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…
Oredola Adeola Sahara Group has made a case for Africa countries to champion a strong sustainability narrative such as focusing on natural gas commercialization, increased renewable energy use, investment in low-cost, low-emission clean energy solutions, protecting and rehabilitating natural…
… orders deployment of N155 billion for the purchase and sale of assorted foodstuffs Oredola Adeola President Bola Tinubu has approved economic relief measures for Nigerians, including a N10 billion allocation for bus procurement and the CNG uplift programme in the…
… percentage of completed mining deals on critical minerals rose to 40% in 2023 from 22% in 2019 … lithium, copper dominate 70% of 2023 deal volume Oredola Adeola As copper and lithium dominated over 70% of the deal…
Oredola Adeola The massive $19 billion Dangote Oil Refinery and Petrochemicals in Ibeju-Lekki experienced a fire outbreak on Wednesday, June 26, 2024. This incident comes just days after the management of the 650,000 barrels per day refinery raised alarms…
… claims as of June 2024, average sulfur content in all imported Diesel is below 50/ppm limits … says deregulation of downstream sector allows petroleum marketers to source products freely “We deferred declaration, to allow local refineries continue to…
…alleges DRC’s recent batch of diesel contains 1200/ppm Sulphur contents, exceeds 200/ppm imported by marketers … urges all downstream operators to adhere to PIA 2021, avoid monopolistic practices Oredola Adeola The Depot and Petroleum Products Marketers Association of…
“Nigeria still requires substantial investments in the oil and gas sector” – Tinubu informs GCEO of Standard Chartered Bank Oredola Adeola The Federal Government has confirmed Standard Chartered Bank’s commitment to providing $3 billion in innovative financing…
“It is significant breakthrough in combating vandalism, cable theft in Satellite Town” – Dr. Akinrolabu Oredola Adeola Magistrate Mrs. A.S. Okubule has sentenced two individuals, Raymond Anthony Okoye and Olamilekan Adeleke, for vandalizing a 2500 kVA transformer, belonging to the…
Oredola Adeola Participants at the just concluded Africa Gas Innovation Summit (AGIS) 2024 held in Abuja, have called for collaboration among government, industry, academia, entrepreneurs, and venture financial institutions to foster the innovation needed for the development of Africa’s…
