Putin Says OPEC+ Output Cuts ‘Likely’ to Continue into 2024 Russian President Vladimir Putin told an energy conference in Moscow on Wednesday that Russia and Saudi Arabia would “most likely” extend output cuts into 2024 and warned that clashes in the Middle East could impact oil exports with higher shipping and insurance costs. “I am…
Oil Assets Divestments Will Boost Production, Employment – Wabote The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by select international oil and gas companies and concomitant acquisition by Nigerian operating companies, the Executive Secretary, Nigerian Content…
NCDMB Donates ICT Centre to Bayelsa Community School The Nigerian Content Development and Monitoring Board, NCDMB, has commissioned and handed over a newly completed Information and Communication Technology, ICT, Centre to Community Secondary School, Angalabiri, Sagbama Local Government Area of Bayelsa State. The centre, which is fully air-conditioned and with a fortified roof, reinforced metal…
Putin hosts Iraqi PM in Kremlin, hails cooperation in OPEC+ Russian President Vladimir Putin hosted Iraqi Prime Minister Mohammed Shia Al-Sudani in the Kremlin on Tuesday and praised cooperation between their countries at the OPEC+ group of top oil producers, saying it had helped to stabilise energy markets. “We coordinate work within the framework of…
Exploring Alternative Energies When the government removed subsidy from Premium Motor Spirit (PMS) also known as petrol or fuel, the country was caught unawares about the decision which took place exactly the day when President Bola Tinubu took oath of office in May 29, 2023. The intension is to liberalise and deregulate Nigeria’s petroleum downstream…
Dangote Cement Denies Running Sales Promo Management of Dangote Cement Plc has denied reports in some online platforms that it has embarked on sales promotion and has further adjusted its prices. In a response to the misleading report, the Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina described the reports as mischievous,…
Nigerian Content Key To Meeting Renewed Hope Agenda – Petroleum Minister The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has identified the effective implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010 as one of the key levers for actualizing the Renewed Hope Agenda of President Bola Tinubu’s…
FG hasn’t reintroduced fuel subsidy, NNPCL chief Kyari maintains The group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has emphatically stated that there was no more subsidy on petrol in Nigeria. He disclosed this to State House correspondents on Monday after a meeting with President Bola Tinubu at the…
NLNG advocates for urgent action to secure gains from gas Nigeria must be deliberate in its desire to take opportunities offered by the energy transition, the recognition of gas as a transition fuel and the quest for clean energy to increase its gas investment and harvest the gains from gas, the Managing Director and Chief…
Massive investment will bridge Nigeria’s 195,400MW energy deficits — Mojec boss A Summary. The Group Managing Director, Mojec International Limited, Chantelle Abdul, disclosed this at the annual strategic international conference of the Association of Energy Correspondents of Nigeria (NAEC), in Lagos. 1. Nigeria needs massive investments in the power sector to generate 200,000 megawatts of…