Oil Prices Decline in Anticipation of Upcoming OPEC Meeting On Monday, the price of crude oil experienced a decline as investors awaited the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) later in the week to determine whether there would be an agreement to limit supplies into the following year. Brent crude…
Middle East Tanker Secured from Attackers Following Swift Response by U.S. Navy, Officials Report A commercial tanker that had been held over by armed individuals in the Gulf of Aden sent a distress call, and the U.S. Navy warship reacted. According to U.S. officials on Sunday, the tanker is secure. The company operating the tanker…
UK Energy Regulator Unveils 5% Rise in Energy Price Cap UK energy regulator, Ofgem has announced a 5% increase in the energy price cap for the first quarter of 2024, from January 01 to March 31. According to a statement obtained from the Ofgem website, an average household paying by direct debit for dual fuel…
HYPREP Empowers 2,000 Ogoni Youths Through Shoreline Remediation Training The Hydrocarbon Pollution Remediation Project, HYPREP has commenced the training of over 2,000 Ogoni youths on shoreline remediation, mangrove restoration, and oil spill response, who will serve as community workers and support staff to 34 shoreline contractors handling the complex polluted sites in Ogoniland. The training…
Senegal Set to Host Fourth Edition of MSGBC Oil, Gas & Power Conference in December 2024 Expanding upon the success of its three previous editions, the upcoming fourth edition of the MSGBC Oil, Gas & Power Conference & Exhibition is scheduled to take place in Senegal on December 3-4, 2024. Organized by Energy Capital &…
House of Representatives Applauds NNPC Ltd Reforms and Profitability The House of Representatives has commended the ongoing reforms at the Nigerian National Petroleum Company (NNPC) Ltd, saying that the legislature is very pleased with the company’s growth from a loss-making company into a profit-making commercial entity. The commendation came from the Speaker of the House…
Walter Smith Refinery Prepares for Phase 2 Expansion with Support and Confidence from Lokpobiri The Chairman of Waltersmith Group, Abdulrazaq Isa, said that they are working round the clock to ensure that Phase Two of its refinery project, which will immediately take its capacity from 5,000 barrels of crude oil a day (bpd) to 10,000bpd,…
Navy Transfers Confiscated Marijuana Bags to NDLEA in Badagry On Friday, the Forward Operating Base (FOB) of the Nigerian Navy in Badagry, Lagos State, turned over nine and a half sacks of confiscated cannabis sativa, valued at N15.2 million, to the National Drugs Law Enforcement Agency (NDLEA) in Badagry. Lieutenant Empire Okorie, serving as the…
IPPG and OPTS Collaborate with NASS to Tackle Nigeria’s Oil Production Challenges The Independent Petroleum Producers Group (IPPG) and Oil Producers Trade Section (OPTS) are actively collaborating with the National Assembly (NASS) in an effort to stabilize the nation’s oil production. This engagement reflects a concerted initiative to address challenges and enhance the overall performance…
Energy Institute Advocate for Sustainable Initiatives Toward a Greener Future in Africa The Energy Institute’s annual Energy Sustainability Conference (ESC) held in Lagos, Nigeria, recently, centered around the theme “Driving Energy Transition in Africa: Policy Reforms, Technology, and Resilience for Delivering Energy Security.” The two-day conference was aimed at initiating important conversations and collaborations…
