Oil & Gas

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. […]

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

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

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

One of Africa’s major oil and gas producers, Angola is demonstrating commendable efforts in prioritizing regional collaboration to ensure energy security and stimulate growth across the regional energy sector. By leveraging its position, resources and experience, Angola is forging strategic partnerships with neighboring countries, signing significant agreements, and initiating cross-border collaborations. These endeavors serve as

Nigeria, E/Guinea Mull New Opportunities in International Oil Sector    The Governments of Nigeria and the Republic of Equatorial Guinea have opened discussions regarding new partnership opportunities such as the establishment of a joint logistics base, deployment of indigenous capacities across countries, and lowering the costs of major oil and gas operations. These possibilities were

There is a severe need for funding in the upstream and midstream segment of the energy sector in Nigeria, and relevant success stories from the country will facilitate these investments, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown, has said. He said attracting the necessary funding will be dependent on regulatory reforms, fiscal

The Organization of the Petroleum Exporting Countries (OPEC) has launched the 2023 edition of its Annual Statistical Bulletin (ASB) on Tuesday, 11 July 2023, at 14:00 (CEST) at the OPEC Secretariat in Vienna, Austria. The event was held in a hybrid format. The publication and its key highlights were presented by OPEC Secretary General, HE

The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Olumide Adeosun, has applauded the deregulation of the petroleum downstream sector and the unification of foreign exchange rates. As the Chief Executive Officer of Ardova Energy, Adeosun acknowledged that the issues of foreign exchange and fuel subsidy had been addressed, but he stressed