Mrs Evelyn Ngige, the Permanent Secretary, Federal Ministry of Industry, Trade and Investment, on Monday said the President Muhammadu Buhari administration was working hard to diversify the Nigerian economy from over-dependence on oil and gas. Ngige stated this during the…
The attention of Nigeria LNG Limited (NLNG) has been brought to media reports, following the issuance of a statement declaring Force Majeure on Monday 17th October 2022 that operations at its facilities have been shut down due to flood. According…
The Federal Government is planning to use Compressed Natural Gas (CNG) to reposition the transportation sector in urban cities across the country. The Minister of State for Transportation, Ademola Adegoroye, said this in a statement by the spokesman for the…
Poland is demanding expanded gas exports from Nigeria to help the country maintain energy security amid the current crisis in the European Union. Polish President Andrzej Duda made the demand on Tuesday after meeting with President Muhammadu Buhari. “The first…
Italian energy major Eni announced a major oil and gas discovery offshore Ivory Coast, in a block it operates with Petroci Holding. The potential of the discovery has been preliminarily estimated at between 1.5 and 2.0 billion barrels of oil…
…To begin disbursement of $40m Women Fund The Nigerian Content Development and Monitoring Board (NCDMB)has announced plans to set a minimum percentage of females that must be included in any human capacity development (HCD) programme or initiative that it will…
The Technical Adviser, Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Mr Justice Derefaka has stressed the need for training and retraining of oil and gas professionals in the country. Derefaka said this is the…
By Uthman Salami The energy group, Eni said during the week that it had lifted a force majeure on gas exports from Nigeria’s Okaka in Bayelsa state after repairing a vandalised pipeline. Eni declared force majeure on April 6 after…
Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday. Europe’s largest economy is heavily dependent upon Russia for energy, and nations’…
Africa Oil has disclosed receiving a dividend from Prime Oil and Gas Cooperatief UA from its 50% shareholding in Prime. Prime has distributed a $200 million dividend with a net payment to Africa Oil of $100 million related to its shareholding. Since acquiring its…
