The 14th Meeting of OPEC and non-OPEC Ministers took place via video conference, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation.…
The Nigerian National Petroleum Corporation (NNPC) and the Usmanu Danfodiyo University, Sokoto, have pledged to collaborate on the development of energy inter-conversion and storage as a catalyst for Nigeria’s economic development and transformation. Group Managing Director of the NNPC, Mallam…
Eight of the power plants on the national grid suffered gas constraints on Wednesday amid concerns by gas producers over unpaid invoices in the Nigerian electricity supply industry. A total of 1,029.80 megawatts of generation capacity was idle as of…
Oil marketers on Wednesday said the scarcity of petrol in many parts of Nigeria was not abating because of the difficulty currently faced by filling stations to restock their tanks with products. It was gathered that the recently introduced Customer…
The Major Oil Marketers Association of Nigeria (MOMAN) says the 650,000 BPD Dangote Refinery in Ibeju Lekki, Lagos will be extremely beneficial to Nigeria when it begins production. MOMAN however, advised the Federal Government against preventing marketers from importing refined…
Stakeholders in the Niger-Delta region will gather on March 10 at a one-day virtual colloquium to proffer solutions to some of the issues responsible for the delay of the passage of the Petroleum Industry Bill which is before the Senate.…
An oil and gas expert, Dr David Ige, says the absence of effective legislation is responsible for the delay in the full implementation of the Nigeria Gas Master Plan. Our Correspondent reports that Ige, the Chief Executive Officer, GasInvest Ltd.,…
The Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Dr Sanusi Barkindo has expressed that the Organisation remained upbeat as the oil market’s outlook continues to be generally positive amid headwinds of uncertainty from last year continue to abate. Barkindo,…
The Society of Petroleum Engineers (SPE) Nigeria Council has said deployment of modern technology can assist in curbing crude oil theft in the country. Mr Tunji Akinwunmi, Chairman, SPE Nigeria, made the assertion while speaking with journalists in Lagos on…
Sen. Albert Akpan, the Chairman of Senate Committee on Petroleum Resources Upstream, has said the Petroleum Industry Bill (PIB) will provide a framework for addressing infrastructure deficit in oil producing areas. Akpan said this on Wednesday when members of a…
