APPO Visits NCDMB, NOGaPs, Seeks Collaboration in Capacity Building A delegation from the African Petroleum Producers Organization (APPO) has paid a two-day study visit to the headquarters of the Nigerian Content Development and Monitoring Board (NCDMB). Part of the facilities inspected during the visit included the 17-storey Nigerian Content Tower located in Swali, Yenagoa Yenagoa…
Renewable Energy Sources Cannot meet Demand by 2050 Due to Rising Population- Sylva The Minister of State for Petroleum Resources, Chief Timipre Sylva, made it known that the discussion on divestment in Nigeria's oil and gas industry is highly crucial at this time in the petroleum industry. However, the Minister stated clearly at the Nigerian…
Apex Bank to Freeze 157 Companies’ Accounts for Fund Diversion The Central Bank of Nigeria (CBN) has sought permission from a federal high court to freeze 157 accounts of Meter Asset Providers (MAPs) for allegedly diverting funds meant for the procurement of prepaid meters. Through the suit at the Lokoja federal high court, Kogi State…
Global coal consumption surges as gas costs skyrocket as EU looking to replace Russian gas with Nigerian supplies As sanctions on Russia sustained in response to its invasion on Ukraine drives up prices of gas, coal-generated electricity surges across the globe in response to the increased demand for power supply. A record 10,244 terawatt-hours of…
NEITI vows to recover IOCs $6.4bn debt with anti-corruption agencies – Analysts foresee further woes for FG’s oil revenues The Nigerian Extractive Industries Transparency has warned that it will initiate the implementation of its agreements with anti-corruption agencies in the country on the condition that the Independent Oil Companies with outstanding taxes, royalties and levies…
Companies need to be intentional on policies that enable the woman to grow,says Alero Onosode [embedyt] https://www.youtube.com/watch?v=LM8IkKQrLOc[/embedyt]
Minister Seeks Policy Review in Favour of Women in Oil and Gas. Please watch the video below: [embedyt] https://www.youtube.com/watch?v=A4QoqLrHdVk[/embedyt]
Buhari Unveils New NNPC, Says Company to Guarantee Country’s Energy Security By Ikenna Omeje President Muhammadu Buhari has unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed. A statement by the Special Adviser to the President (Media…
Saudi Reinforces OPEC Allegiance Amid Biden’s Reconciliatory Visit After calling the Middle Eastern oil giant a “pariah state” during his presidential campaign in 2019, global oil market volatility and resulting inflation in the United States forced the hand of Joe Biden as he paid a visit to the Kingdom of Saudi Arabia recently. The Saudis however…
World Needs More Solar Panel Supply Chains to achieve Net-Zero The International Energy Agency has called on governments around the world to rapidly develop supply chains of solar panels to reduce the global reliance on Chinese manufacturers for the achievement of net-zero emissions by 2050. According to the agency in a new report, Chinese industrial…