By Emmanuella Anokam A University Don, Olanrewaju Aladeitan, says before removal of the fuel subsidy, it is expected that ideal things, including fixing the refineries to be functional, should be done for optimal benefit. The lecturer warned that the removal of subsidy on Premium Motor Spirit (PMS), called fuel, withoutContinue Reading
By Emmanuella Anokam A University Don, Olanrewaju Aladeitan, says before removal of the fuel subsidy, it is expected that ideal things, including fixing the refineries to be functional, should be done for optimal benefit. The lecturer warned that the removal of subsidy on Premium Motor Spirit (PMS), called fuel, withoutContinue Reading
By Yusuf Yunus The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas resources. Mr Gbenga Komolafe, the Commission Chief Executive of NUPRC, said this on Monday during the opening ceremony of theContinue Reading
By Yusuf Yunus The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says it will recommend for an establishment of ‘African forum of regulators’, to benchmark and standardise regulatory framework in the upstream oil and gas sector across the states of African nation. Mr Gbenga Komolafe, the Commission Chief Executive ofContinue Reading
By Emmanuella Anokam Vice President Yemi Osinbajo says Nigeria, as a nation, needs to consider investments in Green Hydrogen in view of energy transition. Osinbajo made the call while unveiling a book titled “Understanding Natural Gas: A Nigerian Perspective” on Thursday in Abuja. The Vice President urged the Nigeria NationalContinue Reading
By Emmanuella Anokam The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments. OPEC Secretary-General, Haitham Al Ghais said this in a statement obtained in Abuja on Thursday while responding to the latest comments by theContinue Reading
By Emmanuella Anokam TotalEnergies E&P Nigeria Ltd. has described its Industry Revolution Award at the Nigeria International Energy Summit (NIES 2023) as a testament to the company’s commitment to the sustainable development of Nigeria. Dr Charles Ebereonwu, TotalEnergies Country Communication Manager, said this on Saturday in an interview with theContinue Reading
By Emmanuella Anokam The Federal Government says it is considering how best to achieve subsidy removal without disrupting livelihoods in Nigeria. Amb. Gabriel Aduda, Permanent Secretary, Ministry of Petroleum Resources, said this while briefing newsmen on Thursday at the end of the Nigeria International Energy Summit (NIES 2023). He saidContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s oil and condensate reserves stand at 36.966 billion barrels as at Jan. 1, 2023. This represents 31.060 billion barrels for oil and 5.906 billion barrels for condensate. The Commission’s Chief Executive, Mr Gbenga Komolafe said this atContinue Reading
By Emmanuella Anokam Some top oil and gas companies in Nigeria have called for full deregulation of the downstream sector of the oil and gas industry. The Indigenous Oil Companies, particularly those operating in the African energy space, made this known in Abuja at the sixth edition of the NigeriaContinue Reading
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