Energy Crisis: Sylva Identifies Diplomacy as Key Element in Foreign Relations As a result of the current global energy crisis, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has identified diplomacy as a key element of foreign relations. According to a statement by his Senior Adviser on Media and Communication, Horatius Egua, the…
Mismanagement of Oil, Gas and Minerals resources is a Violation of Human Rights — NEITI The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Orji Ogbonnaya Orji, has described the mismanagement of oil, gas and minerals resources in the country’s extractive sector as a violation of human rights. Orji stated this in…
Over 20 Countries Agree to Boost Low-Emission Hydrogen Output Over 20 countries, led by Japan, have agreed to boost output of low-emission hydrogen to at least 90 million tonnes a year by 2030 from 1 million tonnes now. According to the Japanese industry ministry, the agreement between the countries including the United States, Australia and…
Upstream Supply Challenges Affecting Supply of LPG to the Domestic Market – NLNG The Nigeria LNG Limited (NLNG) has said that upstream supply challenges is affecting the supply of Liquefied Petroleum Gas (LPG) to the domestic market, but reiterated its commitment to 100 percent of all its LPG to the domestic market despite feedgas…
Port Harcourt Refinery Company, TECNIMONT, Train 40 Rivers Youths in Maritime Skills The Port Harcourt Refinery Company (PHRC) and Technimont Nigeria Limited have trained 40 Rivers State youths Maritime and offshore skills and safety as part of activities to mark the World Maritime Day. The Executive Director of the Charkin Maritime and Offshore Safety,…
Shell to Acquire Lagos-Based Solar Power Company Shell Plc is set to acquire Lagos-based solar power solutions company, Daystar Power, as part of its agenda to drive the development of renewable energies. Daystar Power is a West African provider of hybrid solar power solutions to commercial and industrial (C&I) businesses. The acquisition is, however, subject…
Wabote Commissions Two Factories in Port Harcourt The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has commissioned two new facilities owned by Uniterm Nigeria Limited, and Southwestern Technologies and Oilfield Services Limited both in Port Harcourt, Rivers State. In his address at the events, Wabote lauded both companies…
Ardova Records Gross Revenue of N192.47 billion in 2021 Financial Year Ardova Plc, a Nigerian integrated energy company, says it recorded a gross revenue of N192.47 billion in the 2021 financial year, representing a 5.95 per cent increase from the 2020 revenue of N181.66 billion. The company disclosed this at its 43rd Annual General Meeting…
Osinbajo Charges OPTS to take the Lead in Solar Power to Help Drive Nigeria’s Energy Mix By Ikenna Omeje As the global push towards energy transition intensifies, the Nigeria’s Vice President, Professor Yemi Osinbajo, has charged members of the Oil Producers Trade Section (OPTS), a subgroup of the Lagos Chamber of Commerce and Industry (LCCI),…
Nigeria’s crude oil production maintained its dropping streak in August, to average 1.100 million barrels per day (mbpd). The Organisation of Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Report for September 2022, said the figure represents a decrease of 64,000 barrels per day when compared with 1.164mbpd average production in the month of…
