NIES: AfDB Pledges to Invest in Nigeria’s $410bn Energy Transition Plan …Searches for Investors The African Development Bank has vowed to support Nigeria’s gas transition project amidst calls to defund oil and gas projects by major foreign stakeholders. AfDB’s president Akinwumi Adesina, represented by Mr. Lamin Barrow made the pledge at the 2023 Nigerian International…
NMDPRA Encourages Operators, Businesses to take Advantage of Opportunities in Gas Value Chain The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has encouraged operators and businesses to take advantage of the opportunities in the gas value chain for sustainable business growth. The authority’s chief executive, Farouk Ahmed, stated this recently in Lagos at a…
NLNG Win Awards for Local Content and Train 7 Nigeria LNG Limited (NLNG) has won the “Local Content Company of the Year 2022” award at the ongoing 2023 Nigeria International Energy Summit (NIES) in Abuja. At an award and dinner ceremony at the State House, Abuja on Monday night, NLNG also bagged the “Gas Infrastructure…
Oil Rises On China Stimulus Expectations, Weaker Dollar Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles. Brent crude futures rose 63 cents, or 0.8%, to $84.81 a barrel at 0840 GMT, while U.S. West Texas Intermediate…
PIA: Group Decries Remapping of Akwa Ibom Over 3% Host Community Fund The Ilima Obolo has kicked against alleged plots by Akwa Ibom State House of Assembly to adjust boundaries and redesign the map of the state, in order to make neighbouring Local Government Areas beneficiaries of the 3 percent host communities fund enshrined in…
NERC Launches Charter to Improve Service Delivery to Power Consumers The Nigerian Electricity Regulatory Commission, NERC, has unveiled a charter aimed at improving services in the power sector for the benefit of the power consuming public. The unveiling of the charter in collaboration with Service Compact, SERVICOM, took place in Abuja and is expected to…
IYC Slams Oil Multinationals for Alleged Neglect of Host Communities The umbrella body of Ijaw youths, the Ijaw Youths Council (IYC) Worldwide has raised the alarm over an alleged ongoing deprivation and oppression of host communities in Delta, Rivers and Bayelsa States by some International Oil Companies (IOCs). National spokesman for IYC, Comrade Ebilade Ekerefe,…
IPMAN wants CBN’s Gas Expansion Fund for Cars, Keke, Trucks IPMAN has written to the Federal Ministry of Finance to ask that the CBN release funds meant for the gas expansion programme, to power cars, kekes, and trucks belonging to Nigerians. The Association says it is ready to deploy natural gas dispensers to 30,000 filling…
Texas Senate Votes to Add More Natural Gas Capacity to Fix Grid Issues The Texas Senate voted this week to add more natural gas-fired capacity to the state grid to add more reliable power to the Electric Reliability Council of Texas (ERCOT) and make it ready to meet demand in any circumstances. Since Winter Storm…
Oil Spills: Expert Tasks Operators on Pipeline Integrity As a way of curbing incessant well blowouts and equipment failure as well as the concomitant environmental damages in the Niger Delta region, an expert has charged oil operators to lookout for the integrity of their oil and gas facilities. In the last 18 months both Aiteo…