Nigerian Oil Minister Lokpobiri Joins African Energy Week (AEW) 2024 as Reforms Strengthen the O&G Market Scheduled for November 4-8, African Energy Week: Invest in African Energy offers strategic insight into Africa’s largest oil and gas markets. Nigeria’s Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri will speak at Africa’s premier event for the…
Crude Oil Theft Limiting Investments In Nigeria’s Oil & Gas Sector, Kyari Tells EFCC Chairman The Nigerian National Petroleum Company Limited has said the menace of crude oil theft in the Niger-Delta is limiting the quantum of investments inflow into the oil and gas sector. This is just as it appealed to the Economic and…
Local Content: Matrix Energy Minimizes Carbon Footprint for Sustainable Upstream Operations – Dr. Bukola Olusola During a panel session titled “African Content and Opportunities” at the Nigeria International Energy Summit (NIES), Dr. Bukola Olusola, Managing Director of Matrix Energy Exploration and Production Company Limited, emphasized the crucial role of host communities in the operations of…
All On Finalizes $3 Million Bridge Round Investment with Arnergy to Enhance Renewable Energy Access in Nigeria All On, a leading Nigerian impact investment company recently announced a strategic $3 million bridge round investment in Arnergy, a market leader in distributed renewable energy products and solutions. This infusion of capital by All On, one of…
IPPG Strongly Endorses President Tinubu’s Executive Orders Regarding the Nigerian Oil and Gas Industry The Independent Petroleum Producers Group (IPPG) wholeheartedly endorses the recent Executive Orders signed by President Bola Ahmed Tinubu GCFR, aimed at revitalizing investment in Nigeria’s oil and gas sector and positioning the nation as Africa’s premier investment destination within the energy…
Electricity Distributors Report Nigeria Government Owes N100 Billion in Electricity Bill Debt The Executive Director of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has revealed that the Nigerian government owes about N100 billion in electricity outstanding debt. Oduntan made this disclosure in an interview with Arise TV on Sunday, adding that the government needs…
Nigerian Oil Minister Heineken Lokpobiri Joins African Energy Week (AEW) 2024 as Reforms Strengthen the O&G Market Nigeria’s Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri will speak at Africa’s premier event for the oil and gas sector – the African Energy Week (AEW): Invest in African Energy conference scheduled for November 4-8 2024…
Alake Advocates Leveraging Mineral Resources as Equity to Prevent Debt Traps The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral-rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people. Speaking at a Ministerial Roundtable…
Jamoh Steps down as DG of NIMASA, hands over to Chudi Offodile The term of Bashir Jamoh as the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) formally ended on Sunday. At the handover ceremony held at NIMASA Towers in Victoria Island, the former NIMASA Director General officially passed on the responsibilities…
Oil prices steady as Middle Eastern supply concerns ease Oil prices were little changed on Monday as concern eased that fighting in the Middle East would disrupt supply and Chinese data suggested weak demand, while an increase in U.S. refining limited any selling. Brent futures for May delivery settled at $82.21 a barrel, gaining 13…
