Crude Oil Futures Prices Rallied To Highest Levels Since October In March – OPEC The Organisation of Petroleum Exporting Countries (OPEC) has said that crude oil futures prices rallied to their highest levels since October 2023 in March. OPEC attributed this positive development to “bullish market sentiment” related to oil market fundamentals, adding that…
NCDMB Parleys Chevron, Recommits to Fast-Track Approvals of Oil Industry Projects The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. The goal is to ensure speedy development of oil and gas projects and contribute to increased…
Nigeria takes Steps to Attract Investments into its Oil&Gas Sector Africa’s largest oil and gas producer, Nigeria, has taken major steps towards making itself a destination for investments in the continent’s energy sector through executive orders on industry reforms. Despite having about 37 billion barrels of proven crude oil reserves and about 209 trillion cubic…
NUPRC canvasses for Establishment of African Petroleum Regulatory Forum. To work collaboratively in shaping the regulatory landscape of Africa as well as have a unified voice for stronger and more influential representation on the global stage, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has canvassed for the establishment of African Petroleum Regulatory Forum (AFRIPERF). The…
NNPC Woos South Korean Investors for Gas Projects, Bolsters Domestic LPG Supply The Nigerian National Petroleum Company (NNPC) is making strides on two fronts – attracting foreign investment for gas projects and boosting domestic Liquefied Petroleum Gas (LPG) utilization. Here’s what’s cooking: Korean Consortium Eyes Nigerian Gas: NNPC held talks in Seoul with a South…
Tesla Charging Stations have Stopped Working in Chicago due to Frost Tesla charging stations have stopped working in Chicago, United States, due to frost. As a result, many Tesla owners have abandoned their cars at charging stations after unsuccessful attempts to get them charged. According to Mikhail Kulakov, a Sales Lead Manager at a leading…
Atiku calls for Sell of Port Harcourt Refinery Former Vice President, Atiku Abubakar, has called for the sell of the Port Harcourt Refinery. His call follows the announcement by the Nigerian National Petroleum Company (NNPC) Limited, on Monday, that it is seeking to engage an Operations & Maintenance (O&M) firm to operate and maintain the…
LCCI calls on FG to Consider Private Sector Investment in Electricity Transmission The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to consider bringing private sector investment into electricity transmission. The power generation and distribution segments were privatized in 2013, with the Federal Government solely in control of electricity transmission,…
ANOH Gas Plant reaches Mechanical Completion Seplat Energy Plc, on Wednesday, said that the ANOH gas plant installation works has reached mechanical completion. According to a statement made available to Majorwaves, Seplat said the project reached mechanical completion on December 29, 2023, in line with the revised timetable. The company noted that the milestone was…
Nigerian Professor to Release Book on World Oil Dynamics A renowned Nigerian professor of Economics, Professor Augustine Ikein, will on December 28, 2023 release a new book on world oil dynamics. The book titled “The World Oil Dynamics” was forworded by the (former) OPEC Secretary General – Dr. Rilwan Lukman. Ikein will also be officially…
