News and Updates

The Ghana National Petroleum Authority (NPA) has confirmed that the country has implemented controversial regulatory measures, including the removal of fuel subsidy to ensure stability across its downstream sector.The Authority said the removal of the subsidy is part of the country’s implemented regulatory measures to ensure stability across its downstream sector. Chief executive officer of […]

If Nigeria could retain between 60 to 70 per cent of the oil and gas value chain in the country, the nation stood a better chance of emerging as a top 20 economy in the world, Chairman of the Petroleum Technology Association of Nigeria (PETAN), Mr Wole Ogunsanya, has said. Ogunsanya expressed concerns that Nigeria

Offshore drilling contractor, Dolphin Drilling, has struck a deal with Lagos-based General Hydrocarbons Limited (GHL), a Nigerian oil and gas player, to boost oil production. The contract is pursuant of past due payment amounts and remaining work under the drilling contract awarded to one of its semi-submersible rigs off the coast of Nigeria. After disclosing

The Nigerian government, led by the Minister of State for Environment, Dr. Iziaq Salako, has announced plans to conduct periodic reviews of the gas flaring reduction plans of both international and indigenous oil companies. This move aims to ensure alignment with the national goal of ending routine gas flaring by 2030. Dr. Salako made this

The US, the world’s largest oil and gas producer, is headed for another year of record production, although with a significantly smaller increase as companies scale back activity following a wave of acquisitions in the industry, analysts have said. Production from American oilfields reached a record high of 12.9 million barrels per day last year

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