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…
SERAP Accuses NBET of Unaccounted $69 Million for Electricity Supply to Benin The Socio-Economic Rights and Accountability Project (SERAP) has issued a stern demand for accountability from the Nigerian Bulk Electricity Trading Company (NBET) over the reported $69.3 million received for electricity supply to Benin Republic. A report from the Auditor General of the Federation…
Seplat Energy Honored as Oil & Gas Company of the Year by Leadership Newspaper In a significant nod to its outstanding contributions to the Nigerian energy landscape, Seplat Energy Plc, a prominent independent energy firm with listings on the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE), has been bestowed with the prestigious…
SIFAX Group appoints new Executive Director SIFAX Group has announced the appointment of Basil Agboarumi as its new Executive Director, Corporate and Intergovernmental Affairs. Agboarumi, who until recently served as the Managing Director of Skyway Aviation Handling Company Plc (SAHCO), a subsidiary of SIFAX Group, brings a wealth of experience and expertise to his new…
Eni announces a major discovery in block CI-205, offshore Côte d’Ivoire The President of Côte d’Ivoire, Alassane Ouattara, and Eni’s CEO, Claudio Descalzi, have jointly announced a significant discovery in block CI-205, offshore Côte d’Ivoire. Named Calao, this discovery marks the second largest in the country, following Eni’s Baleine field discovery in September 2021. The…
Oil Prices Remain Nearly Flat as Market Evaluates Chinese Demand and North America Supply Increase Oil prices were little changed on Thursday as markets weighed new economic data from China against increasing supply from the Western Hemisphere. Brent crude futures settled flat at $82.96 a barrel. U.S. West Texas Intermediate crude futures ended 20 cents…
Tinubu signs Executive Orders to Offer Incentives for Oil, Gas Projects President Bola Tinubu has taken decisive steps to enhance Nigeria’s investment climate and position the country as the premier destination for oil and gas investments in Africa. According to Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, these directives stem…
