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
By Lucy Ogalue The report by the Presidential Enabling Business Environment Council (PEBEC) on the compliance with the Executive Order on Transparency and Efficiency in the Nigerian Business Environment shows that the Nigerian Content Development Board (NCDMB) emerged first with 83.06 per cent. The report showed that the Standards OrganisationContinue Reading
By Emmanuella Anokam The Federal Government has tasked oil and gas experts to proffer permanent solutions to challenges ranging from low productivity, oil theft, pipeline vandalism and gas flaring in the local oil industry. Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), made the call on Monday inContinue Reading
By Victor Nwachukwu Mr Nkenna Nzeruo, a Commissioner in Imo State Oil Producing Areas Development Commission (ISOPADEC) says Gov. Hope Uzodimma is developing Imo beyond expectations, especially in the oil producing areas. Nzeruo said this in an interview with the News Agency of Nigeria (NAN) in Owerri, on Monday. HeContinue Reading
By Emmanuella Anokam The Petroleum Training Institute (PTI) is strategising on policies to spur industry’s growth and lay a solid foundation for transitioning into cleaner sources of energy. Dr Henry Adimula, Principal and Chief Executive of PTI, said this while addressing newsmen on its forthcoming 3rd Biennial International Conference onContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd) has appointed Mr Olufemi Soneye as its Chief Corporate Communications Officer. The NNPC Ltd management said in a statement on Wednesday in Abuja Soneye would lead its Corporate Communications team and drive its brand penetration, strategic communications initiatives, andContinue Reading
By Bukola Adewumi The newly appointed Managing Director of Oil and Gas Free Zones Authority (OGFZA), Mr Bamanga Usman, has unveiled plans for the future growth of the agency, inline with President Tinubu’s economic agenda. Usman made this known on Wednesday when he took over from theContinue Reading
By Emmanuella Anokam The Federal Government says it is targeting to increase crude oil production to two million Barrels Per Day (bdp) and beyond by the end of the year. Mr Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), made this known in a meeting with the Abuja EnergyContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has constituted a committee to address issues bordering on inactive crude oil blocks in order to reverse the trend. Dr Kelechi Ofoegbu, Executive Commissioner, Economic Regulation and Strategic Planning, NUPRC, made this known at its Consultation Forum on Friday inContinue Reading
