What does High Oil Price Mean to Nigeria? Since 2021, oil price has been increasing due to OPEC’s decision to maintain a 400,000 additional output to the market every month. Amid the price war between Russia and Saudi Arabia as well as the impact of Covid-19 pandemic in the first quarter of 2020, OPEC+, agreed…
Environmental, Social and Corporate Governance ESG an imperative for long term mining in Africa have taken a prominent role in decision-making across the African mining sector, with intensified awareness from all stakeholders. This is why the 2022 Investing in African Mining Indaba will be exploring what ESG means in practice for Africa’s mining operators, communities…
The 21st edition of Nigeria’s foremost energy event, NOG Conference and Exhibition is set to hold in person at the International Conference Centre, Abuja from 4 – 7 July 2022 with Experts To Discuss Global Opportunities For Nigeria Energy Sector At NOG 2022 . DMG Nigeria events, the organisers of the event stated that NOG 2022…
REAN Gets New Executive Secretary – Salamatu Baba Tunzwang, a seasoned project manager and business development consultant, is now the new Executive Secretary of the Renewable Energy Association of Nigeria (REAN). A statement by the Head of Communications at REAN, Chioma Ome, said that Tunzwang whose work experience spans across telecom, banking, and development sectors…
The Nigeria LNG Limited NLNG Commissions Consulate on Bonny Island, a 19th-century historic landmark in Bonny Kingdom that was reconstructed as part of plans to boost tourism in the kingdom. The NLNG had in 2019 flagged off the construction of the building to restore the memory of the ancient monument in Bonny kingdom. A statement…
The ongoing disruptions in the international energy industry present a unique opportunity for the Nigerian oil and gas industry to attract investments and serve as one of the leading hubs to meet global energy needs as the world focuses on Global Energy transition. The Executive Secretary of the Nigeria Content Development and Monitoring Board, (NCDMB) Engr….
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The largest private sector gas distributor in Nigeria, Axxela gets new shareholder following Helios Investment Partners, the Africa-focused private investment firm, sale of its 25 percent interest in Axxela to Sojitz Corporation, one of the leading conglomerate investment and trading houses listed on the Tokyo Stock Exchange, while retaining a 75 percent interest in the…
L-R: Mr. Felix Obike, Vice Chairman, SPE Nigeria Council; Prof. Olalekan Olafuyi, Chairman, SPE Nigeria Council; Engr Simbi Wabote, Executive Secretary/CEO, Nigerian Content Development and Monitoring Board (NCDMB) and Mr. Nicolas Odinuwe, Chairman, Petroleum Technology Association of Nigeria (PETAN) during the 2022 Oloibiri Lecture Series and Energy Forum (OLEF) on ‘Global Energy Transition Implications on Oil and Gas Investment’ organised…
Delta State Governor Commends Heritage Energy Operational Services for Exemplary Local Content Practices Heritage Energy Operational Services Limited (HEOSL), operator of OML 30 Joint Venture between the Nigeria Petroleum Development Company (NPDC) and Shoreline Natural Resources Limited (SNRL) has been commended by the Delta State Government for exemplary compliance with the local content policy of…
