Oredola Adeola Nigeria has been selected to host the headquarters of the newly established $5 billion African Energy Bank (AEB). This decision came after a thorough technical inspection by the African Petroleum Producers Organisation (APPO) and Afrexim Bank, who…
…cautions African countries against rushed hasty attainment of 30-year SDG 7 vision “Africa needs to extract every molecule of oil, and natural gas to drive a sustainable future”- President/CEO OCEL Oredola Adeola Dr. Ainojie Alex Irune, Executive Director of Oando…
… affirms Nigeria can achieve 2mbpd without new rigs … to launch rig-sharing program to retain production rigs for up to five years Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) has declared war against the challenges affecting crude…
… says competitive fiscal regime being negotiated with Shell, Total Energies, ExxonMobil, Chevron, to unlock 700,000 bpd in short, medium term Oredola Adeola Nigeria’s daily production of 1.3 million barrels of crude oil and 8.5 bcf of natural gas,…
… supports NCDMB, NUPRC to weed out ‘Middlemen Business’ in Nigeria’s oil, gas sector Oredola Adeola The Petroleum Technology Association of Nigeria (PETAN) is collaborating with the Nigerian Content Development and Management Board (NCDMB) and the Nigerian Upstream Petroleum…
… recommend regulatory reform, fair pricing, support to ensure success of Dangote Refinery “Dangote refinery too big to fail… If it fails, Nigeria is bound to bear the consequences in long run” Professor Iledare “Corruption permeates government institutions, Dangote must…
Ibrahim Musa The Federal Government through the upstream regulator, has slashed signature bonuses to a maximum of $10 million for deepwater assets and $7 million for shallow water and onshore assets, down from around $200 million previously. The…
… faults IOCs for inflating local crude prices by $6 above market rates Oredola Adeola Dangote Oil Refinery and Petrochemicals has raised concerns about its survival, accusing the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of granting licenses…
…flared gas in 2023, reaches 148 bcm, highest level since 2019 … 9 bcm increase reverts world to levels last seen in 2019, with 6 years left to zero routine flaring deadline Oredola Adeola The World Bank has reported…
… to leverage NUPRC’s marginal field scheme Oredola Adeola The Petroleum Technology Association of Nigeria (PETAN) has proposed a Joint Venture (JV) model with the Abia State Government to own and operate 53 existing wells and 105 capped wellheads…
