Nigerian Regulatory Body Outlines Requirements for Potential Investors in SPDC Assets In a significant development for Nigeria’s oil and gas sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the conditions prospective investors must meet to participate in the divestment of Shell Petroleum Development Company of Nigeria Limited (SPDC) assets. During a gathering in…
Shell Nigeria Gas to build gas distribution network in Oyo State The Oyo State Government and Shell Nigeria Gas (SNG) have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in the state. SNG will build and operate the gas distribution network, which will…
Sierra Leone Blocks on Show as PDSL Joins AEW: Invest in African Energy Foday Mansaray II, Director General of the Petroleum Directorate of Sierra Leone, will speak at the 2024 edition of the African Energy Week (AEW): Invest in African Energy conference – Africa’s premier event for the energy sector – scheduled for 4–8 November in Cape…
NAEC Gears Up for 2024 International Energy Conference, Engaging Industry Leaders to Address Energy Challenges Lagos, Nigeria – The Association of Energy Correspondents of Nigeria (NAEC) is set to host its Annual International Energy Conference on October 3, 2024, in Lagos, bringing together top energy industry leaders and stakeholders to deliberate on critical energy issues…
Seplat Energy Reports 2.3 Million Hours Without Lost Time Injury in Q1 2024 Seplat Energy PLC, a prominent Nigerian independent energy firm listed on the Nigerian Exchange and the London Stock Exchange, has disclosed its unaudited results for the three months ended March 31, 2024. The company declared a dividend of US 3 Cents per…
NCDMB Receives N450m Interim Dividend from Waltersmith Modular Refinery .… Firm declares N4.5bn Dividend for 2023 The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had received an interim dividend payment of N450 million out the N1.5bn declared by the Waltersmith Refinery and Petrochemical Company Limited. This payment represents NCDMB’s 30%…
AI Power Surge Predicted to Drive Up U.S. Natural Gas Demand and Prices A surge in Artificial Intelligence (AI) technology development is poised to significantly boost demand for natural gas in the United States, presenting lucrative opportunities for producers and shippers in the industry. Investment bank Tudor, Pickering, Holt & Co forecasts that the rapid…
LPG Pivotal to Driving Industrialisation, Job Creation- Ekpo Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has emphasised the strategic importance of investment in the gas sector, saying it was pivotal for driving industrialization, job creation and improvement of the livelihood of the generality of Nigerians. The minister stated this at the groundbreaking…
Heirs Energies Named “Emerging Energy Company of the Year” at Inaugural Energy Times Awards Heirs Energies, Africa’s leading integrated energy company has announced that it has been awarded the “Emerging Energy Company of the Year” at the inaugural edition of the Energy Times Awards. The ceremony, held in Lagos on Friday, April 19, 2024, recognised…
Power Minister Blames Saboteurs and Cartels for Electricity Woes, Advocates State Investment and Rural Electrification Nigeria’s Power Minister, Adebayo Adelabu, has pointed the finger at saboteurs and cartels within the electricity sector for the country’s persistent power outages. Speaking at a program titled “Confronting Nigeria’s Power Challenge as the Nation Migrates to a Multi-Tier Electricity…
