March 18, 2024DocumentaryEnergy TransitionEnvironmentGasImpactMidstreamNewsSustainability

Axxela clinches gold medal in 2024 EcoVadis sustainability rating with 97th percentile rank

Oredola Adeola   Axxela Limited, a prominent sub-Saharan African gas and power company, has secured a prestigious Gold Medal in the 2024 EcoVadis Sustainability Rating, having attained 97 percentile rank through its dedicated integration of sustainability principles.   This, according…

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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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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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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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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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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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February 22, 2024DistributionGasGenerationNewsPower

Electricity subsidy extension: Consumers advocacy leaders blast Senate

… Adegbemle says “electricity is now considered a commodity, not public utility” Oredola Adeola Electricity rights advocates and energy experts have criticized the Nigerian Senate for proposing to extend electricity subsidies in the face of national challenges, they therefore cautioned…

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February 21, 2024FinanceGasImpactOil & GasOil theftSabotageSecurityUpstream

Uncertainty, multiple taxation hinder energy security, threaten Nigeria’s prosperity- NNPC GCEO warns

Oredola Adeola Mele Kyari, Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd), has identified lack of investment in the energy sector due to uncertainty in the business environment and multiple taxation as impediments to…

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February 15, 2024ConcessionDistributionFinanceGasGenerationMultilateral FinanceNewsOil & GasPower

REVEALED: How powerful individuals misled Buhari to approve $10m risk guarantee for Calabar IPP at citizens’ detriment

Oredola Adeola Nigeria’s former President Muhammadu Buhari was misled by high-ranking individuals to approve a US$10 million partial risk guarantee (PRG) for the Nigerian Bulk Electricity Trading Plc (NBET) to sign transaction documents with Accugas, a natural gas supplier to…

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February 14, 2024FeatureGasNewsOil & GasOpinion-editorialReviewUpstream

Urgent appeal to President Tinubu, Oborevwori: Ubeji community in dire need of relief from devastating gas flaring

Oped by Jerome-Mario Utomi The harrowing reality of Ubeji Community serves as a poignant reminder of the human cost associated with industrial practices such as gas flaring. It is incumbent upon President Tinubu’s government to demonstrate unwavering resolve and genuine…

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