• October 23, 2024
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Nigeria’s $2.8bn AKK Gas Pipeline Nears Completion, Set for December 2024 Inauguration

Nigeria’s $2.8bn AKK Gas Pipeline Nears Completion, Set for December

November 15, 2023

The Nigerian National Petroleum Company (NNPC) Limited has announced that the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will be inaugurated in December 2024. The pipeline, which is being constructed by Oilserve Limited, is expected to play a major role in boosting Nigeria’s energy supply and reducing its reliance on fossil fuels. Oritsemiyiwa Eyesan, Executive […]Read More

Nigeria’s Crude Theft Rampant with 131 Incidents in a Week

Nigeria’s Crude Theft Rampant with 131 Incidents in a Week

November 14, 2023

Nigeria has reported 131 incidents of crude oil theft within a week, as disclosed by the Nigerian National Petroleum Company (NNPC) Limited through its official Twitter account on Tuesday, November 14. The NNPC report outlined various infractions during this period, including 24 illegal connections, 43 illegal refineries, 17 pipeline vandalisms, 23 vessels AIS infractions, 5 […]Read More

FG To Revoke Most 2021 Marginal Oil Field Licenses

FG To Revoke Most 2021 Marginal Oil Field Licenses

October 25, 2023

The Federal Government has implied that it intends to terminate the majority of licenses awarded to marginal oil field operators in 2023 that have remained inactive. This comes more than 30 months after the government finished the acquisition of these marginal fields and notified the winners. According to Bloomberg, this was revealed by Heineken Lokpobiri, […]Read More

GWO, JWPA Sign Groundbreaking MoU To Boost Japan’s Wind Energy Workforce

GWO, JWPA Sign Groundbreaking MoU To Boost Japan’s Wind Energy

October 23, 2023

Global Wind Organisation (GWO) and the Japanese Wind Power Association (JWPA) have agreed terms in a Memorandum of Understanding to describe recommended training for wind technicians in Japan. The MOU, signed at the Global Offshore Wind Summit in Kitakyushu, emphasises GWO’s role in developing entry-level skills. This collaboration aims to reshape workforce development, addressing Japan’s […]Read More

NNPC Appoints Olufemi Soneye As Chief Corporate Communications Officer

NNPC Appoints Olufemi Soneye As Chief Corporate Communications Officer

October 18, 2023

Olufemi Oladapo Soneye has been named chief corporate communications officer of the Nigerian National Petroleum Company (NNPC) Limited. As a result of this development, Soneye will succeed Garba Deen Muhammad, the state-owned oil company’s previous top corporate communications officer. The NNPC, however, did not explain why the adjustment was made in a message sent on […]Read More

LNG Spot Prices Surge Over 40% as Israel-Hamas Conflict Unfolds

LNG Spot Prices Surge Over 40% as Israel-Hamas Conflict Unfolds

October 17, 2023

Since the start of the Israel-Hamas war on October 7, when Hamas attacked festival goers, spot prices for liquefied natural gas (LNG) have risen by more than 40 percent. Spot Liquefied Natural Gas (LNG) prices jumped to $18.345/MMBtu on October 16, according to S&P Global Commodity Insights. This spike of more than 40 percent since […]Read More

NNPC Stops Crude Oil Swaps, Imports Petrol With Cash

NNPC Stops Crude Oil Swaps, Imports Petrol With Cash

October 15, 2023

For the first time in nearly a decade, the Nigerian National Petroleum Company (NNPC) Limited has discontinued the crude oil swap agreement for petrol and began purchasing fuel through cash tenders. This adjustment, which is in line with President Bola Tinubu’s reform proposals introduced in May, aims to eliminate costly fuel subsidies and strengthen the […]Read More

Reps Pass Bill To Develop Biofuels For Second Reading

Reps Pass Bill To Develop Biofuels For Second Reading

October 5, 2023

The House of Representatives has passed a Bill for an Act to provide a legislative framework for the growth of Nigeria’s biofuels industry for second reading. This action will significantly contribute to a greener and more sustainable energy future for Nigeria. The Biofuels Energy Regulatory Commission and the Bio-Fuels Research Agency are the two organizations […]Read More

Labour Unions Suspend Strike For 30 Days

Labour Unions Suspend Strike For 30 Days

October 3, 2023

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have agreed to suspend the industrial action planned for today, October 3, for 30 days. At the end of a five-hour closed door meeting, the Union leaders said that all the agreement have been given a timeline for implementation. The agreement was signed by […]Read More

Oil Prices Stable As Focus Returns To Supply Outlook

Oil Prices Stable As Focus Returns To Supply Outlook

October 2, 2023

Oil prices maintained stable on Monday after falling at the end of last week, as investors resumed their attention to a tight global supply outlook, but a last-minute deal to avoid a US government shutdown revived some risk appetite. Brent December crude futures were up 17 cents, or 0.18 percent, to $92.37 per barrel by […]Read More

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