ARDA to Seek Investments at Invest in African Energy Forum The African Refiners & Distributors Association (ARDA) is set to participate in the upcoming Invest in African Energy (IAE) forum, aiming to showcase investment opportunities within Africa’s downstream oil sector. Scheduled for May 14-15 in Paris, the event provides a vital platform for ARDA to…
Oil Prices Close Lower, Marking Weekly Decline Amid Dimming Hopes for US Rate Cut Oil prices experienced a significant decline of nearly 3% on Friday, resulting in a weekly decrease, following remarks from a U.S. central bank policymaker suggesting a delay in interest rate cuts by at least two months. Brent crude futures concluded the…
NIMASA inaugurates anti- corruption unit On Thursday, the Nigerian Maritime Administration and Safety Agency (NIMASA) launched its Anti-corruption and Transparency Unit (ACTU). The eight-member NIMASA ACTU was established during a ceremony overseen by Kabir Elelu, the Resident Anti-Corruption Commissioner of the Independent Corrupt Practices Commission (ICPC) in Lagos, held at NIMASA’s headquarters in Apapa, Lagos….
US Greenlights Expansion of E15 Gasoline Sales Across Midwest from 2025 On Thursday, the U.S. government announced its approval of a request made by Midwestern governors to expand sales of gasoline containing higher blends of ethanol in their respective states, commencing in 2025. Currently, the sale of E15 gasoline, which contains 15% ethanol, is restricted…
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…
