IBEDC Launches 24-Hour Metering Campaign in Ile-Ife The Ibadan Electricity Distribution Company (IBEDC) has launched its 24-hour ‘Mobile Map’ campaign in the ancient city of Ile-Ife, in a bid to reduce the process of metering for social and economic growth. The IBEDC crew moved round major parts Ile-Ife including Lagere, Sabo, Fajuyi, Moore, Enuwa, Ondo…
PIA: Good Collaboration Will Achieve Robust, Competitive, Transparent, And Profitable Oil And Gas Industry Says NDMPRA Nigeria Midstream And Downstream Regulatory Authority ,Chief Executive Officer , Engr.Farouk Ahmed has assured that good implementation of the PIA 2021 through quality collaboration will achieve a robust, competitive, transparent, and profitable Oil and Gas industry This he also…
Phase 2 of Senegal LNG project needs $5 bln The second phase of Senegal’s Greater Tortue Ahmeyim (GTA) gas project will need investments worth around $5 billion and could start in 2024 or 2025, Senegal’s President Macky Sall said on Thursday. BP (BP.L) and U.S.-listed Kosmos Energy (KOS.N) are leading the development of GTA and…
Oil Climbs Ahead Of OPEC+ Meeting Next Week Oil prices rose on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weakness in the global economy loomed over the market. Brent crude futures rose $1.62, or 1.8%, to $93.98 a barrel by…
NGA Advocates Inclusion of Private Sector in Midstream Infrastructure Fund The leadership of the Nigerian Gas Association, NGA, the largest advocacy group for gas development in Nigeria has called for the expansion and inclusion of the private sector into the Mid-stream Infrastructure Fund for building oil and gas infrastructure in Nigeria. The Fund was recently…
PIA will Boost the confidence of Investors in Nigeria Energy Sector Quest Oil & Engineering Services Limited, an indigenous energy provider has said that the recently passed Petroleum Industry Act (PIA) will engender trust and enhance investors’ confidence towards achieving a successful transitioning of the Nigerian Oil and Gas industry. This assertion was made by…
OPEC Daily Basket Price Closes At $106.41 Per Barrel The Organisation of Petroleum Exporting Countries (OPEC) price of basket of thirteen crudes stood at $106.41 a barrel on Tuesday, compared with $104.85 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend…
NIMASA Donates Medical Equipment to Hospitals in Abuja The Nigerian Maritime Administration and Safety Agency (NIMASA) has donated medical equipment to some hospitals in the Federal Capital Territory (FCT) Abuja. Presenting the items, the Director General of NIMASA, Dr Bashir Jamoh who was represented by the Director Special Duties, Mr. Isichei Osamgbi, explained that the…
Kyari Accuses Religious Groups and Communities for Involving in Oil Theft The Group Chief Executive Officer of the Nigeria National Petroleum Corporation Limited (NNPCL), Mele Kyari, has blamed communities, religious groups and other vested interests involvement in oil theft in the country. Kyari stated this at the weekly Ministerial Media Briefing organized by the Presidential…
The Third Largest River in the world is Drying Up – As China suffers worst drought in more than 4 decades – Country’s manufacturing sector struggles from power outages Reports emanating from China have detailed the country’s struggle with one of the worst heat waves in recent history leading to its largest river, The Yangtze…
