between December 2021 and August 2022. The authority disclosed this at the end of its meeting with the…
The Organisation of Petroleum Exporting Countries (OPEC) says its upward adjustment of 0.1 million barrels per day (mb/d) to the overall oil production level is only intended for September 2022. OPEC made this known at its report on the 32nd…
Africa Oil Week (AOW), has confirmed that Seplat Energy Plc. would be a Gold sponsor of Africa Oil Week. The independent Nigerian energy company will be represented at AOW holding in Cape Town. Organised by Hyve Group Plc., the event…
By Philemon Adedeji As the week opened yesterday, Nigerian equities reversed the three-day winning streak as the market capitalisation closed N30 billion lower. The All Share Index (ASI) decreased by 54.42 absolute points, representing a decline of 0.11 per cent…
The Ikeja Electricity Distribution Company (IKEDC) has embarked on infrastructure upgrade starting from September 6. The exercise will affect services in some areas in Alimosho Local Government Area and would be experiencing blackouts for ten days. The company said in…
The OPEC+ meeting on Monday endorsed a decision to cut the collective oil production target by 100,000 barrels per day (bpd) for October, despite Russia reportedly resisting such a move. In another super-short meeting today, the energy ministers of the…
The Nigerian Association of Electricity Consumers (NAEC), South East Zone, has dissociated the entire zone, including the five state governments in the area, from the reported refusal of some 14 communities in Obingwa Local Government Area of Abia State to…
Morocco has stated that the Moroccan-Nigerian gas pipeline project will positively affect more than 340 million people. This came during the symposium, A New Vision to Accelerate Production and Investment in the Context of Energy Transition, in the Senegalese capital,…
Nigeria Liquefied and Natural Gas (NLNG) Limited has maintained it is committed to making Nigerians benefit maximally from all its operations by ensuring that Nigerian Content targets as set out in the Nigerian Oil and Gas Industry Content Development Act…
The Nigerian Content Development Monitoring Board, NCDMB, has engaged stakeholders in the oil and gas sector as well as relevant government agencies, to seek their cooperation on its medium term strategy towards achieving its mandate. The Board said the engagement…
