NNPC Ltd Sets Sights on Reviving Brass and OK LNG Projects for National Economic Growth In a significant move aimed at harnessing Nigeria’s abundant gas resources to drive economic development, the Nigerian National Petroleum Corporation Limited (NNPC Ltd) has initiated discussions with investors to revive two long-stalled Liquefied Natural Gas (LNG) projects: Brass LNG and…
Oil Prices on Track for Second Consecutive Weekly Gain Amid U.S. Rate Cuts and Falling Stockpiles Oil prices are poised to finish the week higher despite a modest decline on Friday, following a combination of a significant U.S. interest rate cut and decreasing global crude stockpiles. Both Brent crude and U.S. West Texas Intermediate (WTI)…
TotalEnergies to Supply 1.1 Million Tons of LNG Annually to BOTAŞ for 10 Years TotalEnergies has signed a Heads of Agreement (HoA) with Turkey’s state-owned oil and gas company, BOTAŞ, to supply 1.1 million tons of Liquefied Natural Gas (LNG) annually for a decade, beginning in 2027. This long-term deal reinforces TotalEnergies’ growing presence in…
Kogi State Takes Control of Electricity Market Regulation from NERC In line with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023, the Nigerian Electricity Regulatory Commission (NERC) has formally transferred regulatory oversight of the electricity market in Kogi State to the Kogi State Electricity Regulatory Commission (KSERC). This…
NDDC Builds Multi-Purpose Emergency Shelters Ahead of Anticipated Flooding The Niger Delta Development Commission (NDDC) is constructing six multi-purpose emergency shelters across Bayelsa, Delta, and Rivers states to provide refuge for Internally Displaced Persons (IDPs) in the event of flooding in the Niger Delta. This initiative was revealed by NDDC Managing Director, Dr. Samuel Ogbuku,…
Customs, SMEDAN Collaborate to Ease Cross-Border Trade The Nigeria Customs Service (NCS) has announced a strategic partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) aimed at boosting local production and facilitating cross-border trade for small and medium-sized enterprises (SMEs). During a meeting at the NCS headquarters in Abuja, Comptroller-General of Customs,…
Oil Prices Rise on Surprise Crude Draw Amid Anticipation of Fed Rate Cut Crude oil prices edged higher today following the U.S. Energy Information Administration’s (EIA) report of an unexpected inventory draw of 1.6 million barrels for the week ending September 13. This comes after a modest inventory build of 800,000 barrels the previous week,…
NLNG Committed to Reducing Emissions, Promoting Sustainable Energy Development – DMD Osobu …Urges Government to Provide Financial Guarantees for Climate Technology Investments. Nigeria LNG Limited (NLNG) has reaffirmed its dedication to reducing emissions and fostering sustainable energy development through advanced technologies. The Deputy Managing Director of NLNG, Olakunle Osobu, emphasized this commitment while speaking at…
Framework for Utilizing Petroleum Wealth for Sustainable Development -Dr. Timothy Okon The 13th Edition of Emmanuel Egbogah Legacy lecture series was recently held at the Emerald Energy Institute auditorium, University of Port Harcourt, in Rivers State. The Emmanuel Egbogah Foundation (EFF) which was established in 2019 to honour the legacy of renowned Petroleum Engineer, Dr….
NCC, SEC, NASENI Heads, Professors to Discuss Economic Recovery at WES 2024 Preparations are underway for the annual WorldStage Economic Summit (WES) 2024, scheduled to take place on Wednesday, September 25, 2024, in Lagos. The event will feature top business and public executives, including Dr. Aminu Maida, Executive Vice Chairman/CEO of the Nigerian Communications Commission…
