Fuel Importation to End by 2024 – FG The Federal Government on Monday projected that by the first Quarter of 2024 Nigeria will put an end to the importation of petroleum products into the country. The Minister of state Petroleum Resources, Timipre Sylva said by the first quarter of 2024 the rehabilitation of the Port-Harcourt refinery would be…
Rystad Energy, Afreximbank to Drive Invest in African Energy ALJAZEERA INTERVIEW The African Energy Chamber (AEC) (EnergyChamber.org) – the voice of the African energy sector – is proud to announce that multinational energy market research firm, Rystad Energy, and leading pan-African financial services provider, the African Export-Import Bank (Afreximbank), have been confirmed as the official…
Eradicating Crude Oil Theft will be my Legacy – Buhari President Muhammadu Buhari on Thursday assured that he will eradicate crude oil theft in the country as a legacy before leaving office in May 2023. The President said this in Port Harcourt on Thursday during an operational visit to selected Operation Delta Safe formations in…
YEAC Demands Alternative Livelihoods for Artisanal Crude Oil Refiners The Youths and Environmental Advocacy Centre, YEAC-Nigeria, says the Rivers State government would need to provide an alternative source of livelihood for the youths involved in artisanal crude oil refining, to ensure a permanent solution to soot in Port Harcourt and its environs. Executive…
Development of Nigerian Content beyond the borders Nigerian Content: Sailing Beyond Borders The Nigerian Oil and Gas Industry Content Development (NOGICD) Act was enacted in 2010 to deepen indigenous capacity and promote domiciliation of skills in-country. Following the enactment of the Act, numerous opportunities have been created for Nigerians in the oil and gas space,…
African Content: A playbook for continental emancipation Africa is a continent with vast potential for economic development, but for far too long, it has been held back by a reliance on the extraction and export of raw materials without adding value locally. This has resulted in a lack of local production capacity and a failure…
Wake up Africa and Smell the Coffee By Ayo Adeniyi In the last few weeks there seems to have been a heightened focus on DR Congo and exploitation of her Colbalt, a key business resource for Telsa, IPhone, Samsung and other battery related products. I have seen a deliberate demonization of the owners of the…
Ikeja Electric Collaborates with NSCDC on Safety of Equipment for Stable Electricity Nigeria’s leading Electricity Distribution Company, Ikeja Electric Plc (IE) as part of her efforts to ensure safety of equipments for stable electricity across its network, has collaborated with the Nigeria Security and Civil Defence Corps (NSCDC). Speaking during a meeting with the Lagos…
German Companies Target Africa for Investment in Green Hydrogen, LNG Companies in Germany are planning to boost their investments in the African continent next year in the areas of green hydrogen and liquefied natural gas (LNG) a survey seen by Reuters on Tuesday has indicated. According to the survey in which members of the German-African…
Finland’s OL3 Nuclear Power Reactor Resumes Test Production Finland’s much-delayed Olkiluoto 3 (OL3) nuclear reactor resumed test production of electricity early on Wednesday after a two-month outage, operator TVO said on its web site, in line with a schedule published late on Tuesday. In a blow to Finland’s energy security this winter, the operator in…