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…
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…