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Lokpobiri inaugurates NCDMB Governing Council with Ogbe as Secretary
February 29, 2024ImpactLocal ContentNews

Lokpobiri inaugurates NCDMB Governing Council with Ogbe as Secretary

  Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) Governing Council has been officially inaugurated, with Senator Heineken Lokpobiri, Minister of State, Petroleum Resources,Oil, as the Chairman and Engr. Felix Omatsola Ogbe, Executive Secretary and Secretary. The Advisors…

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Kaduna DisCo assures 24/7 uninterrupted power supply for maximum demand customers
February 29, 2024DistributionGenerationNewsPower

Kaduna DisCo assures 24/7 uninterrupted power supply for maximum demand customers

  Oredola Adeola Kaduna Electric has promised to provide uninterrupted power supply 24 hours a day, 7 days a week, to its Maximum Demand customers and other segments, dedicated to elevating their operational efficiency, drive productivity, and ultimately lower expenses…

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 NUPRC defends proposed 2024 closed bids round for oil, gas fields
February 29, 2024FinanceGasGreen FinanceNewsOil & GasUpstream

 NUPRC defends proposed 2024 closed bids round for oil, gas fields

Oredola Adeola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to conducting the 2024 closed bids through a rigorous, fair, and competitive process, emphasising that the move was sanctioned under Section 73(1) of the Petroleum Industry Act.…

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OPEC urges NNPC Ltd. to supercharge oil, gas production, seize $14tr investment opportunity for global energy security
February 29, 2024Energy TransitionFinanceNewsOil & GasUpstream

OPEC urges NNPC Ltd. to supercharge oil, gas production, seize $14tr investment opportunity for global energy security

Oredola Adeola   The Organization of the Oil Exporting Countries (OPEC) has charged the Nigerian National Petroleum Company Limited (NNPC Ltd.) to do everything possible to raise Nigeria’s crude oil and gas production by tapping into about $14trillion of investments…

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NNPC Ltd not hindering IOC’s divestment, but facilitating incremental production on all assets -Kyari 
February 28, 2024DownstreamMidstreamNewsOil & GasUpstream

NNPC Ltd not hindering IOC’s divestment, but facilitating incremental production on all assets -Kyari 

  Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC Ltd), has assured that its role in the divestment of the International Oil Companies from onshore and shallow water assets in the country is that of a facilitator, and not…

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Tinubu says petrol subsidy funds redirected towards securing Nigeria’s energy future
February 27, 2024DownstreamEnergy TransitionFinanceNewsRenewables

Tinubu says petrol subsidy funds redirected towards securing Nigeria’s energy future

  Oredola Adeola    President Bola Tinubu  revealed that the funds previously allocated for the payment of subsidy on Premium Motor Spirit (petrol) are now being redirected towards securing Nigeria’s energy future including the provision of infrastructure, and other social amenities.…

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OB3 pipeline project deadline shifted, as Ekpo sets March 2024 target 
February 27, 2024GasLocal ContentNewsOil & GasUpstream

OB3 pipeline project deadline shifted, as Ekpo sets March 2024 target 

  Oredola Adeola In an unexpected twist just three months after assuring a timely completion by the end of 2023,  Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas) has revealed a new target date of March 2024 for the…

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NGA unveils strategic initiatives for 2024, focuses on gas industry advocacy, growth 
February 27, 2024FinanceGasImpactLocal ContentNewsOilOil & GasUpstream

NGA unveils strategic initiatives for 2024, focuses on gas industry advocacy, growth 

… introduces new membership framework, NGA student chapter   Oredola Adeola   The Nigerian Gas Association (NGA) has set ambitious goals for 2024, focusing on enhancing advocacy for the implementation of the Nigeria’s Decade of Gas initiative, addressing gas industry…

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Oando leads Nigeria energy transition charge at NIES 2024
February 27, 2024FinanceGreen FinanceHydrogenNewsRenewablesSolar

Oando leads Nigeria energy transition charge at NIES 2024

  Oredola Adeola   Oando PLC, Nigeria’s premier energy solutions provider, has announced the plan to showcase investments in renewables and sustainable energy sources, as one of the companies leading the charge at the 7th Nigeria International Energy Summit (NIES),…

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Nigeria considers review of NIMASA Act, seeks to repeal antique fisheries law imposing N500 fines on unlicensed craft owners
February 26, 2024EnvironmentImpactLocal ContentMaritimeNewsSabotage

Nigeria considers review of NIMASA Act, seeks to repeal antique fisheries law imposing N500 fines on unlicensed craft owners

  Oredola Adeola The Nigerian Government is gearing up to overhaul its antiquated Fisheries Act of 1967, which currently enforces penalties as low as a fine of N500 or six months in prison for unlicensed craft owners. In an unprecedented…

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