FG Committed to Sustainable Energy Future – Permanent Sec. Petroleum Ministry The Federal Government has said that it is committed to a sustainable energy future, and it is investing in renewable energy, energy efficiency, and clean technologies. The Permanent Secretary, Ministry of Petroleum Resources, Gabriel Aduda, stated this in his address at the opening ceremony…
“PIA is Not Enough” to Drive Investment, Growth in Nigerian Oil and Gas Industry – Manager Downstream Gas, Tetracore Energy The Manager, Downstream Gas & Virtual Pipeline Solution, Tetracore Energy, Emmanuel Udoh, has said that the enactment of the Petroleum Industry Act (PIA) is not enough to drive investment and growth in the Nigerian…
Nigeria Needs Energy Addition Not Transition – NJ Ayuk As the push towards energy transition intensifies, the Executive Chairman of African Energy Chamber (AEC), NJ Ayuk, has said that Nigeria does not need energy transition, but energy addition. Ayuk pointed out that with about 90 million of its population having no access to electricity, what…
PETAN, NCDMB, NNPC, Others Plan SAIPEC 2024 The 8th edition of the Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will return to the Eko Convention Centre, Lagos, in February 2024. The conference, which is the first energy, oil and gas event held in partnership with the entire Sub Saharan African petroleum industry, will…
Poor Remittance: TCN to Disconnect IBEDC from National Grid The Management of Ibadan Electricity Distribution company (IBEDC) Plc has informed its customers that the Market Operator, a unit in the Transmission Company of Nigeria (TCN), is planning to disconnect its feeders from the national grid due to poor remittances. A statement signed by the MD/CEO…
Africa Global Logistics CEO to Deliver Keynote Address on Local Content, Logistics at Invest in African Energy Paris Forum Africa Global Logistics (formerly Bolloré) CEO Eric Melet, will deliver a keynote address at the next leg of the African Energy Chamber’s (AEC) (www.EnergyChamber.org) investment roadshow, the Invest in African Energy Paris Forum – taking place…
Nigerian Oil Industry Sees 94% Decline in Foreign Capital Inflow A significant decline was recorded in foreign interests in the Nigerian oil and gas industry last year, as foreign investment inflow into the sector dipped by 93.74 per cent to $6.37 million in 2022, compared with $101.82 million recorded in 2021, according to data released…
Nigeria’s Gas Output Declines 6.72% to 149.26bscf in One Month Oil and gas companies operating in the country produced 149.263 billion standard cubic feet (SCF) of gas in February 2023, dropping by 6.72 per cent, compared with 160.013 billion SCF of gas produced in January. A breakdown of total gas output for February 2023 showed…
Buhari Flags off Ogoni Power Project, Approves Reconstruction of East-West Road President Muhammadu Buhari on Friday flagged off Ogoni power project, Centre of Excellence for environmental restoration and the Ogoni specialist hospital. The President also gave approval for the reconstruction of the Eleme axis of the East- West Road in Rivers State. Buhari who spoke…
U.S. Venture Global Signs 20-Year Deal To Supply LNG To Japan Venture Global LNG has signed a 20-year deal to sell 1 million tons per year of liquefied natural gas from its upcoming CP2 LNG export facility in Louisiana to Japanese customer JERA, the U.S. LNG exporter said on Friday. The CP2 LNG export terminal…
