By Emmanuella Anokam The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday that the outcome of the 2023 UN Climate Change Conference (COP28) and its agreement, reflected OPEC advocacies on pathways towards reducing carbon emission. The Secretary-General of OPEC, Haitham Al-Ghais, said this while speaking with newsmen onContinue Reading
By Emmanuella Anokam The Organisation of the Petroleum Exporting Countries (OPEC) says the oil industry will require about 14 trillion dollars investment from now to 2045, to meet global demand. The Secretary-General of OPEC, Haitham Al-Ghais, made this known while fielding questions from newsmen on Thursday on the sidelines ofContinue Reading
By Emmanuella Anokam Some gas stakeholders have advocated adoption of technologies and access to finance, to spur infrastructural development and gas delivery in the country. The stakeholders spoke on Thursday in Abuja at the ongoing 7th Edition of the Nigeria International Energy Summit (NIES 2024). The summit which has theContinue Reading
By Emmanuella Anokam The Indigenous Petroleum Producers (IPPG) has called for swift actions on pending and ongoing divestments in the Nigeria’s energy sector. IPPG said the International Oil Companies (IOCs) divestment signals expediential growth of the indigenous companies and participation in the energy sector. Mr Abdulrazaq Isa, Chairman, IPPG/Waltersmith Group,Continue Reading
By Emmanuella Anokam The Nigeria Liquefied Natural Gas Limited (NLNG) has tasked the energy industry players on integration of digital technologies to improve operational efficiency, reduce emissions and increase revenue. NLNG’s Deputy Managing Director, Mr Olakunle Osobu, made the call at the ongoing 7th Nigeria International Energy Summit (NIES) inContinue Reading
By Emmanuella Anokam The African Export-Import Bank (Afreximbank) says Nigeria is among the largest beneficiaries accounting for about 60 per cent of its US$30 billion funding of the energy sector in Africa. The Afreximbank said it has been able to make modest contributions in the oil and gas sector becauseContinue Reading
By Emmanuella Anokam The Federal Government said on Tuesday that none of the International Oil Companies (IOCs) doing business in Nigeria has left as being insinuated. Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, gave the clarifications during the inauguration of the ongoing Nigeria International Energy Summit (NIESContinue Reading
By Emmanuella Anokam President Bola Tinubu on Tuesday said the decision to remove petroleum subsidy was a challenging one, but a necessary step to secure long term energy security and foster economic growth for the country. The president said this while officially opening the 7th edition of the Nigeria InternationalContinue Reading
Emmanuella Anokam The Federal Government says the Obiafu/Obrikom/Oben (OB3) Gas Pipeline will be completed in March 2024. The Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, made this known at the official opening of the 7th edition of the Nigeria International Energy Summit (NIES 2024) on Tuesday atContinue Reading
By Emmanuella Anokam Oil & Gas Expert, Ms Iroghama Ogbeifun, has called on the Federal Government to support indigenous companies in the Oil and Gas Industry value chain, for speedy revamping of the Nigerian economy. Ogbeifun, who stated this in a statement in preparation for the International Energy Summit (NIES)Continue Reading
