Global Gas Flaring Falls to Lowest Level Since 2010 Reduction in 2022 equivalent to taking three million cars off the road. There seems to be notable progress recorded in reducing gas flaring in 2022, with gas flared worldwide falling by 5 billion cubic meters (bcm) to 139 bcm, its lowest level since 2010. This is…
PENGASSAN backs FG on fuel subsidy removal, calls for revival of Refineries. The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has thrown its weight behind the Federal Government fuel subsidy removal plan and has asked the government to stop subsidising Premium Motor Spirit, popularly called petrol. The association however called on the…
Afreximbank Grants $350,000 Fund For Nigeria Inland Waterways Development African Export-Import Bank (Afreximbank) has provided a grant of $350,000 to Nigeria for the development of Inland Waterways along the Lower River Niger. In an official statement, the bank noted that the fund was provided for the project in a deal with the Nigerian Export-Import…
Court set to rule on suspended Seplat CEO’s suit A Federal Court of Appeal, sitting in Lagos, has set March 30, 2023 as the date to rule on the application seeking to set aside the interim ex-parte order previously made by the court, stopping Mr Roger Brown, from parading himself as the Chief Executive Officer…
Nigeria Can Be A Renewable Superpower – Boris Johnson Former British Prime Minister, Mr. Boris Johnson, has said Nigeria can be a renewable superpower. The former Prime Minister, who spoke at the 16th Osigwe Anyiam-Osigwe lecture series in Lagos, on Monday called for a stronger “mutually-benefiting relationship” between Nigeria and the United Kingdom in order…
Rwanda Among Countries With Cheapest Electricity Tariffs – Report A report by Statista.com has listed Rwanda as one of the 30 countries globally with the cheapest household electricity prices, according to a report released earlier this month by an online platform specialised in market and consumer data. The other African countries on the list include…
NIMASA, NCC partner on Submarine Cable Regulation The Nigerian Maritime Administration and Safety Agency (NIMASA), and Nigerian Communications Commission (NCC) have agreed to work closely in developing a regulatory framework to provide operational guidelines for Submarine Cable and Pipeline Operators in Nigeria. This is contained in a statement signed by the Assistant Director, Public Relations,…
NCDMB holds Enlightenment Workshop with Contractors and Host Communities in Akwa Ibom The Nigerian Content Development and Monitoring Board (NCDMB) recenty held a one-day enlightenment workshop for contractors, youths, and members of host communities in Akwa Ibom State on the NCDMB’s Community Content Guidelines (CCG). The workshop according to the Executive Secretary, NCDMB, Engr. Simbi…
IPMAN disagrees over FG Port Harcourt refinery completion date The Independent Petroleum Marketers Association of Nigeria, IPMAN, has faulted the Minister of State for Petroleum, Chief Timipre Sylva, over his assurance on the completion of the Port Harcourt refinery. Sylva had during a seminar recently in Abuja, said the refinery would be ready before the…
U.S. crude oil exports to Europe hit record in March on steep discounts U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts to the global benchmark and weaker oil demand by U.S. refineries. Record exports to Europe and China…
