Platform Petroleum Aims for Billion-Dollar Investment with Ambitious Expansion Plans Platform Petroleum is setting its sights on a billion-dollar investment as it unveils an ambitious strategic plan to bring three marginal fields into production by 2025. The company aims to achieve a daily output of 10,000 barrels of oil and at least 50 billion standard…
Electricity Market Panel Submits Report to NERC The initial Stakeholder Advisory Panel, iSAP, for the Nigerian Electricity Supply Industry, NESI, has wound up and submitted a report of its activities to the Nigerian Electricity Regulatory Commission, NERC. iSAP was set up in 2021 in line with the operational market rules with the responsibility to recommend to…
Customs Launches Operation Whirlwind to Combat Petrol Smuggling In a bid to staunch the flow of petroleum products across its borders, the Nigeria Customs Service has initiated a specialized tactical initiative dubbed Operation Whirlwind. Headed by the Comptroller-General, Adewale Adeniyi, this task force aims to curb the illicit trade of petrol into neighboring countries. During…
Nigeria’s Prepaid Meter Installation Reaches 44.39%: NERC Report The latest figures released by the Nigerian Electricity Regulatory Commission (NERC) reveal that Nigeria has made progress in prepaid meter installations, albeit at a modest rate. Currently, out of the 13,162,572 registered electricity customers in the country, 5,842,726 have prepaid meters installed, representing approximately 44.39% coverage. According…
Kyari Wins Champion Newspapers’ Most Outstanding Energy Icon Award …Says NNPC Ever Committed to Nigeria’s Energy Security Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has won the Champion Newspapers’ 2023 Most Outstanding Energy Icon of the Year. Kyari was conferred with the honour during the newspaper’s annual awards ceremony held at the…
Seplat Energy Earns Recognition for National Scholarship Program. Lagos, Nigeria – Seplat Energy, a leading Nigerian energy company, has been applauded by the Oil & Gas Trainers’ Association of Nigeria (OGTAN) for its exceptional National Human Capital Development (HCD) Scholarship Scheme. OGTAN Recognition: OGTAN acknowledged Seplat Energy’s dedication to building long-term human capacity through its…
Decade of Gas Boosts Knowledge Sharing with Energy Journalist Training in Lagos Recognizing Nigeria’s vast gas reserves and its potential as a key driver of energy sector growth, the Decade of Gas initiative held its inaugural training program for energy journalists in Lagos. Focus on Gas as a Transition Fuel: With a decline in global…
Nigeria Generates N16.3 Billion in Mining Royalty Revenue within One Year The Nigerian government has recorded a significant milestone in its mining sector, generating a total of N16.3 billion from mining royalty and related fees over the span of one year. This revenue was accrued through the diligent efforts of the Mining Cadastral Office (MCO),…
NGA Acknowledges Osagie Okunbor and Shell Nigeria for Pioneering Role in Nigeria’s Gas Development. The Nigerian Gas Association (NGA) has lauded Mr. Osagie Okunbor, Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair of Shell Companies in Nigeria, for his exceptional contributions to the advancement of Nigeria’s gas sector….
Chevron Nigeria Limited (CNL) Affirms Dedication to Environmental Preservation Amidst False Reports” Chevron Nigeria Limited (CNL), the operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL -NNPCL/CNL JV-, has responded to recent media reports erroneously linking CNL to environmental degradation. CNL unequivocally reaffirms its unwavering commitment to environmental stewardship…