Weak U.S. and Chinese economic Data sees oil fall by 2% Oil prices fell about 2% to a one-week low on Thursday as a political standoff over the U.S. debt ceiling stoked recession jitters in the world’s biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic data weighed. This is according to…
EU Delays Key Renewable Energy Vote over Nuclear Disagreement Sweden, which holds the rotating EU presidency, has dropped a key vote on the bloc’s renewable energy targets from Wednesday’s agenda as member states continue to argue about the role of nuclear power in the clean energy targets, Bloomberg reports, quoting sources familiar with the matter….
Nigerian Gas Association inaugurates new Executive Council The Nigerian Gas Association, NGA, the apex organisation, representing the varied and numerous stakeholders in the gas sector within the Nigerian oil and gas industry, has inaugurated its Executive Council for 2022-2024. The new council members were formally inaugurated at the NGA Dinner & Awards Night on April…
Chevron’s Venezuelan Oil Export Hopes Hit Snag Chevron’s plans to increase its crude oil exports from Venezuela have hit a snag, with the sanctioned South American country unable to bear the cost of dredging a key oil export inlet. Chevron’s Venezuela hopes to ramp up crude oil exports from the sanctioned country—but in order to…
Raising Finance Amid Political and Energy Transition At the eleventh Energy and Finance Forum of the energy think-tank, Centre for Petroleum Information (CPI), speakers and participants reached a consensus that both Nigeria’s ongoing political transition and the longer-term energy transition would impact on raising finance for the energy sector. Whether the impact would be adverse…
Nigeria: Market Driving Lots of Investments in Gas Infrastructure – GM Aggreko Teryima Toryila, General Manager, Aggreko Nigeria, a global supplier of mobile and modular power, has said that market is driving lots of investments in gas infrastructure. Toryila, however, opined that the government and other stakeholders have key roles to play to close gas…
Fight against corruption at Nigerian Seaports boosted as FG approves N180m for PSTT The Federal Ministry of Transportation says N180 million has been approved for the Port Standing Task Team (PSTT) to fight corruption and prevent other maritime crimes across the nation’s seaports. The Permanent Secretary of the Ministry, Dr. Magdalene Ajani, said this at…
Africa Must lend its Voice towards a Secure and Just Energy Transition – AVEVA Select AVEVA is a Global leader in industrial software , driving industrial transformation with the aid of artificial intelligence and human insight, through its partner AVEVA Select West Africa, has stated that the voice of Africa and other developing countries must…
African countries must join forces to diversify energy mix through AfCFTA- Kyari Mr Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL), has called on African countries to take advantage of the implementation of the African Continental Free Trade Agreement (AfCFTA). Kyari said this would help to diversify their energy…
IEA Highlights the need for oil and gas industry to cut emissions from its operations A new IEA report released today examines the immediate steps the oil and gas industry needs to take to significantly reduce its emissions footprint and help move the world closer to meeting its international energy and climate goals. The new…
