Nigeria takes Steps to Attract Investments into its Oil&Gas Sector Africa’s largest oil and gas producer, Nigeria, has taken major steps towards making itself a destination for investments in the continent’s energy sector through executive orders on industry reforms. Despite having about 37 billion barrels of proven crude oil reserves and about 209 trillion cubic…
The New Energy World Order Amid Transition, Security In November 2022, the global population reached 8 billion individuals, marking a significant “milestone in human development,” as reported by the United Nations (UN). This figure surged from an estimated 2.5 billion people in 1950. Projections from the UN suggest an impending increase of nearly 2 billion…
NUPRC canvasses for Establishment of African Petroleum Regulatory Forum. To work collaboratively in shaping the regulatory landscape of Africa as well as have a unified voice for stronger and more influential representation on the global stage, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has canvassed for the establishment of African Petroleum Regulatory Forum (AFRIPERF). The…
NNPC Woos South Korean Investors for Gas Projects, Bolsters Domestic LPG Supply The Nigerian National Petroleum Company (NNPC) is making strides on two fronts – attracting foreign investment for gas projects and boosting domestic Liquefied Petroleum Gas (LPG) utilization. Here’s what’s cooking: Korean Consortium Eyes Nigerian Gas: NNPC held talks in Seoul with a South…
Tesla Charging Stations have Stopped Working in Chicago due to Frost Tesla charging stations have stopped working in Chicago, United States, due to frost. As a result, many Tesla owners have abandoned their cars at charging stations after unsuccessful attempts to get them charged. According to Mikhail Kulakov, a Sales Lead Manager at a leading…
Atiku calls for Sell of Port Harcourt Refinery Former Vice President, Atiku Abubakar, has called for the sell of the Port Harcourt Refinery. His call follows the announcement by the Nigerian National Petroleum Company (NNPC) Limited, on Monday, that it is seeking to engage an Operations & Maintenance (O&M) firm to operate and maintain the…
LCCI calls on FG to Consider Private Sector Investment in Electricity Transmission The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to consider bringing private sector investment into electricity transmission. The power generation and distribution segments were privatized in 2013, with the Federal Government solely in control of electricity transmission,…
ANOH Gas Plant reaches Mechanical Completion Seplat Energy Plc, on Wednesday, said that the ANOH gas plant installation works has reached mechanical completion. According to a statement made available to Majorwaves, Seplat said the project reached mechanical completion on December 29, 2023, in line with the revised timetable. The company noted that the milestone was…
Nigerian Professor to Release Book on World Oil Dynamics A renowned Nigerian professor of Economics, Professor Augustine Ikein, will on December 28, 2023 release a new book on world oil dynamics. The book titled “The World Oil Dynamics” was forworded by the (former) OPEC Secretary General – Dr. Rilwan Lukman. Ikein will also be officially…
Energy Security: Nigeria’s Endeavours in Exploring Oil and Gas in Frontier Basins In recent years, Nigeria has invested heavily in frontier basins exploration of oil and gas. Frontier, which is a very technical word, means where oil has not been found, but there is potential for finding oil. Frontier basins in Nigeria include the Chad…
