Oil theft, Greatest Threat to Nigeria’s Economy – Speaker Abbas …says House’ll raise revenue target for MDAs in 2024 The Speaker of the House of Representatives, Abbas Tajudeen, has inaugurated a Special Ad Hoc Committee on Oil Theft to investigate the growing spate of pipeline vandalisation, illegal petroleum bunkering and theft. The Speaker noted that…
NUPRC Launches Service Charter in Collaboration with SERVICOM The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has launched its service charter in collaboration with Service Compact, SERVICOM, at the Commission’s headquarters in Jabi, Abuja.The charter outlines guidelines for operators in the upstream petroleum industry and emphasises the obligations of NUPRC as a regulator as well as…
Nigeria Records 127 Crude Oil Theft Incidents between December 2 And 8 – NNPCL Nigeria recorded 127 crude oil theft incidents between December 2 and 8. This is according to data shared in a report by the Nigerian National Petroleum Company Limited (NNPCL) via its Twitter (X) account on Tuesday, December 12. During the reported…
NCDMB Canvases Media Collaboration to Sustain Nigeria Local Content Legacies The Nigeria Content Development and Monitoring Board, NCDMB, has called on the media to continue to ensure that the Local Content achievements of the board are sustained. Esueme Dan Kikile, Manager, Corporate communication, NCDMB, made the call at the capacity building workshop organized for the…
Niger Expects Oil Exports from Benin Pipeline in January Niger expects to export its first barrels of crude oil through a new Niger-Benin pipeline in January, the country’s military leader Abdourahamane Tiani said on state television. The PetroChina (601857.SS)-backed export pipeline project was officially launched on Nov. 1, linking Niger’s Agadem oilfield to the Benin…
TotalEnergies Acquires 3 Start-Ups in the Electricity Business To contribute to the acceleration of its development in the electricity business, TotalEnergies acquires three start-ups that have benefited from its TotalEnergies On acceleration program based at STATION F in Paris. The success of the collaborations and tests carried out during their participation in the program has…
SHELL NIGERIA GAS PROFFERS SOLUTIONS TO GAS SUPPLY CHALLENGES Managing Director of Shell Nigeria Gas Limited (SNG), Mr. Ralph Gbobo, has assured manufacturers at Nigeria’s largest manufacturing equipment and raw material expo, organized by the Manufacturers Association of Nigeria in Lagos, of the company’s resolve to continue to collaborate with industry stakeholders and government to…
TCN Laments Residents Stall of Multi-Billion 21 Power Projects in Southeast The Transmission Company of Nigeria (TCN) has lamented the strangulation of 21 power projects in the Southeast since 2019, blaming it on activities of residents. Addressing reporters in Enugu, the General Manager (Transmission), Enugu Region, Engr. Emmanuel Akpa, stated that the projects, awarded since…
Oil Heads for 7th Weekly Loss Oil benchmarks were headed for a seventh straight weekly decline on worries over a global supply surplus and weak Chinese demand, although prices recovered ground on Friday after Saudi Arabia and Russia called for more OPEC+ members to join output cuts. Brent crude futures rose $1.54, or 2.1%, to…
President Tinubu Appoints NCDMB Governing Council, Appoints Ogbe as ES In conformity with Sections 71(1), 72, and 73 of the Nigerian Oil and Gas Industry Content Development Act (2010), President Bola Tinubu has approved the appointment of qualified Nigerians to serve on the Governing Council and Management team of the Nigerian Content Development and Monitoring…