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NGA hails Tinubu’s policy directives on natural gas, foresees economic boom 
March 19, 2024DownstreamFinanceGasNewsOil & GasUpstream

NGA hails Tinubu’s policy directives on natural gas, foresees economic boom 

  Oredola Adeola The Nigerian Gas Association (NGA) has hinted that the Federal Government’s recent publication of three vital policy directives in the Gazette, will not only draw significant investments but also improve security measures, elevate production rates, promote domestic…

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#CERAWeek2024: Kyari, NNPCL delegation hold high-profile talks with energy titans, business allies  
March 19, 2024Energy TransitionFinanceGasMidstreamNewsOil & GasPhoto NewsUpstream

#CERAWeek2024: Kyari, NNPCL delegation hold high-profile talks with energy titans, business allies  

Oredola  Adeola   At the commencement of the 2024 CERAWeek Conference in Houston, United States, Mr. Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd. and other members of the Nigerian delegation engaged in strategic…

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 Ekpo foresees reduction in prices of cooking gas, CNG with disbursement of MDGIF
March 9, 2024DownstreamFinanceGasImpactLocal ContentMidstreamNewsOil & Gas

 Ekpo foresees reduction in prices of cooking gas, CNG with disbursement of MDGIF

… seeks stakeholders’ collaboration to unlock potential of Nigeria’s gas sector   Oredola Adeola   Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), has revealed that the Midstream and Downstream Gas Infrastructure Fund (MDGIF) is more than just a…

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Misexpenditure of N1.2bn: President Tinubu suspends Salihijo, 3 other REA Directors  
March 8, 2024Energy TransitionFinanceGenerationGreen FinanceNewsPowerRenewablesSabotage

Misexpenditure of N1.2bn: President Tinubu suspends Salihijo, 3 other REA Directors  

. appoints a new interim management team, led by Aliyu    Oredola Adeola President Bola Tinubu has authorized the indefinite suspension of Ahmed Salihijo, the Managing Director/CEO, and three other key officials at the Rural Electrification Agency (REA) due to…

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“License revocation not your duty – seek advice first!”- electricity experts caution Power Minister
March 7, 2024DistributionEnergy TransitionFinanceGenerationNewsPower

“License revocation not your duty – seek advice first!”- electricity experts caution Power Minister

 Oredola Adeola    Electricity industry advisors and customer advocacy groups have reminded Chief Adebayo Adelabu, Power Minister that revoking the license of electricity distribution company (DisCo) is not within his jurisdiction. They have therefore charged the Minister to seek proper…

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NNPC Ltd recommends collaborative war room among upstream producers to tackle oil, gas sector challenges 
March 1, 2024FinanceGasNewsOil & GasOil theftSabotageSecurityUpstream

NNPC Ltd recommends collaborative war room among upstream producers to tackle oil, gas sector challenges 

  Oredola Adeola   The Nigerian National Petroleum Company Limited (NNPC Ltd) has recommended increased cooperation among independent producers to tackle security, financial, technological, and other hurdles impeding the optimal growth of divested assets in the country’s oil and gas…

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FG pays about N1trn monthly petrol subsidy, Pinnacle Oil MD reveals, challenges NNPCL to open up
March 1, 2024DownstreamFinanceOil & GasSabotage

FG pays about N1trn monthly petrol subsidy, Pinnacle Oil MD reveals, challenges NNPCL to open up

  Oredola Adeola Robert Dickerman, the Managing Director/Chief Executive Officer of Pinnacle Oil and Gas Ltd, has revealed that Nigeria is currently paying a staggering N1 trillion monthly as a subsidy on Premium Motor Spirit (petrol), which he claimed is…

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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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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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