The Federal Government through the Niger Delta Power Holding Company has signed a Power Purchase Agreement with utility companies to distribute a total of about 250MW across the country. A document obtained from NDPHC said the power sale transactions have…
The Nigerian National Petroleum Company Limited has said the $2.8billion Ajaokuta-Kaduna-Kano gas pipeline project being constructed by Oilserve Limited will be inaugurated next month. Executive Vice President, Upstream, NNPC Limited, Oritsemiyiwa Eyesan revealed this at the ongoing 41st Nigeria Association…
The Nigeria Extractive Industries Transparency Initiative and the Nigerian Upstream Petroleum Regulatory Commission, have clarified concerns around the 2020 marginal fields awards. Both agencies explained in separate statements that recent reports that quoted NEITI report to have insinuated that the…
The African Export-Import Bank (Afreximbank) says it is set to inaugurate the African Energy Bank in June 2024 to mitigate the crisis in the African energy sector. The bank disclosed this during a session on “Africa’s Energy Transition and Financing,”…
The Chief Executive Officer, Seplat Energy Plc, Mr Roger Brown has said Africa should reposition the energy industry for the future and become more efficient with its resources. Brown said this at the 41st Nigerian Association of Petroleum Explorationists (NAPE)…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has urged media, stakeholders and the general public to maintain uniformity in the use of its brand name and logo. A statement by its Chief Corporate Communications Officer, Olufemi Soneye said with…
Nigeria has an unpaid gas royalty of $559.8 million and an unpaid gas flare penalty of $828.8 million. This is according to the Nigerian Extractives Industries Transparency Initiative (NEITI). The Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji, said…
The Nigerian Content Development and Monitoring Board (NCDMB) and SLB, a global technology company on Tuesday in Lagos unveiled the first three products of their joint program, the NCDMB-SLB Technology Enhancement Program (N-STEP), a platform whereby students of higher institutions…
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that despite the emergence of new refineries in the Nigerian Oil and Gas sector, Nigeria still risks the continuation of the importation…
Nigeria is Africa’s top crude oil producer for October 2023. This is according to the monthly oil market report from the Organization of Petroleum Exporting Countries (OPEC) which was released today, November 13, 2023. According to the report, oil…
