The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Federal Government to urgently revive the country’s state-owned refineries. This follows the decision by Dangote Refinery to suspend the sale of petroleum products in naira and switch to dollar-denominated transactions. PETROAN warns against single supplier dominance PETROAN National President, Dr. Billy…
The Federal Government has reaffirmed its commitment to deploying electricity as a catalyst for economic growth rather than merely expanding power access, calling for stronger policy alignment and investment to accelerate the use of energy-efficient agricultural equipment across rural Nigeria.Speaking at the National Stakeholders’ Engagement Workshop on Productive Use of Energy (PUE) in Abuja, the…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) wants Petroleum Prospecting Licences to move fast on field development while building trust with local communities, in line with the Petroleum Industry Act The Commission’s Chief Executive Mrs. Oritsemeyiwa Eyesan, gave the charge during the formal issuance ceremony for the second batch of winners from the 2022/2023 Mini…
The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Renaissance Africa Energy Company Limited, has commenced a specialised human capital development programme aimed at equipping 300 young Nigerians with industry-relevant skills in mechanical, electrical and instrumentation engineering. The exercise which is under the NCDMB–Renaissance Oil and Gas Field Readiness Training Programme, is designed…
The Nigerian Content Development and Monitoring Board (NCDMB), Heritage Energy Operational Services (HEOS), and DBN Energies in Port Harcourt graduated 14 young engineers and geologists under the Nigerian Content Human Capital Development (NC-HCD) Training prpgramme in respect of the companies’ installation and commissioning of Ariel Gas Lift Compressor Unit. Competencies covered under the 12-month programme…
Gulf nations are scrambling for ways to bypass the Strait of Hormuz, with plans for more pipelines and a new port. Analysts say existing infrastructure has helped cushion the global oil market from even greater price spikes during the US-Iran war. Iran has reportedly put their proxies in Yemen, the Houthis, on notice to block…
Operators in the Nigerian Electricity Supply Industry have been told to avoid actions that could threaten the decentralisation of the electricity market. The Minister of Power, Chief Joseph Tegbe,Made it loud and clear at the workshop on Legal, Policy and Regulatory Harmonisation between federal and state institutions on the Decentralisation of the Nigerian Electricity Supply…
Nigeria’s economic recovery could come under renewed pressure from persistently high borrowing costs and inflation despite stronger crude oil production and ongoing economic reforms, the Organisation of the Petroleum Exporting Countries (OPEC) has warned. In its July Monthly Oil Market Report, OPEC said Nigeria’s near-term economic outlook remains positive, supported by higher oil production, improving…
The Niger Delta Power Holding Company (NDPHC) has officially commenced the restoration of the 225MW Gbarain National Integrated Power Project (NIPP) in Bayelsa State, officially handing over the power plant to the Original Equipment Manufacturer (OEM), Schneider Electric/TILT Energy, for the commencement of rehabilitation works. The Managing Director/Chief Executive Officer of NDPHC, Engr. Jennifer Adighije,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commended ExxonMobil and its partners for committing $1 billion to the on-block activities for the Usan Infill Project in OML 138. The Head, Media and Corporate Communications, Eniola Akinkuotu, who made this known, said the Commission’s Chief Executive, Mrs. Oritsemyiwa Eyesan, gave the commendation at the 25th…
