MEET CONFIRMED SPEAKERS FOR OTC 2022 Nigeria’s largest association of indigenous technical oilfield service companies, providing specialised services to the upstream and downstream sectors of the Nigerian Oil and Gas Industry, PETAN, is set to lead Heads of Industry to this year’s prestigious Offshore Technology Conference (OTC). Featuring two panel sessions on the Nigerian Energy…
Global Energy Transition, An Opportunity for Nigerian Oil & Gas Industry – Wabote The ongoing disruptions in the international energy industry present a unique opportunity for the Nigerian oil and gas industry to attract investments and serve as one of the leading hubs to meet global energy needs. The Executive Secretary of the Nigeria Content…
The Board of the Nigerian National Petroleum Company Limited (NNPC) has expressed satisfaction with the progress of work done on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project and believed that the first Quarter 2023 target for delivering it will be met. A statement by the Group General Manager, Group Public Affairs Division, Garba Deen Muhammad said…
OPEC Projects World Oil Demand Growth to Increase by Around 3.7 mb/d. The Organisation of Petroleum Exporting Countries (OPEC) has projected world oil demand growth to increase by around 3.7 mb/d to average 100.5 mb/d in 2022. The Punch reports that OPEC stated this in a statement to the International Monetary and Financial Committee meeting…
NNPC, TotalEnergies Commission Four Projects in South-South The Nigerian National Petroleum Company, NNPC, Limited and TotalEnergies have commissioned and handed four projects ranging from maternal healthcare centre, to solar-powered water in four Southern states this month. The successful commissioning of the projects comes on the heels of four projects equally handed over to four South-Eastern…
PIA Steering Committee, NUPRC Unveil Six Draft Regulations for Oil Industry The Presidential Steering Committee on the Petroleum Industry Act (PIA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have unveiled six draft regulations for the Nigerian oil industry. This is eight months after President Muhammadu Buhari assented the Petroleum Industry Bill (PIB), now PIA….
US-Gulf relations hit new low as White House stops asking Saudi Arabia to pump more oil to offset Biden’s Russian energy ban – Report The White House has given up asking Saudi Arabia to pump more oil after being repeatedly rebuffed by the kingdom, The Wall Street Journal reported Tuesday, the latest sign of a…
Many European countries increased imports of Russian oil in April despite sanctions on Russia, because of its continued invasion of Ukraine. Russia in February invaded Ukraine, a war that has escalated geopolitical tensions and led to disruptions in supplies of products and services. Russia accounts for about one-third of oil supply to Europe and about…
The President of South Africa, President Cyril Ramaphosa is set to attend Mining Indaba 2022, Investing in African Mining Indaba, taking place in Cape Town from 9 – 12 May 2022. The President will deliver a Keynote Address on Tuesday, 10 May. The President’s attendance, along with Minister of Mineral Resources and Energy Gwede Mantashe,…
What does High Oil Price Mean to Nigeria? Since 2021, oil price has been increasing due to OPEC’s decision to maintain a 400,000 additional output to the market every month. Amid the price war between Russia and Saudi Arabia as well as the impact of Covid-19 pandemic in the first quarter of 2020, OPEC+, agreed…
