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,…
Experts brainstorm way forward at the Nigerian Petroleum Downstream Industry and ARDA Virtual Workshop The Nigerian Petroleum Downstream Industry, in collaboration with African Refiners and Distributors Association, hosted a virtual workshop aimed at addressing key challenges and outlining strategies to ensure a sustainable future for the petroleum downstream sector. The workshop focused on risk management…
Maritime Stakeholders commend NPA for Ease of Doing Business Following the improved cargo delivery system occasioned by the introduction of barges, stakeholders in the maritime sector and licensed customs agents have commended the Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko for the massive improvement in the ease of doing business at the…
NLNG Joins U.N. Group to Reduce Methane Emissions, Pursues Decarbonisation Nigeria LNG Limited (NLNG) has joined the Oil and Gas Methane Partnership (OGMP 2.0), a partnership coordinated by the United Nations Environment Programme (UNEP) to reduce methane emissions and improve the accuracy and transparency of methane emissions reporting. The move is a further step in…
Digital Industries Ltd Signs AVEVA Select Partnership Agreement to Grow its Footprint in East, West Africa Regions Digital Industries has announced that it has become an AVEVA Select partner for the East and West Africa regions to deliver AVEVA’s full portfolio of leading-edge industrial software solutions to customers that will help them become more sustainable…
Major Products Draws Send Oil Prices Higher Crude oil prices climbed today, after the U.S. Energy Information Administration, EIA, reported another weekly build in crude oil inventories of 1.1 million barrels. That compared with a build of 1.6 million barrels for the previous week. The authority also reported major draws in fuel inventories for the…
