Africa’s National Oil Companies Convene at NIES 2024 to Advance Continent’s Energy Agenda The 7th Nigeria International Energy Summit (NIES 2024) is gearing up to host the National Oil Companies (NOCs) Forum, bringing together esteemed CEOs and key stakeholders from various African NOCs. This session, falling under the sub-theme “Sustainable Strategies for Energy Leadership: Navigating…
AECIPA to Showcase Angolan Service Industry Opportunities at Invest in African Energy (IAE) 2024 The Association of Service Providers of the Angolan Oil & Gas Industry (AECIPA) is gearing up to participate in the Invest in African Energy (IAE) 2024 forum, organized by Energy Capital & Power. AECIPA’s agenda at the event will revolve around…
Nigeria’s Active Oil Rigs Reach 30, Reports NUPRC Gbenga Komolafe, the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has revealed that Nigeria’s oil rig count has surged to 30 from 11 in 2011. He attributed this increase to the concerted efforts of NUPRC and other government stakeholders in instilling confidence and…
Nigeria Highlights Gas Potential at Invest in African Energy Forum in May Nigeria will showcase its burgeoning gas sector at the forthcoming Invest in African Energy (IAE) Forum in Paris, where Minister Ekperikpe Ekpo will underscore investment prospects and outline ambitious production targets. Key Highlights: Nigeria aims to ramp up gas production to 5.5 billion…
Nigerian Oil and Gas Marketers Push Back Against ‘Dollarisation’ of NPA and NIMASA Charges Amid Rising Energy Costs The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) expressed concern on Tuesday over the ongoing “dollarization” of the Nigerian economy, particularly the imposition of charges by the Nigerian Ports Authority (NPA) and the Nigerian Maritime…
Lawmaker Sounds Alarm: Illegal Mining Fueling Insecurity in Nigeria Senator Ekong Sampson, representing Akwa Ibom South senatorial district at the National Assembly, has raised concerns over the growing security threats fueled by illegal mining activities across Nigeria. He emphasized that collaboration between Nigerians and foreign entities has led to the exploitation of the nation’s mining…
Customs to Distribute Seized Food Items to Alleviate Hardship Among Nigerians In light of the hardship faced by many Nigerians, the Nigeria Customs Service (NCS) stated it would share food items it seized from importers and smugglers “to the poor and needy”. The NCS said it would ensure such food items are certified fit for…
East Africa: EAC Focuses On Renewable Energy Sources The partner states of the East African Community (EAC) have restated their dedication to boosting energy efficiency and harnessing wind, solar, and geothermal power as sustainable energy sources for the region. As per a statement published on the community website, partner states have initiated various endeavors to…
Oil rises 1% on signs of tightening supplies Oil prices climbed by 1% on Wednesday amid escalating geopolitical tensions in the Middle East and evaluations of imminent supply constraints. U.S. West Texas Intermediate crude futures (WTI) surged by 87 cents, or 1.1%, settling at $77.91 per barrel, while Brent crude increased by 69 cents, or…
NASENI, Caverton Enter Agreement to Establish Drone Assembly Plant and Training Center The National Agency for Science and Engineering Infrastructure (NASENI) and Caverton Offshore Support Group (COSG) Plc have signed a memorandum of understanding (MoU) to set up a Drone Assembly Plant, a Drone Training School, and a Service Center for Helicopters in Nigeria. The…
