India’s Clean Energy Independence by 2047 is Achievable – Berkeley Lab The world’s third largest energy consumer, India can achieve its vision of energy independence by 2047, according to a new study by the US Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab). Examining India’s three most energy intensive sectors; power, transport and industry, the…
FEC Approves N15bn for Road linking 2nd Niger Bridge, €3.7m for Power The Federal executive Council (FEC) has approved N15 billion for the construction of an access road linking the Benin-Asaba expressway to the second Niger bridge. Minister of Information and Culture, Lai Mohammed, disclosed this when he briefed State House correspondents on the outcome…
We Remain Operators of OML 18 – Eroton Boss Eroton Exploration and Production Company Limited, has insisted that it remains the operator of OML-18 in line with the provisions of the Joint Operating Agreement. It was recently reported that the non-operating joint venture partners of Oil Mining Lease 18 had appointed NNPC Eighteen Operating Limited…
Ghana Removes Fuel Subsidy The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. The removal of the subsidy is part of the country’s implemented regulatory measures to ensure stability across its downstream sector. The Chief Executive Officer of NPA, Abdul Hamid, disclosed this during a presentation at the ongoing Africa…
Nigeria records 1.3 Million bpd Crude Oil Output in February – OPEC The Organisation of Petroleum Exporting Countries (OPEC) yesterday confirmed that Nigeria produced 1.3 million barrels per day of crude oil in February, in alignment with the country’s earlier self-reported data this month. The information which was made public in its Monthly Oil Market…
US senators seek to expand sales of ethanol-gas blend with support from Big Oil Year-round sales of E15 have been long sought by the biofuel industry and corn farmers US senators on Tuesday reintroduced a bipartisan bill that would allow nationwide sales of gasoline with a higher blend of ethanol year-round, with the support of…
Chevron, Shell and Petrobras Weigh Guyana Oil Auction Bids Guyana’s coming auction of offshore oil exploration blocks has lured at least 10 companies including Chevron, Shell and Petrobras to consider the decade’s hottest oil region, people close to the matter said. The South American country is offering 14 offshore blocks, a move to speed economic…
Exxon Seeks to Unblock Stalled Sale in ‘Challenging’ Nigeria Exxon Mobil Corp (XOM.N) hopes to get Nigerian government approval to allow the stalled sale of its shallow water oil production operations in the West African country, a top Exxon executive disclosed. The largest U.S. oil company will keep its deep-water assets in Nigeria despite…
Prepare for Severe Flooding this Year — NEMA . The Director-General of National Emergency Management Agency (NEMA), Mr Mustapha Ahmed, has called on Nigerians to plan ahead as the country will be witnessing severe flooding this year as indicated by predictions from relevant agencies. He made the disclosure at a two-day Experts’ Technical Meeting on…
Oil Marketers, Tanker Drivers Resume Loading at Depots Nationwide — NMDPRA Following the successful conclusion of the nation’s Presidential national assembly elections, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has disclosed that operations in loading depots have resumed nationwide. The sector regulator said it was working with other stakeholders to mitigate the tightness…
