Venezuela’s Commercial Oil Exports Nearly Halted as Reviews Expand Expanded oil export contract reviews at Venezuela’s state-run PDVSA have nearly halted all commercial crude and fuel releases, as officials seek to match past invoices with payments, according to documents and people familiar with the matter. An anti-corruption probe has led to the recent arrests…
IPMAN says FG not committed to Seeing Refineries Work The Independent Petroleum Marketers Association of Nigeria, IPMAN, has accused the President Muhammadu Buhari administration of lacking the commitment to fix the Port Harcourt refinery and other federal=government-owned refineries, after almost eight years in office. This is as the Minister of State for Petroleum Resources Chief…
Some of Africa’s leading lights in the Energy Sector to Speak at Enlit Africa Event in May. A flagship annual industry event since 2000, Enlit Africa offers more than 5000+ attendees, representing the entire power and energy value chain, multiple opportunities to meet, do business and inspire each other, driving energy action into a working…
NDDC to Partner Universities on Problem-Solving Researches The Niger Delta Development Commission, NDDC, has charged Nigerian universities to devote more energy in research to help in finding solutions to the problems bedeviling the society. To this end, the Commission has expressed its readiness to partner with universities in the Niger Delta region on problem-solving researches…
Addressing Energy Access, a Key Discussion Point at Enlit Africa in Cape Town …Africa at an intersection between affordability, reliability and access to power. The challenge of improving access to energy will be addressed at the upcoming Enlit Africa conference and expo when it returns to Cape Town from 16–18 May 2023. On 17 May,…
Stakeholders outline strategies for sustainable petrol subsidy removal Stakeholders in Nigeria’s midstream and downstream sectors have urged the Federal Government to address key challenges and outline strategies for a sustainable future in the petroleum downstream sector. The appeal was made during a virtual online workshop with the theme “Deregulation of the Nigerian downstream sector: The…
NCDMB Trains Local Companies on Quality Management Systems As part of efforts to build, improve and increase the capacity of Nigerians in the oil and gas sector, the Nigerian Content Development and Monitoring Board, NCDMB has embarked on the training of indigenous companies on Quality Management Systems, QMS. The QMS training, which is ongoing in…
LNG Shipping Rates Fall to a 7-Month Low as Gas Prices Drop LNG freight rates for Atlantic Basin spot LNG cargoes, slid to below $50,000 per day on Thursday, the lowest level in over seven months, as natural gas prices in Europe drop with peak winter demand behind us. The Spark30S Atlantic LNG freight rates,…
China to Launch New Renewable Energy Pilot Scheme for Rural Areas China is pressing ahead with plans to accelerate the already rapid rollout of renewable energy by developing clean energy in rural areas under a new action plan unveiled by authorities on Thursday. China’s provincial governments are expected to identify ‘pilot counties’, areas they consider…
French Strikes Disrupt Power Infrastructure Disrupt Power Infrastructure Strikes over the French government’s controversial pension reform plan have now entered their 16th day and are weighing on the power sector, refineries, LNG terminals and even disrupting nuclear reactor maintenance. The ongoing protests are in response to President Emmanuel Macron’s proposed changes to the pension system,…
