At last, the price of crude oil (Brent) has hit the roof at $100 per barrel in the international market, due mainly to the ongoing Ukraine crisis. The price of oil had been predicted to rise to $100 per barrel…
By Uthman Salami The Chairman of Petroleum Technoy Association of Nigeria (PETAN), Mr. Nicolas C. Odinuwe has decribed the value chain in the oil and gas industry enough to power the transformation of the economy of the entire continue. Odinuwe…
The Board of Directors of Nigeria LNG (NLNG) Ltd. has approved the appointment of Mr Olalekan Ogunleye as Deputy Managing Director of the company. A statement signed on Wednesday by Mr Andy Odeh, General Manager, External Relations and Sustainable Development,…
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, says the Federal Government will, henceforth, sanction depot owners and oil marketers who contravene the provisions of the Weights and Measures Act 2004. This warning was issued during a meeting…
The Federal Government has declared its intention to invest and focus attention on natural gas exploitation in the country. Addressing the 6th Gas Exporting Countries Forum (GECF) Summit in Doha, Qatar, on Tuesday, President Muhammadu Buhari said enactment of Petroleum…
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote has called for the creation of an African Local Content Fund, to finance oil and gas projects across the continent. Wabote made the call on Tuesday at the…
The costs Nigeria expended on fuel subsidy increased by 890% over a five year period (2017-2021) in Nigeria as fuel prices had recorded an increase of 12.1%. The socioeconomic research firm, SBM Intelligence reported this in a report titled “Growing…
Nedogas Development Company Limited (NDCL), a joint venture company between Xenergi Limited and NCDMB Capacity Development Intervention Company, has, in collaborative partnership with the Nigerian Gas Company Limited (NGC), a subsidiary of the Nigerian National Petroleum Company (NNPC), successfully completed…
Savannah Energy has signed a new gas sales agreement in Nigeria, via its Accugas subsidiary. Picture shows; Nigerian gas infrastructure. Nigeria. Supplied by Savannah Energy Date; Unknown The company has agreed to provide up to 5 million cubic feet per…
Global energy leaders are set to discuss the way forward and strategies for management of Africa’s huge energy resources in the forthcoming Nigeria International Energy Summit (NIES 2022). The fifth edition of NIES 2022, with the theme “Revitalising the Industry:…
