Militias mobilised overnight in the Libyan Capital, Tripoli, as tensions rise amid the take-over of the National Oil Company (NOC) and the alleged lifting of force majeure at all oilfield and export terminals. On Sunday, the new Chairman of the…
The Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria (SCiN), Mr. Osagie Okunbor, has been named the sole recipient of the H. E. Dr Alirio Parra Lifetime Achievement Award…
New oil demand forecast sees global oil markets needing at least 2 million barrels a day by next year taking it back above the 2019 level for the first time since the COVID-19 pandemic struck in early 2020. Consequently, the…
Power plants in Germany are finding it increasingly difficult to source coal amid an energy crisis that is spiraling out of control as falling water levels on the Rhine river add to supply challenges caused by Russia’s war on Ukraine.…
The Nigerian Gas Association (NGA) on Thursday urged Federal Government parastatals to switch to gas-fired generators in line with thé policy of using gas as a transition energy amidst quest for cleaner sources. The NGA, a professional industry pressure group,…
A roadmap on Nigeria’s engagements in the energy transition programme is to be unveiled soon by the Nigeria Extractive Industries Transparency Initiative (NEITI). The Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji, announced this in Abuja at a workshop held…
The Bayelsa Government has urged Shell Petroleum Development Company of Nigeria Limited (SPDC) to contribute more to standards of living in the state by investing more in energy and infrastructure development. Mrs Abimbola Essien-Nelson, Media Relations Manager, SPDC, in a…
By Uthman Salami The Federal Government through the National Council on Privatisation (NCP) said the Board composition of both BEDC and the other four (4) DisCos was very valid, lawful and in order, noting that the process was concluded on…
The Major Oil Marketers Association of Nigeria (MOMAN) says the regulated N165 pump price for Premium Motor Spirit (PMS), also known as petrol, is no longer realistic. Mr Olumide Adeosun, Chairman, MOMAN, made this known on Wednesday during a virtual…
Global oil demand is expected to rise by 1.7 million barrels per day (bpd) this year compared to 2022, the International Energy Agency (IEA) said on Wednesday, revising down by 100,000 bpd its demand growth estimate on the back of…
