The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record lAll-time High in 2022evel it reached nearly a decade ago, according to a report by the International Energy Agency (IEA). IEA notes that significant uncertainty hangs over the outlook for coal as a result of slowing economic…
The Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has noted that the national oil firm has a framework for supporting those interested in investing in modular refineries in Nigeria. Modular refineries are less capital intensive crude oil processing facilities with capacities of up to 30,000 barrels per day. There…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), earlier in August, held a 4-day consultation with critical stakeholders on its proposed 12 regulations for midstream and downstream operations in Abuja. The regulations are Petroleum (Transportation and Shipment) Regulations, Assignment and Transfer of Licence and Permit Regulations, Midstream and Downstream Petroleum (Operations) Regulations, Petroleum Pipeline…
Faith Iroham, the founder and chief executive of Gove Energy, began her career with the defunct Department of Petroleum Resources (DPR) – now Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The vibrant Gove Energy has an exploration team whose members have well over two decades of both international and local exploration, development, and production experience. Having…
By Ikenna Omeje Introduction With the war still raging in Ukraine, inflation rising globally, and the poor state of Nigeria’s infrastructure, the numbers aren’t looking good for Africa’s largest economy. So, there’s an urgent need for landmark changes in the country’s approach to the economy and its national policies. Hoping the administration gets this strategic…
By Ikenna Omeje The Rural Electrification Agency (REA) has signed a Memorandum of Understanding (MoU) with the National Fadama Development Project (NFDP) to collaborate on several activities during the planning and implementation of electrification programmes targeted at agriculture, land and water resources. A statement by REA said that the MoU is also expected to consider…
By Ikenna Omeje President Muhammadu Buhari has unveiled the new Nigerian National Petroleum Company Limited (NNPC Limited), affirming that the company is mandated by law to ensure that Nigeria’s National Energy Security is guaranteed. A statement by the Special Adviser to the President (Media & Publicity), Femi Adesina, said that Buhari noted that the new…
The Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), Dr. Mohammed Barkindo, is dead. Mallam Mele Kyari, Group Managing Director, Nigerian National Petroleum Company (NNPC) Limited, confirmed the development in a statement posted on his official Twitter page on Wednesday. “We lost our esteemed Dr Mohammed S Barkindo. He died at about 11.00 p.m. on…
Bassey Adie is the Managing Director of Loyz Energy and Logistics Services Limited and also a director in other companies. She is a graduate of Law from the University of Buckingham, and holds a diploma in Business Strategy, Sustainable Business Development and a certificate in Leadership Principles from the prestigious Harvard University, as well as…
By Ikenna Omeje Nigeria is the largest crude oil producer in Africa with over 37 billion proven oil reserves and over 206 Trillion Cubic Feet (TCF) of proven gas reserves. The discovery of oil in Nigeria dates back to 1956 when Shell-BP discovered oil at Oloibiri in the present day Bayelsa State. The country became…
