OTL Attracts Collaborations, Strategic Engagements for the Downstream- Oyebanji In his welcome address at the Opening Ceremony of Oil Trading and Logistics (OTL), Africa Downstream Week, Mr. Tunji Oyebanji, Chairman Advisory Board and Managing Director of 11 Plc told participants that the downstream event has remained active over the years, despite strong industry headwinds that…
World is in its ‘first truly global energy crisis’ – IEA’s Birol Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of “the first truly global energy crisis”, the head of the International Energy Agency (IEA) said on Tuesday. Rising imports of LNG…
NMDPRA Boss Launches MOMAN Compendium of Best Practices Series The Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Farouk Ahmed Monday launched the Major Oil Marketers Association of Nigeria (MOMAN) Compendiums of Best Practices Series of the Downstream sector. It was a standing ovation when the Authority CEO launched…
NMDPRA Vows to Prosecute Owner of Gas Plant that caught Fire in Port Harcourt -By Precious Ahiakwo-Ovie The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will arrest and prosecute the owner of the gas plant that caught fire last week for operating illegally. Field Coordinator of The Nigerian Midstream and Downstream Petroleum…
Kerosene Price Up 118% Year-On-Year – NBS The National Bureau of Statistics, NBS, has reported in its “National Kerosene Price Watch’’, that kerosene price rose to N947.30 per litre in September 2022, showing a 17.2 per cent increase over the N809.52 for which it was sold in August 2022. According to the bureau, on a…
Empowering Energy Independence in Africa by Enabling Rural, Urban Renewable Energy Awareness, Access and Affordability The Nigerian Association for Energy Economics (NAEE) joins all energy specialists and enthusiasts in commemorating World Energy Day (WED). Since its inception by the World Energy Forum in 2012, it has been commemorated every year, and provides an opportunity to…
IMF, Malawi Reach Staff Deal on $88m Emergency Financing The International Monetary Fund said on Friday that it had reached a staff-level agreement with Malawi for up to $88.3 million in emergency financing, as the southern African country struggles with acute forex shortages. Reuters reported earlier this week that Malawi, which has been experiencing chaotic…
Tinubu Will Remove Fuel Subsidy, Deregulate Gas Prices Nigeria’s presidential frontrunner Bola Tinubu on Friday promised to remove fuel subsidy if elected next February, adding that his government would ramp up oil production and deregulate midstream gas prices within six months. Nigerians will elect a successor to President Muhammadu Buhari, who steps down next year…
Decade of Gas award is an endorsement of FG’s commitment to gas development …validates Brevity Anderson’s resourcefulness Nigeria’s ‘Decade of Gas’ initiative has clinched the prestigious award of ‘Gas Monetization Development Award of the Year’ at the 2022 African Energy Week in Cape Town, South Africa. The award was received on behalf of the Honorable…
Nigerian Institute of Welding Contributing to the Development of National Welding Capacities in Africa for Increased Local Content The Nigerian Institute of Welding says it is contributing to the development of national welding capacities in Africa for Increased local content in respective national industries through The Welding Federation (TWF). The Nigerian Institute of Welding stated…
