NUPENG Joins Forces with EFCC to Tackle Oil Bunkering The National Union of Petroleum and Natural Gas Workers (NUPENG) has forged a partnership with the Economic and Financial Crimes Commission (EFCC) to combat the widespread issue of illegal oil bunkering in Nigeria. This collaboration represents a significant milestone in addressing a major economic drain and…
40% of Power Lost to Theft says Sahara Power Chief Warns, Urges Judicial Support Sahara Power Group, a prominent electricity provider in Nigeria, has raised concerns about the rampant issue of energy theft, revealing that it loses a staggering 40% of its generated power daily due to meter bypasses and illicit connections. Managing Director of…
Aradel CEO Adegbite Falade Honored with 2023 WIEN Gender Advocate Award Aradel Holdings Plc is celebrating the esteemed recognition of its Managing Director and CEO, Adegbite Falade, who has been honored with the prestigious 2023 WIEN Gender Advocate of the Year Award. Presented by the Women in Energy Network (WIEN), the award acknowledges Falade’s steadfast…
Qatar Set to Unveil Significant Announcement in Oil and Gas Industry on Sunday Excitement mounts within the oil and gas industry as QatarEnergy, the state-owned behemoth and one of the world’s largest LNG exporters, prepares for a “highly significant announcement” scheduled for Sunday. Anticipation among industry insiders suggests a considerable impact on the sector, with…
ARDA to Seek Investments at Invest in African Energy Forum The African Refiners & Distributors Association (ARDA) is set to participate in the upcoming Invest in African Energy (IAE) forum, aiming to showcase investment opportunities within Africa’s downstream oil sector. Scheduled for May 14-15 in Paris, the event provides a vital platform for ARDA to…
Oil Prices Close Lower, Marking Weekly Decline Amid Dimming Hopes for US Rate Cut Oil prices experienced a significant decline of nearly 3% on Friday, resulting in a weekly decrease, following remarks from a U.S. central bank policymaker suggesting a delay in interest rate cuts by at least two months. Brent crude futures concluded the…
NIMASA inaugurates anti- corruption unit On Thursday, the Nigerian Maritime Administration and Safety Agency (NIMASA) launched its Anti-corruption and Transparency Unit (ACTU). The eight-member NIMASA ACTU was established during a ceremony overseen by Kabir Elelu, the Resident Anti-Corruption Commissioner of the Independent Corrupt Practices Commission (ICPC) in Lagos, held at NIMASA’s headquarters in Apapa, Lagos….
US Greenlights Expansion of E15 Gasoline Sales Across Midwest from 2025 On Thursday, the U.S. government announced its approval of a request made by Midwestern governors to expand sales of gasoline containing higher blends of ethanol in their respective states, commencing in 2025. Currently, the sale of E15 gasoline, which contains 15% ethanol, is restricted…
Africa’s National Oil Companies Convene at NIES 2024 to Advance Continent’s Energy Agenda The 7th Nigeria International Energy Summit (NIES 2024) is gearing up to host the National Oil Companies (NOCs) Forum, bringing together esteemed CEOs and key stakeholders from various African NOCs. This session, falling under the sub-theme “Sustainable Strategies for Energy Leadership: Navigating…
AECIPA to Showcase Angolan Service Industry Opportunities at Invest in African Energy (IAE) 2024 The Association of Service Providers of the Angolan Oil & Gas Industry (AECIPA) is gearing up to participate in the Invest in African Energy (IAE) 2024 forum, organized by Energy Capital & Power. AECIPA’s agenda at the event will revolve around…
