Putin hosts Iraqi PM in Kremlin, hails cooperation in OPEC+ Russian President Vladimir Putin hosted Iraqi Prime Minister Mohammed Shia Al-Sudani in the Kremlin on Tuesday and praised cooperation between their countries at the OPEC+ group of top oil producers, saying it had helped to stabilise energy markets. “We coordinate work within the framework of…
Exploring Alternative Energies When the government removed subsidy from Premium Motor Spirit (PMS) also known as petrol or fuel, the country was caught unawares about the decision which took place exactly the day when President Bola Tinubu took oath of office in May 29, 2023. The intension is to liberalise and deregulate Nigeria’s petroleum downstream…
Dangote Cement Denies Running Sales Promo Management of Dangote Cement Plc has denied reports in some online platforms that it has embarked on sales promotion and has further adjusted its prices. In a response to the misleading report, the Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina described the reports as mischievous,…
Nigerian Content Key To Meeting Renewed Hope Agenda – Petroleum Minister The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has identified the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 as one of the key levers for actualizing the Renewed Hope Agenda of President Bola Tinubu’s…
FG hasn’t reintroduced fuel subsidy, NNPCL chief Kyari maintains The group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has emphatically stated that there was no more subsidy on petrol in Nigeria. He disclosed this to State House correspondents on Monday after a meeting with President Bola Tinubu at the…
NLNG advocates for urgent action to secure gains from gas Nigeria must be deliberate in its desire to take opportunities offered by the energy transition, the recognition of gas as a transition fuel and the quest for clean energy to increase its gas investment and harvest the gains from gas, the Managing Director and Chief…
Massive investment will bridge Nigeria’s 195,400MW energy deficits — Mojec boss A Summary. The Group Managing Director, Mojec International Limited, Chantelle Abdul, disclosed this at the annual strategic international conference of the Association of Energy Correspondents of Nigeria (NAEC), in Lagos. 1. Nigeria needs massive investments in the power sector to generate 200,000 megawatts of…
MOMAN Cautions over Partial Return to Subsidy Major Oil Marketers Association of Nigeria (MOMAN) has pleaded caution on the part of the federal government not to return subsidy on petroleum products. This move to partially return subsidy by the government is said to be understandable given the need to curb rising cost of Premium Motor…
Nigeria Needs $25bn Annually to Achieve 4mb/d Oil Output, 3bcf/d Domestic Gas Production – Avuru …Says Nigeria needs to reconstruct its energy transition agenda. …Prioritize energy security, and optimize the value of its oil and gas resources. Austin Avuru, Executive Chairman of AA Holdings, has stated that Nigeria will need about $25 billion of annual…
NUPRC Introduces Advanced Cargo Declaration to Tackle Oil Theft …As it plans to reactivate dormant oil wells to boost production As part of efforts to curb incessant oil theft in the country, the Nigerian Upstream Regulatory Commission (NUPRC) has introduced Advanced Cargo Declaration regime in upstream petroleum operations to arrest oil robbery and curtail export…