By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged oil companies operating in Nigeria to prioritise the development of their host communities. NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, made the call at the official presentation of a Policy Brief on three per cent Operating Expenses (OPEX)Continue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s rig count will hit 50 by the end of 2025. It said the country’s rig count had increased from eight in 2021 to 40 in 2025. The Chief Executive, NUPRC, Gbenga Komolafe said this on Wednesday inContinue Reading
by Emmanuella Anokam Mr Haitham Al-Ghais, Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), has tasked Africa to unlock its proven oil reserves of over 120 billion barrels. Al-Ghais stated this in a keynote address titled: “Driving Cross-Continental Investments: Scaling Africa’s Energy Frontier,” at the ongoing Nigeria International Energy SummitContinue Reading
By Kadiri Abdulrahman Nigeria’s target of 2.06million bpd crude oil production target in 2025, is achievable, the Minister of State for Petroleum, Heineken Lokpobori has said. Lokpobori said this on Thursday night in Abuja at the Nigeria Petroleum Industry Leadership Discourse, with theme: “Nigeria’s Oil Production Growth Roadmap Acceleration Imperatives’’Continue Reading
By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has banned 60,000 litres petroleum tankers from operating on Nigerian roads, effective March 1, to mitigate truck-in-transit incidents. Mr Ahmed Farouk, Authority Chief Executive, NMDPRA, announced the ban on Wednesday in Abuja, while briefing newsmen shortly after itsContinue Reading
By Olasunkanmi Onifade The Centre for Public Accountability (CPA), in collaboration with other civic groups, has called for an investigation into alleged financial misconduct within the Nigerian Content Development and Monitoring Board (NCDMB). The organisation alleges that N7.7 billion ($4.7 million) was misappropriated without the necessary approvals, in violation ofContinue Reading
By Gabriel Agbeja The Amalgamated Union of Motor Mechanics and Technicians of Nigeria (AUOMMATION) has offered free training on conversion from petrol to Compressed Natural Gas (CNG) to 100 artisans in the Federal Capital Territory (FCT). Its National President, Mr Oseni Suleiman, disclosed this in Abuja while speaking with newsmenContinue Reading
By Emmanuella Anokam The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries have reaffirmed commitments to monitor production adjustment aimed at maintaining stability in the global oil market. The OPEC made this known in the resolution of its 58th Meeting of the Joint Ministerial Monitoring Committee (JMMC) which wasContinue Reading
CNG By Thompson Yamput The Federal Government has reiterated its commitment to the gas to power initiative. The News Agency of Nigeria (NAN) reports that thr initiative, which was launched in 2021, aims to transform Nigeria into a gas-powered economy by 2030 through a series of policy reforms, infrastructure development,Continue Reading
By Emmanuella Anokam The Presidential Compressed Natural Gas Initiative (P-CNGI) says it will collaborate with a private sector partner in Ajaokuta, Kogi State, to establish a CNG Park to boost local content. Mr Michael Oluwagbemi, Programme Director, P-CNGi, made this known on Thursday at the flag off of the FiveContinue Reading
