House of Representatives Committee on Petroleum Reassures Nigerians on Fuel Queues The House of Representatives Committee on Petroleum Resources (Downstream and Midstream) has addressed the recent fuel queues across Nigeria, aiming to calm public concerns. Key Points: Fuel Availability: The Committee assures Nigerians that there is sufficient petrol in storage facilities, with over 1.5 billion…
Ethnic Youth Leaders Praise Kyari and NNPCL for Addressing Fuel Shortages The Ethnic Youth Leaders have expressed their appreciation for the efforts of Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), and Adedapo Segun, the Executive Vice President, Downstream, in tackling the recent fuel supply disruption. In a…
Dangote Refinery to Receive Licence Soon, Says NMDPRA The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the 650,000 barrels per day Dangote Petroleum Refinery is nearing completion and will soon be issued a license to operate. This news was revealed during a “Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community…
DRC Mining Week Focuses on Sustainability Win-Win for Mining Houses and Local Communities …Annual flagship event to host 8000+ mining professionals in Lubumbashi DRC Mining Week returns to Lubumbashi in the heart of the Copperbelt in June with a bold, comprehensive and dedicated programme focusing on “Prioritising sustainable mining operations and local transformation in the DRC.”…
Nigerian Regulatory Body Outlines Requirements for Potential Investors in SPDC Assets In a significant development for Nigeria’s oil and gas sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the conditions prospective investors must meet to participate in the divestment of Shell Petroleum Development Company of Nigeria Limited (SPDC) assets. During a gathering in…
Shell Nigeria Gas to build gas distribution network in Oyo State The Oyo State Government and Shell Nigeria Gas (SNG) have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in the state. SNG will build and operate the gas distribution network, which will…
Sierra Leone Blocks on Show as PDSL Joins AEW: Invest in African Energy Foday Mansaray II, Director General of the Petroleum Directorate of Sierra Leone, will speak at the 2024 edition of the African Energy Week (AEW): Invest in African Energy conference – Africa’s premier event for the energy sector – scheduled for 4–8 November in Cape…
NAEC Gears Up for 2024 International Energy Conference, Engaging Industry Leaders to Address Energy Challenges Lagos, Nigeria – The Association of Energy Correspondents of Nigeria (NAEC) is set to host its Annual International Energy Conference on October 3, 2024, in Lagos, bringing together top energy industry leaders and stakeholders to deliberate on critical energy issues…
Seplat Energy Reports 2.3 Million Hours Without Lost Time Injury in Q1 2024 Seplat Energy PLC, a prominent Nigerian independent energy firm listed on the Nigerian Exchange and the London Stock Exchange, has disclosed its unaudited results for the three months ended March 31, 2024. The company declared a dividend of US 3 Cents per…
NCDMB Receives N450m Interim Dividend from Waltersmith Modular Refinery .… Firm declares N4.5bn Dividend for 2023 The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had received an interim dividend payment of N450 million out the N1.5bn declared by the Waltersmith Refinery and Petrochemical Company Limited. This payment represents NCDMB’s 30%…
