Mustafa Indimi has been appointed the new Managing Director of Oriental Energy Resources Limited, a leading indigenous oil exploration and production company in Nigeria. Mustafa takes over from Mr. Ignatius Ifelayo who served the company meritoriously for seven years. Prior…
The Nigerian Electricity Regulatory Commission (NERC) has unveiled 99 metering service providers for the Nigerian Electricity Supply Industry (NESI). The Commission explained that some of the licenses of the providers were new while it renewed some expired ones. This notice…
The Nigerian Export Promotion Council has disclosed that the N50 billion Export Expansion Facility Programme (EEFP) would increase Nigeria’s non-oil exports to West Africa, building on ECOWAS Trade Promotion Organisations (TPOs) network. This revelation was made known by the Executive…
The Federal Executive Council (FEC) has approved the construction of a $39.9 million 220km Calabar-Ikom 132 Cable Double Circuit Transmission Line. This is done primarily to boost electricity transmission in the region. This revelation was disclosed by the Minister of Power, Mr…
A resurgence in global gas demand to 2024 following a record fall last year is poised to knock the world off track for a climate goal of achieving net zero emissions by 2050. The International Energy Agency (IEA) said on…
Vetiva Capital has found flaws in the Department of Petroleum Resources’ forecast that Premium Motor Spirit prices will rise to N1, 000 once the subsidy is abolished. DPR Director Sariki Auwalu,, stated at an event on the ‘Future of the…
Uthman Salami The Department of Petroleum Resource (DPR) has denied saying that pump price of Petrol would rise to N1,000 a litre if subsidy is removed. The spokesman of the Agency, Paul Osu, denied an online publication which made that…
The Minister of Power, Saleh Mamman, has revealed that the Federal Government remained committed to developing and improving the power sector in the country. Mamman disclosed this to journalists in Jalingo during the Eld-el-Kabir celebration. The minister emphasised that those…
OPEC and its allies have set aside their differences for now, with their deal to hike crude production, but the coalition’s internal battles for market share are just getting started. After two and a half weeks of wrangling, the OPEC+…
Confirmed as a speaker at Africa’s premier energy event, Scott Taylor is expected to drive a discussion on U.S.-Africa cooperation, engagement and partnerships. American politician Scott Taylor has confirmed his attendance and participation at the upcoming African Energy Week (AEW)…
