Tinubu receives two Hi-Tech unmanned vessels from US for Oil Theft Minister of State for Defence, Bello Matawalle has presented two Hi-Tech unmanned water vessel to President Bola Tinubu. The two unmanned ships were donation by Swift Ship Company in United States to Nigerian government. The Director of Press and Public Relations in the Ministry…
FG says CNG Production Plant Underway The Minister of State, Petroleum Resources (Gas) Ekperikpe Ekpo has said that days of scarce and costly cooking gas were numbered as plans were afoot to establish many Compressed Natural Gas (CNG) production plants. This comes as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) through its Midstream…
2023: Energy Sector was a Challenge Since the discovery of oil six decades ago, the Petroleum Industry Act (PIA) was one of the legacies projects the Buhari administration did before leaving office in May 2003, including establishment of Nigerian National Petroleum Company Limited (NNPCL) and regulatory authorities. There was also the Host Community Trust Fund….
Insecurity: Pirates kidnap ship crew in Gulf of Guinea The crew of a tanker ship have been kidnapped off the southern coast of Cameroon in the Gulf of Guinea, security firm Dryad Global said. The Master and Chief Engineer of the ship were reportedly abducted by pirates in the region on New Year’s Day. Details…
Oil Wells: Rivers, Bayelsa to Settle Out-Of-Court Rivers State Governor, Sir Siminalayi Fubara, and the Bayelsa State counterpart, Senator Douye Diri, have agreed to work together to achieve out-of-court settlement on issues concerning property jointly owned by both states, particularly the Soku oil wells. For over two decades, Rivers and Bayelsa have been at loggerheads…
African Energy Chamber (AEC) Endorses Libya Energy & Economic Summit 2024 …The Libya Energy & Economic Summit 2024 takes place under the theme ‘A New Libya: Built on Energy’, from 13 – 14 January, 2024 at the Rixos Convention Centre in Tripoli Libya is making significant strides towards unlocking the full potential of its oil…
Nuclear Fusion: Korea’s “Artificial Sun” receives Upgrade to Resist Temperatures There has been a significant progress in nuclear fusion following an upgrade of Korea’s “Artificial Sun”. This upgrade will enable it to hold out against temperatures six times above the centre of the sun. According to NASA, the sun temperature varies from around 27 million…
High Court Awards N500m Damages against Customs for Sealing Auto Shops A Federal High Court sitting in Lagos has ordered the Nigeria Customs Service (NCS) to pay the sum of N500 million in damages to the Registered Trustees of Auto Dealers in Lagos for illegally sealing the shops of its members since 2019. Justice Abimbola…
Enhancing Expertise in GAS and CNG Nigerian Gas Association (NGA), Learning Solutions Training Event Series titled “Enhancing Expertise in Gas and CNG” is a training program is designed to provide participants with comprehensive knowledge and skills in natural gas and compressed natural gas (CNG). This program aims to empower professionals in the energy sector, engineers,…
Minister anticipates 2 million barrels per day crude oil production in 2024 The Minister of State for Petroleum Resources, Heineken Lokpobiri has said that he anticipates a crude oil production of 2 million barrels per day in 2024. According to a January 2 Arise News report, the Minister said that during the year, the country…