NESI and the 2023 Electricity Act The Electricity Act, 2023, (“the Act”) was signed into law by His Excellency, President Bola Ahmed Tinubu, GCFR, on 6 June 2023. The Act was passed in light of the Federal Government’s initiatives to accelerate Nigeria’s energy transition process as well as consolidate the regulation of the Nigerian Electricity…
Niger Delta Ex-Agitators to Petition ICJ Over Crude Oil Sales Ex-agitators in the Niger Delta have vowed to petition the International Court of Justice, should President Bola Ahmed Tinubu failed to probe the three-year upfront crude oil sale, allegedly carried out by the Buhari-led administration, with proceeds carted away before handover. The National Secretary, First…
Nigeria Up Production Ahead Of OPEC+ Meeting Nigeria is ramping up its production targets ahead of a pivotal OPEC+ meeting set to decide on matters including how much oil Africa’s biggest crude producer should aim to pump next year. Nigeria was producing 1.7 million barrels per day of crude and condensates as of Nov. 17…
Lokpobiri pledges full support for expansion plans of Waltersmith Refinery The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has pledged his full support for the expansion plans of Waltersmith Refinery. The Minister made this pledge during his official visit to the Waltersmith Refinery located in Ibigwe, Imo State. During the visit, Lokpobiri expressed…
Ivorian President, Eni CEO Celebrate Production Start-up from Baleine Field By Ikenna Omeje The President of Cote d’Ivoire Alassane Ouattara and Eni CEO Claudio Descalzi, on Thursday, met in Abidjan to celebrate production start-up from the Baleine Field. Ouattara and Descalzi also reviewed Eni’s activities in the country. Located off the eastern coast of Cote…
Yuletide: NNPC assures of Robust PMS Supply By Ikenna Omeje The Group CEO of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has assured of adequate supply of petroleum products, particularly Premium Motor Spirit (PMS), popularly known as petrol, during the yuletide. According to Kyari, the national oil firm has already made a robust…
TotalEnergies builds sanitation projects to prevent open defecation in Nigeria As part of efforts to tackle open defecation in Nigeria and infectious diseases, TotalEnergies Upstream Nigeria limited has commenced the construction of hygiene and sanitation projects in the six geo-political zones in Nigeria. The MD/CEO and country Chair of the Total Energies, Mr. Matthieu Bouyer…
NMDPRA promises technical support for CNG provision The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has expressed its commitment to providing technical support for the provision of Compressed Natural Gas (CNG) as an alternative fuel source in the country. Mr Ahmed Farouk, Chief Executive Officer of the authority, said this at the ground breaking…
NUPRC says Nigeria Will Partner with Argentina on Gas Exploration and Production NUPRC has announced a possible gas exploration and production partnership with Argentina. The announcement was made via the Commission’s official Twitter (X) handle on Wednesday, November 22. In the statement, it was said that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), will partner…
COP27 to COP28: Kney factors for Africa ahead of the 2023 United Nations Climate Change Conference For African countries in particular, COP 28 marks an important pivot point around funding, just transition and the Nairobi Declaration The Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) represents an important…
