India Energy Week 2023 India Energy Week is the pre-eminent platform for experts in the traditional and non-traditional energy industry from around the world and will embody India’s energy ambitions, showcasing it as a global powerhouse for energy transition and a hub that brings together the international energy industry. Taking place in February in Bengaluru,…
SAIPEC 2023 – 7TH EDITION The Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) will return to the Eko Convention Centre, Lagos, 14-16 February 2023 for its 7th edition, as the only energy, oil and gas event held in partnership with the entire Sub Saharan African petroleum industry Working directly with PETAN in strategic partnership with the Nigerian Content…
Nigeria Loses $2.5 Billion Monthly on Failure to Meet OPEC Quota The Nigeria Employers’ Consultative Association has stated that the country has been losing about $2.5bn monthly for failing to meet the 1.8m barrel per day crude oil production allocation by the Organisation of Petroleum Exporting Countries. In a statement, the Director-General of NECA, Adewale-Smatt…
Oil Theft: Imo Gov Assures of Partnership with Special Investigative Panel In his quest to fight oil theft in the state, Imo State Governor, Sen. Hope Uzodimma, has assured that he will partner with the Federal Government’s Special Investigative Panel on Oil Theft and Losses in Nigeria. The assurance of the governor was given while…
Oil Slips on Concerns Higher Interest Rates to Crimp Demand Oil edged lower on Tuesday on expectations that further interest rate hikes in the United States, the world’s biggest oil user, will slow economic growth and limit fuel demand. Brent futures for March fell 33 cents to $79.32 a barrel, a 0.4% drop, by 0719…
CNL restates commitment to Nigeria Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL is aware of a misleading media report alleging that Chevron plans to exit Nigeria. Please note that the allegation is untrue and does not represent the position of Chevron in Nigeria. CNL…
Rivers reads Riot Act to Petrol Station Outlet Owners over Price Hike As the hike of Price of Petrol Per liter bites in Rivers State, the State Commissioner of Energy and Natural Resources Engineer Uchechukwu Nwafor, has cautioned Petrol Station outlets Selling above Pump Price in Rivers State to desist from taking undue advantage of…
Spain to Approve Green Hydrogen Projects Regulation Spanish Prime Minister Pedro Sanchez said on Monday his cabinet will approve on Tuesday a new decree to regulate the first four out of 11 green hydrogen projects to be carried out in the country. In a speech in Madrid, Sanchez said his government will approve a 74…
Greenville LNG Fuels Sagamu Retail Station Greenville LNG, a pioneer Liquefied Natural Gas (LNG) production and distribution company in Nigeria, has fueled its first liquefied natural gas retail station in Sagamu, Ogun state. as fuel. Greenville currently operates a fleet of more than 500 trucks which are all 100% powered by LNG. The company’s innovative…
China Issues Second Set Of 2023 Oil Import Quotas, Up From 2022 China issued a second batch of 2023 crude oil import quotas, according to two sources with knowledge of the matter and documents reviewed by Reuters on Monday, raising the total for this year by 20% compared to the same time last year. According…