Kyari Advocates for Just Energy Transition for Africa at COP 28 As conversations on finding sustainable solutions for a decarbonized energy future continue to hold globally, the Group Chief Executive Officer (GCEO), NNPC Ltd., Mr. Mele Kyari has said the African Continent needs “a just, differentiated transition” to enable it to harness its resources for…
Oil Down on Persistent Uncertainty over OPEC+ Supply Cuts Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decision and uncertainty over global fuel demand growth, although the risk of supply disruptions from the Middle East conflict limited the losses. Brent crude futures were down 0.6%, or 49 cents,…
FG Names Nigeria Delegates at COP-28 The Federal Government has noted with interest the public conversation on the number of delegates from Nigeria attending the ongoing Climate Summit in Dubai, otherwise called COP-28, and the need to provide clarity in line with a standing pledge to conduct itself with transparency and accessibility regarding public information….
Diesel-Laden Tanker Goes Up in Flames in Lagos Diesel-laden tanker went up in flames in the Ojota area of Lagos State on Monday morning. The incident was confirmed by the Lagos State Traffic Management Authority (LASTMA), via X(formerly Twitter) where it stated that its personnel had been deployed to the scene. It tweeted: “There’s a…
TotalEnergies Signs Investment Agreement for 1GW Wind Power Project On the occasion of the COP28 in Dubai, in presence of the President of Kazakhstan, Patrick Pouyanné and the Minister of Energy of Kazakhstan signed the Agreement on Investment (AoI) for TotalEnergies’ Mirny project. Largest wind energy project ever initiated in Kazakhstan, Mirny will supply more…
NUPENG Rejects Imposition of Leadership Tanker drivers in the oil and gas sector, under the aegis of the Petroleum Tanker Drivers (PTD), a branch of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) have thrown their weight behind Comrade Lucky Osezua as the authentic chairman. The group accused its parent body, NUPENG, of…
Kyari, Kerry, Moynihan, Others Discuss Climate Issues at COP28 in UAE Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari joined other global personalities on Thursday, November 30, 2023, in Dubai, UAE, to brainstorm on climate issues and its rising complexities. On the sidelines of the 2023 United Nations…
NDDC Pledges Development Projects for Abia Oil Communities The Niger Delta Development Commission, NDDC, has pledged to address the challenges facing oil-producing communities in Abia State, as well as provide them with more impactful development projects. The representative of Abia State on the Board of the NDDC, Chief Eruba Dimgba, made the pledge during a…
Asia Spot LNG Prices Fall To 7-Week Low On Tepid Demand, Improved Supply Asian spot liquefied natural gas (LNG) prices fell this week to a 7-week low despite cold weather, as demand remains muted and global supply conditions ease after recent maintenance and geopolitical tensions. The average LNG price for January delivery into north-east Asia…
OPEC+ May have Played Its Final Card with Voluntary Crude Cuts The additional crude output cuts by OPEC+ should do two things, and neither of them is likely to please the group of oil exporters. Firstly, the reduction of about 2.2 million barrels per day (bpd) for early next year should put to rest the…