SNEPCo boss projects gas shortage by 2030 Executive Summary: The Managing Director of Shell Nigeria Exploration and Production Company Limited, Elohor Aiboni, has warned that Nigeria could face a gas supply shortage of three billion cubic feet per day by 2030. Despite having the largest proved gas reserves in Africa, Aiboni highlights that gas demand…
NIMASA: Ratified conventions and the much sought after SPOMO Act Between 2020 and 2023, the Nigerian Maritime Administration and Safety Agency (NIMASA) has brought the country to speed in the maritime world with ratification of 6 conventions. Under the Dr Bashir Yusuf Jamoh OFR, led Management NIMASA in the last three years have doubled Nigeria’s…
Queues resurface in Lagos as marketers envisage pump price increase Long queues of vehicles has resurfaced in Lagos as some filling stations shut down operations in anticipation of increase in pump price. Some filling stations along Ikorodu Road, Maryland, Gbagada, Bariga, Ketu and Yaba witnessed long queues. Furthermore, some stations were under lock and keys…
NUPRC canvasses innovative solutions to energy transition challenges The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says the impact of energy transition has made it mandatory for oil sector operators to develop innovative measures to mitigate its effect. He spoke at the Energy Year Nigeria 2023 Book Launch and Awards Ceremony in…
Atlas Oranto Pioneers African Energy Security as Diamond Sponsor at African Energy Week (AEW) Highlights Atlas Oranto, Africa’s largest privately-held exploration and production company, has announced its sponsorship of the African Energy Week (AEW) conference. With 22 oil and gas licenses across the continent, Atlas Oranto is a key player in the African petroleum sector….
Don’t exaggerate Fuel contamination incidents Okonkwo, United Nigeria COO The recent incident where large amount of contaminated fuel was found in a Max Airline aircraft has been described as a ‘one off’ incident which should not be blown out of proportion. In an interview in Lagos recently, the Chief Operating Officer of United Nigeria…
Naira slump: Fuel price may go up, say marketers The fall of the naira against the United States dollar, coupled with the recent rise in global crude oil prices, is making Nigerians apprehensive of a possible hike in the pump price of Premium Motor Spirit, popularly called petrol. Although the Nigerian National Petroleum Company Limited…
LPG hike: Gas retailers urge FG to encourage more local production LPGAR The Liquidfied Petroleum Gas Retailers (LPGAR) has suggested to the Federal Government to establish more local LPG production plants, encourage storage and transportation of the product to avert price hike. Mr Ayobami Olarinoye, the Branch National Chairman of LPGAR, made the remarks in…
Niger owes Nigeria N4bn for power supply – NERC Niger currently owes Nigeria N4.22bn ($5.48m: $/N769.27 exchange rate) for power supply; the Nigerian Electricity Regulatory Commission’s just released first quarter report has stated. According to the report, Niger’s state power firm, Nigerien Electricity Society, was yet to remit the $5.48m invoice issued for power supply…
Over N612bn Niger Delta projects cancelled, abandoned – NDDC report An Executive Summary According to a report from the Niger Delta Development Commission (NDDC), a total of 1,587 projects valued at N612.4bn have been terminated and abandoned in the Niger Delta region. The report revealed that 1,262 projects worth N407.75bn were terminated, while 325 projects…