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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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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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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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 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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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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February 23, 2024DistributionImpactNewsPower

EKEDC battles transformer sabotage with over 100 units stolen

  Oredola Adeola   The Eko Electricity Distribution Company (EKEDC) has revealed that over one hundred transformers have fallen victim to acts of sabotage and theft, stating that each damaged unit costs approximately one million Nigerian Naira with even higher…

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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, 2024DistributionFinanceGenerationNewsPowerTransmission

Nigerian judges embark on comprehensive power industry training

  Oredola Adeola Nigerian judges have taken a proactive step towards enhancing legal competence within the judicial system by embarking on a comprehensive training program organized by the Nigerian Electricity Regulatory Commission (NERC), aimed at equipping judges and other participants…

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