OIL MARKET: OPEC committed to achieving global market stability — H.E. Antonio Oburu Ondo By Eyo Nsima The Minister of Mines and Hydrocarbons of Equatorial Guinea and President of the Organisation of Petroleum Exporting Countries, OPEC, H.E. Antonio Oburu Ondo, has expressed the commitment of OPEC to achieving market stability. Ondo noted that the market […]
… H1 gross profit hits N140.6bn Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, announces its unaudited results for the six months ended 30 June 2023, recording a rise in revenue by 3.8 per cent to N278.3bn from N219.2bn year-on-year. The
Seplat Energy grows 2023 H1 revenue by 3.8% to N278.3bn Read More »
The 16th Annual International Conference of the Nigerian Association for Energy Economics (NAEE/IAEE) was held from 9th to 11th July 2023 at the PTDF Conference Centre, Abuja with the theme: “Energy Evolution, Transition and Reform: Prospects for African Economies”. The conference was well attended, with over two hundred and fifty participants and invited guests, drawn
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Construction of Ondo Oil and Gas Park to start, NCDMB assures Govt, Investors Actual construction of a low-cost manufacturing hub for equipment components and spare parts used in the oil and gas industry will start in Ondo State soonest, according to the Nigerian Content Development and Monitoring Board (NCDMB). Located at Ilaje, Ilaje Local
Construction of Ondo Oil and Gas Park to start, NCDMB assures Govt, Investors Read More »
NIGERIA’s HIGH FUEL PRICE: It’s not about NNPC but market fundamentals — IPMAN By Eyo Nsima The national operations controller, Independent Marketers Association of Nigeria, IPMAN, Mike Osatuyi, said the high price of petrol in Nigeria does not have much to do with the NNPC Limited. According to him, the high price of the product
NIGERIA’s HIGH FUEL PRICE: It’s not about NNPC but market fundamentals — IPMAN Read More »
Managing Director of Nigeria’s leading deep-water oil and gas company, Shell Nigeria Exploration and Production Company (SNEPCo), Mrs. Elohor Aiboni, has urged the Nigerian government to replicate the Petroleum Industry Act’s (PIA) good fiscals terms for onshore oil projects and to put in place positive fiscal terms for gas projects that are not associated with
SNEPCO’s MD calls for attractive fiscals in oil sector investments Read More »
JUST IN: NNPCL increases petrol pump price to N617 per litre By Eyo Nsima NNPC Limited has raised the petrol price to N617 per litre from N537 in Abuja, Nigeria. The company has not given reasons for the change in price, but operators are allowed to increase or reduce prices in the spirit of deregulation.
JUST IN: NNPCL increases petrol pump price to N617 per litre Read More »
NASENI Invites Producers of Lithium Batteries to Manufacture in Nigeria Receives Chinese delegation The National Agency for Science and Engineering Infrastructure (NASENI) is calling on investors to collaborate with the Agency in local production and domestication of Lithium batteries among other renewable energy solutions. The Executive Vice Chairman/CEO of NASENI Dr, Bashir Gwandu speaking
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Oil marketers start fuel importation — NMDPRA By Eyo Nsima The hope for increased supply of petrol has emerged as oil marketers have embarked on importation. Before now, the product was mainly imported by the NNPC Limited and marketed by the major and independent oil marketers. But speaking at the stakeholders’ engagement with stakeholders in
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Oil theft: NUPRC sets up regulatory framework that will address oil revenue loss- Komolafe .Says commission is focused on prevention and elevation of transparency in the energy sector As part of the effort to stop oil theft and illegal financial flows in the country, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the
