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Introduction The status of the Nigerian oil and gas industry as the dominant contributor to Nigeria’s external reserves undoubtedly serves as a pointer to the economic importance of the sector to the nation. Thus, fixing the Nigerian oil and gas industry has a significant positive impact on the ongoing macro-economic challenges that the nation is […]

A record 60% of Europe’s electricity was powered by clean energy sources in the opening two months of 2024, driven by strong year-on-year growth in hydro, solar and wind generation and a rebound in nuclear power production.Total clean electricity generation was a record 516.5 terawatt hours in January and February, up 12% from the same

A report quoting unnamed four traders, has said that between 20 and 25 shipments of Nigerian crude for April loading are still floating on the high seas in Europe, searching for buyers. This development comes on the heels of another report that lingering strikes and protests in the French refining sector and seasonal maintenance at

The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mallam Mele Kyari was at the just concluded 2024 edition of CERAWeek by S&P Global in Houston, United States , with the theme, ‘Multidimensional Energy Transition: Markets, climate, technology and geopolitics,’. He spoke on the theme of the conference , the ongoing transformation

The Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Gbenga Komolafe, is a thorough engineer, detailed lawyer and astute administrator. Engr. Komolafe, who was born in 1963 when Nigeria became a Republic had his primary and secondary education in Ondo State before going to the University of Ilorin for his first Engineering degree in

Since assuming office in April 2022, Opoku-Ahweneeh Danquah, CEO of the Ghana National Petroleum Corporation (GNPC), has been leading the organization’s efforts to maximize the country’s benefits from its oil and gas resources. Mr. Danquah, who previously served as Deputy CEO, ascended to the position of CEO at GNPC following Dr. K.K. Sarpong’s tenure. Dr.

The Nigerian Gas Association (NGA) has commended the federal government for the recent gazetting of three policy directives in the oil and gas sector. The directives, issued on March 1, include introducing fiscal incentives for non-associated gas, midstream, and deepwater developments, as well as reducing the contracting cycle from 36 months to six months. According

Oil Rises on Signs of Strong Demand, Rate Cut Hopes Oil rose on Wednesday, supported by signs of strong global demand including from top consumer the United States while hopes that the Federal Reserve might start cutting rates soon also buoyed sentiment despite somewhat sticky US inflation. In an indication of healthy demand, US crude

FX Devaluation, Increased Production Spurs 37% Growth In Nigeria’s Oil Export In 2023 Nigeria recorded a total crude oil export revenue of N29 trillion in 2023, a 37% increase compared to N21.1 trillion recorded in the previous year. This is contained in the recently released foreign trade report by the National Bureau of Statistics (NBS).

Olu Verheijen, the special adviser on energy to President Bola Tinubu, has stated that the recent oil and gas reforms by President Bola Tinubu are geared towards revamping the economy and improving revenue generation from the sector. Verheijen made this statement in Abuja on Friday while speaking at ministerial press briefings. According to her, Nigeria