President Nyusi has demonstrated admirable long-term thinking, dedication to local content, and political will to empower the private sector The African Energy Chamber commends H.E. President Nyusi on receiving the Africa Oil & Power ‘Person of the Year’ award for 2020, to be presented on March 8; President Nyusi has demonstrated admirable long-term thinking, dedication […]
By Eyo Nsima THE price of oil has dropped from $68.50 to $64.19 per barrel in the international market as stakeholders await the outcome of the Organisation of Petroleum Exporting Countries, OPEC, and Non-OPEC meeting, where the decision of increase output is to be taken. For instance, the price of Brent, which had soared towards
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Pre-NIPS 2021 Summit to focus on Nigeria’s “Decade of Gas” Initiative Key Senior Executives across the oil and gas industry will converge at the Transcorp Hilton, Abuja on 29 March 2021 under the auspices of Nigeria’s Ministry of Petroleum Resources’ Nigeria International Petroleum Summit (N.I.P.S) for a hybrid conference and high-level networking session. The event,
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OPEC Daily Basket – March 2, 2021 OPEC daily basket price stood at $61.97 a barrel Tuesday, 2 March 2021, compared with $64.24 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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The Department of Petroleum Resources (DPR) has issued warning to marketers against hoarding of Petroleum products in their outlets. The Director/CEO DPR Sarki Auwalu gave this warning following the emergence of queues in retail outlets in some states of the federation. He stated that from available records, there is product sufficiency in the country and
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…Cautions against Hoarding, Panic Buying Contrary to speculations of an imminent increase in the price of Premium Motor Spirit (petrol) in the country, the Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of petrol in March 2021. A press release by the Group General Manager, Group Public Affairs Division,
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The plant is located in the Northern Cape of South Africa, which is also the location of ENGIE’s 100 MW Kathu CSP plant ENGIE has announced that it has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as 46% of
ENGIE acquires 100 MW Concentrated Solar Power plant in South Africa Read More »
Dangote Grooms Nigerian Engineers to Manage Refinery Complex on Completion The Management of Dangote Oil Refinery is preparing young Nigerian graduates to take over the management of its 650,000 barrels per day single train refinery when it becomes operational in 2022. Already, the company has trained several Nigerian engineers in some of the world’s biggest
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Seplat driving sustainability with growing gas business – Brown Seplat Petroleum Development Company Plc, a leading indigenous energy company, has identified its fast-growing gas business as a strong catalyst for sustainable development in Nigeria. Mr. Roger Brown, Chief Executive Officer, SEPLAT, described this drive as a revolution, indicating that the direction is laudable and highly rewarding
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Leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas reserves to trigger economic activities for gas-based industrialization. SPDC’s Managing Director and Country Chairman of Shell Companies in Nigeria, Mr. Osagie Okunbor, said Shell’s support is
Shell invests to support Nigeria’s Domestic Gas Ambition for industrialization Read More »