MOSOP Advocates Oil Resumption in Ogoniland to Propel Economic Development Movement for the Survival of Ogoni People Cites Unemployment and Infrastructure Gaps as Catalysts for Decision The Movement for the Survival of Ogoni People (MOSOP) has expressed its willingness to allow the resumption of oil exploration in Ogoniland, citing extreme unemployment and a lack of…
Afreximbank Disburses $2.25 Billion to NNPC in Historic Crude Oil Prepayment Deal – Boosting Nigeria’s Economic Stability In a significant financial development, the African Export-Import Bank (Afreximbank), Africa’s leading multilateral trade finance institution, has officially disbursed an initial sum of $2.25 billion to the Nigerian National Petroleum Company Limited (NNPC). This follows NNPC’s announcement in…
Red Sea attacks: US, UK launch strikes against Houthis The United States and United Kingdom have launched strikes against Houthi targets in Yemen to disrupt and degrade the capabilities of rebels to attack shipping in the Red Sea and protect global trade. The US and UK, with support from Australia, Bahrain, Canada, and the Netherlands,…
Dangote Refinery Begins Production Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations in the early hours of Friday. This followed the delivery of six million barrels of crude supply to the refinery this week. It had earlier also received other batches. Although it was…
Innovative Carbon Financing Solution Accelerates Clean Energy Growth Across Africa In a groundbreaking move to address the pressing environmental and health challenges in Africa, RMB has forged a strategic partnership with climate technology leader KOKO, emerging as the lead mandated arranger and financier for an innovative carbon financing solution. The information was reported by Sweetcrude,…
Total Energies Visits NCDMB, Reconfirms FID for Ubeta Project in 2024, Others Underway Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed on Thursday that the company would…
TotalEnergies Increases Interests in Namibia Offshore Blocks TotalEnergies has signed an agreement to acquire from Impact Oil and Gas Namibia (Pty) Ltd (“Impact”) an additional 10.5% participating interest in block 2913B and an additional 9.39% participating interest in block 2912, both operated by TotalEnergies in Namibia. TotalEnergies’ intention is to share this additional participating interest…
Despite Houthi Attacks, Oil Tankers Brave the Red Sea: A Balancing Act of Risk and Reward The Red Sea, a vital artery for global oil transportation, has become a hotbed of tension in recent weeks. Houthi militants, aligned with Iran, have launched attacks on vessels traversing the waterway, raising concerns about disruptions to oil flows…
Bayelsa Governor Urges Reevaluation of Privatized Oil Pipeline Contracts Bayelsa State Governor, Douye Diri, has warned that private individuals and groups should not be allowed to execute oil pipeline surveillance contracts, independent of the supervision of conventional security agencies in the country Bayelsa Governor’s Concerns on Oil Pipeline Contracts: Governor Douye Diri warns against assigning…
Ekperikpe Ekpo Commends Optimera Energy for Advancing Gas Distribution Infrastructure The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, praised Optimera Energy LFZ Enterprise for its significant contribution to the development of infrastructure for distributing Natural Gas to companies within the Lagos Free Zone. Speaking at the project’s flag-off ceremony, Ekpo applauded the visionary…