Community Leaders Urge Firms to Emulate Lafarge’s Example Community leaders in Isoso, Shagamu GRA, Ogun State, have called on companies operating in the area to follow the example of Lafarge Africa Plc. in supporting host communities. The appeal came during the official handover of a new police station, donated by Lafarge Africa to enhance security…
Dangote Challenges NUPENG to Unmask $18bn Refinery Spenders Amid Union Dispute The standoff between the Dangote Petroleum Refinery and the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) escalated on Friday, with the refinery daring the union to reveal those responsible for the $18bn allegedly squandered on Nigeria’s state-owned refineries without results. In a…
US Pressures EU to End Russian Energy Imports as Condition for Tougher Sanctions The United States has warned European countries that if they want Washington to escalate sanctions against Russia, they must first halt the purchase of Russian oil and gas. Speaking on the matter, US Energy Secretary Chris Wright said Moscow’s steady flow…
S&P Global Flags $55 Brent Risk as OPEC+ Eases Cuts Brent crude could tumble to $55 per barrel by year-end if OPEC+’s decision to unwind its 2022 production cuts unleashes a wave of supply into the market, S&P Global Commodity Insights has warned. Speaking at the Asia Pacific Petroleum Conference in Singapore, Dave Ernsberger, co-president…
Goldman Sachs Sees 1.9 Million bpd Oil Surplus in 2026, Prices Could Sink to $53 New York — Global oil markets could face a glut of nearly 2 million barrels per day (bpd) by 2026, as OPEC+ unwinds its output cuts and producers across the Americas ramp up supply, Goldman Sachs has warned. In a…
FG Urges EPC Firms to Return, Says Old Barriers Now History The Federal Government has renewed its appeal to top global Engineering, Procurement, and Construction (EPC) firms to return to Nigeria’s oil and gas sector, assuring that the obstacles which once forced them out have been dismantled through far-reaching reforms and fresh incentives. This was…
Russia–China Gas Pact Reshapes Global Energy Order The recently signed Power of Siberia 2 pipeline agreement between Presidents Vladimir Putin and Xi Jinping may prove to be more than just a trade deal—it could redefine the future of the global natural gas market. For Russia, it secures a vast new outlet for its gas exports….
Dangote vs NUPENG: Union Insists on Strike Despite FG Intervention The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Sunday reaffirmed its decision to embark on strike today (Monday), despite last-minute efforts by the Federal Government to avert the action. NUPENG President, Williams Akporeha, confirmed that the Minister of Labour and Employment, Muhammad…
NCDMB Commends PE Energy’s Human Capital Development Efforts in Niger Delta The Nigerian Content Development and Monitoring Board (NCDMB) has lauded PE Energy Limited for its significant contributions to local content advancement, particularly in human capital development in the Niger Delta region. The commendation came from NCDMB’s Executive Secretary, Engr. Felix Ogbe, at the close…
Nigeria’s Energy Sustainability Hinges on Human Capital – TotalEnergies’ Bandele …Company’s graduate programme at UniPort producing skilled workforce for oil and gas sector Nigeria’s long-term energy sustainability depends not only on hydrocarbons but also on strategic investment in human capital, according to Victor Bandele, Deputy Managing Director, Deepwater Asset, TotalEnergies EP Nigeria. Bandele made this…
