Author: Daniel Terungwa

Sahara Group Calls for Increased Refining and Storage Capacities in Africa’s Downstream Oil Industry. Wale Ajibade, Executive Director of Sahara Group, has highlighted critical obstacles impeding the advancement of Africa’s downstream oil sector during his presentation at the Africa Refiners and Distributors Association (ARDA) Week 2024 in Cape Town, South Africa. Addressing a distinguished audience…

US Holds Adequate Oil Supply Reserves to Address Any Supply Concerns Says Biden Adviser. Amos Hochstein, President Joe Biden’s energy adviser, reassured on Monday that the United States possesses an ample supply of oil in the Strategic Petroleum Reserve (SPR) to address any potential supply concerns, affirming that the administration is closely monitoring market dynamics…

OTC 2024: PETAN leads stakeholders on sustainable energy solutions for Africa’s future The Petroleum Technology Association of Nigeria (PETAN) has led delegates to the 2024 Offshore Technology Conference (OTC) in Houston, Texas, USA, to discuss sustainable energy solutions for Africa’s future. Mr. Kevin Nwanze, Executive Secretary, PETAN, disclosed this in a statement on Sunday in…

Subsidy removal, currency reforms will revive Nigeria’s economy, says Shettima. Vice President Kashim Shettima has urged Nigerians to be patient with the administration of President Bola Tinubu as he steers the ship of state through the economic turbulence and storm he met on ground on assumption of office. “Soon, Nigeria’s economy will experience significant growth…

NUPRC Accelerates Oil Asset Divestment, Set To Boost Nigeria’s Daily Production by 700,000 Barrels. Nigeria’s oil industry is on the brink of transformation as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) accelerates divestment, paving the way for multibillion-dollar deals and bolstering indigenous investment. According to sources familiar with the matter, the NUPRC is expediting the…

FG reiterates commitment to pipeline distribution of gas to investors Minister of State for Petroleum Resources (Gas) Mr Ekperikpo Ekpo said, “Licensed distributors of Compressed Natural Gas (CNG) should invest in the installation of pipelines to deliver gas directly to end users.” Ekperikpo made this statement on Wednesday in Abeokuta, Ogun State, aftermath an incident…