The Federal Government has stopped the export of locally produced Liquefied Petroleum Gas, also known as cooking gas, to prioritise domestic supply. The measure, announced by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, on Tuesday, is intended to mitigate the soaring price of gas and will take effect from November 1, 2024….
As part of its efforts to accelerate the adoption of Compressed Natural Gas (CNG) as a cleaner and more affordable fuel alternative in Nigeria, NNPC Retail Limited, a subsidiary of the NNPC Ltd, has sensitized over 1,000 auto mechanics through a comprehensive awareness initiative. The exercise, which took place at the National Artisans and Technicians…
The Executive Director and Chief Financial Officer of Heirs Energies, Samuel Nwanze, has called for the adoption of innovative financing mechanisms, green bonds and blended finance to accelerate the development of solar and other renewable energy projects in Nigeria. He emphasized the role of tailored financial solutions in addressing project specific risks to attract investments….
The Nigerian Association of Petroleum Explorationists NAPE, is hosting a Workshop for Media Professionals covering energy and the oil and gas sectors of the Nigerian economy. The event, which is slated for Thursday, 17th of October, is scheduled to hold at the Eko Hotel and Suites, Victoria Island, Lagos. The President of the Association, Dr….
Nigeria’s petroleum marketers have revealed that Dangote Refinery will be meeting with them on Tuesday and Wednesday.The Spokesperson of Independent Petroleum Marketers Association of Nigeria, IPMAN, Chinedu Ukadike disclosed this in an interview with Arise TV on Sunday. According to him, the more actions were taken in terms of petrol distribution, the price of the…
Environment, Social and Governance (ESG) standards and regulatory frameworks in African countries significantly shape oil and gas investments in the continent, as they influence costs, compliance requirements, and project risk profiles. The Chief Financial Officer, Seplat Energy, Mrs. Eleanor Adaralegbe, made this known during a panel session at the Africa Oil Week (AOW) Conference &…
The Independent Petroleum Marketers Association of Nigeria has threatened to stop operations nationwide following the high cost of Premium Motor Spirit, popularly known as petrol, sold to IPMAN members by the Nigerian National Petroleum Company Limited. IPMAN revealed on Thursday that the cost of petrol from the Dangote Petroleum Refinery to NNPC was about N898/litre,…
Nigeria’s abundant gas reserves can offer immediate solutions to the nation’s energy challenges if well managed. The Managing Director of Eterna Plc, Abiola Lukman Lawal, stated this while speaking on the theme: ‘Driving energy sufficiency in the downstream sector through CNG and LPG’ at the 2024 Annual Strategic International Conference of the Association of Energy…
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has denied reports that he ordered the NNPCL to stop running its own refineries and focus on equity participation in others. He made the clarification in a press statement made available to the media. “My attention has been drawn to statements made by Engr….
The Chairman, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya, says Nigeria’s energy independence hinges on effective utilization of its abundant gas reserves. This, he said, can be achieved by implementing strategic initiatives that will propelthe country towards energy self-sufficiency. He urged the government and other critical stakeholders in the energy sector to focus…
