The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest March 2024 Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries has shown. Figures released by OPEC indicated…
UTM Offshore Limited, promoter of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility, has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development.…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede has called for enhanced local capacities to grow the oil and gas industry in Nigeria. He made this call in Abuja on Wednesday, March 13, 2024…
Two engineering firms – Credco and Vergnet, a French Wind Turbine Company have proposed to build a 30 megawatts windfall and solar hybrid plant in the Lekki area of Lagos state. This is according to reports during the presentation of…
The Organisation of Petroleum Exporting Countries (OPEC) said crude oil output increased mainly in Nigeria and Libya, while production in Iran and Iraq decreased. OPEC said based on secondary data sources, total OPEC-12 crude oil production averaged 26.57 mb/d in…
The Kaduna Electric, on Thursday, published the list of customers who had been refunded after being over-billed by the DisCo as directed by the Nigerian Electricity Regulatory Commission (NERC). The full list of over 49,000 customers has been uploaded on…
The Minister of Power, Mr Adebayo Adelabu says the Federal Government is addressing power deficit by using alternative energy sources, such as windfall, solar and mini-grids. Adelabu, represented by MrAbdulrasheedLawal, Director Procurement, Ministry of Power said this in Abuja on…
The International Energy Agency (IEA) has called for methane emissions in the oil and gas sector to be reduced more quickly in order to achieve climate protection targets. The IEA in Paris said, almost 120 million tonnes of methane were…
The National Automotive Design and Development Council has announced plans to validate its National Occupational Standards for the conversion and maintenance of electric vehicles and Compressed Natural Gas vehicles. The Director-General of NADDC, Joseph Osanipin disclosed this during the validation…
For February, Nigeria’s crude oil production dropped to 1.32 million barrels per day from the 1.42-million-barrel oil daily production- a drop of 104,000 barrels per day. This is according to OPEC’s monthly oil market report (MOMR). The figure for the…
