Buhari Sets up 14 Man Committee for Supply and Distribution of Petroleum Products President Muhammadu Buhari has constituted a 14-man Steering Committee on Petroleum Products Supply and Distribution management to find lasting solutions to disruptions in the supply and distribution of petroleum products. The Steering Committee, which will be chaired by Buhari, has the Minister…
India becomes Largest Importer of Russian Crude India has become the largest seaborne importer of Russian crude in the wake of the EU ban on seaborne oil imports and subsequent G7 price cap for exports. According to Poten & Partners, a leading ship brokerage, consulting and business intelligence firm specialised in LNG, tanker and LPG…
Middle East Energy to bring together over 170 Countries for its 48th Edition of Global Energy Transition Leading energy industry event in the MEA region, Middle East Energy, will be making its anticipated return to Dubai World Trade Centre to guide energy transition conversations across the globe. The event, which is organised by Informa Markets,…
N1.9trn Road Construction Award to NNPCL a Policy Somersault – Azubuike A stakeholder and former Chairman of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Mr. Azubuike Azubuike, has described as policy somersault, the approval of the sum of N1.9 trillion to the Nigerian National Petroleum Company Limited for road reconstruction. Azubuike,…
U.S. Oil & Gas M&A Hit 17-Year Low; Big Firms Dominate Deals – Report Energy technology firm Enverus has reported that U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, with the volume of activity hitting its lowest level since 2005 as buyers became more choosy about asset…
Deep Seaport Completion, A Result of Effective Policy Implementation – Adesugba The Nigeria Export Processing Authority (NEPZA) has stated that the completion of the Deep Seaport in a record period of four years is an indication of the Federal Government’s continued effective policy implementation. This was captured recently in a special congratulatory message by the…
Sylva Engages Investors at Invest in African Energy Timipre Sylva, the Minister of State for Petroleum Resources of Nigeria, will be attending the African Energy Chamber-organized Invest in African Energy Reception in London on January 26. The African Energy Chamber (AEC) is proud to announce that Timipre Sylva, Minister of State for Petroleum Resources of…
MOMAN Says High Logistics and Exchange Rates Lead to Persistent Scarcity of Fuel The Major Oil Marketers Association of Nigeria (MOMAN) has sympathized with customers and Nigerians over the challenges they are facing in the purchase of petrol at filling stations across the country. These long queues are caused by exceptional high demand and bottlenecks…
FG Denies Hike in Petrol Price The Federal Government has denied any increase in the price of Premium Motor Spirit popularly called petrol, despite the hike in the cost of the commodity across the country. The Minister of State for Petroleum Resources, Chief Timipre Sylva, in a statement issued by his media aide, Horatius Egua,…
Wabote Emerges Leadership Local Content Champion of the Year …NCI Fund the most performing funding scheme The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has been selected as the recipient of the Leadership Local Content Champion of the Year Award by the Board of Editors of the…