By Emmanuella Anokam The Federal Government said it had paid over 120 million dollars out of the 1.3 billion dollars owed Gas Suppliers in the country. The Director, Decade of Gas Secretariat, Mr Ed. Ubong, on Thursday at the ongoing 7th Edition of the Nigeria International Energy Summit (NIES 2024),Continue Reading
By Emmanuella Anokam The Techno Oil Group has clinched the 2024 Energy Downstream Recognition Award at the Nigeria International Energy Summit (NIES 2024). Mrs Nkechi Obi, the Group Managing Director and Chief Executive Officer, Techno Oil, while receiving the award in Abuja on behalf of the company, described the awardContinue Reading
By Emmanuella Anokam The Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, said Nigeria had made positive contributions to the organisation since becoming a member in 1971. Al-Ghais said this in an interview with newsmen on the sidelines of the ongoing 7th Nigeria International Energy SummitContinue Reading
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
