By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it is collaborating with the Nigeria Extractive Industries Transparency Initiative (NEITI) and other stakeholders to reconcile alleged indebtedness by the company and Federation Accounts Allocation Committee (FAAC). NNPC Ltd says they are working in the Reconciliation Committee setContinue Reading
By Emmanuella Anokam An Academic, Dr Yetunde Aladeitan has urged a comprehensive energy strategy that combines Compressed Natural Gas (CNG), improved refinery operations, and investment in renewable energy sources to address Nigeria’s energy challenges. Aladeitan urged the Federal Government to consider the long-term sustainability and affordability of these energy solutionsContinue Reading
By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed readiness to collaborate with international community towards advancing oil, gas and mining sectors. The Executive Secretary of the Agency, Dr Orji Ogbonnaya Orji, stated this at a meeting in Abuja with prominent diplomatic missions in Nigeria. This isContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is committed to effective implementation of the Petroleum Industry Act (PIA 2021) for the sector to contribute more to national economy. The commission says it will ensure that relevant sections of the PIA that affect its operations areContinue Reading
By Emmanuella Anokam The President of the Senate, Dr Godswill Akpabio, says with careful planning and execution, Nigeria can meet the Organisation of Petroleum Exporting Countries (OPEC) quota of 1.8 million barrels per day. Akpabio spoke at the National Assembly Capacity Building Workshop, organised by the Independent Petroleum Producers GroupContinue Reading
By Emmanuella Anokam The Independent Petroleum Producers Group (IPPG) has underscored the need to focus on amending critical aspects of the Petroleum Industry Act (PIA 2021) and ensuring security across the Niger Delta, to stem oil theft. It also called for immediate ramping up of oil and gas production, focusingContinue Reading
By Emmanuella Anokam The Host Communities of Nigeria Producing Oil and Gas (HostCom), have bemoaned deprivations and desecration by the activities of oil operators/settlors who short-change the communities and create divide-and-rule systems to flourish. A Settlor is any holder of an interest in an Oil Prospecting Licence, an Oil MiningContinue Reading
By Emmanuella Anokam The Africa Network for Environment and Economic Justice (ANEEJ), has urged Nigerian and UK Governments to blacklist and place indefinite ban on companies and persons involved in the scandal that rocked the Process and Industrial Development Limited (P&ID). The Non-Governmental Organisation also called on the Attorney GeneralContinue Reading
By Emmanuella Anokam The Sahara Group says Africa requires about 2.64 trillion dollars, roughly the size of its Gross Domestic Product (GDP), to rely on renewable energy sources for electricity generation by 2050. The company says Africa is expected to embrace more of natural gas and renewables for its energyContinue Reading
By Okon Okon The Federal Government says is time for African countries to reposition local content in the oil and gas sector to maximise value chain, boost the sector and develop the continent. Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), made the call at the 3rd EditionContinue Reading
