NNPC Ltd. and OPEC Forge Alliance to Bolster Investment and Production in Nigeria Abuja, Nigeria – In a move aimed at bolstering Nigeria’s oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Organization of the Petroleum Exporting Countries (OPEC) have pledged to collaborate on attracting investments and increasing the nation’s…
Aradel Holdings Clinches Best Fully Integrated Energy Company Award at NIES 2024 Aradel Holdings Plc emerged victorious at the 7th Nigerian International Energy Summit (NIES 2024), securing the coveted ‘Best Fully Integrated Energy Company of the Year’ award. The prestigious NIES Awards recognize excellence within the Nigerian energy sector, applauding individuals and organizations demonstrating technical…
NLNG Pushes for Digitalization in Nigerian Energy Sector at NIES 2024 Nigeria LNG Limited (NLNG) is urging players in the Nigerian energy industry to embrace digitalization. They believe it’s crucial for improving efficiency, reducing emissions, and staying competitive during the global energy transition. NLNG’s Deputy Managing Director, Mr. Olakunle Osobu, spoke during a panel discussion…
Namibian Minister Seeks Collaboration with Nigeria on Oil and Gas Development: Key Points and Additional Details A high-level meeting between Namibia and Nigeria took place on the sidelines of the Nigeria International Energy Summit in Abuja. Key Points: Namibian Delegation: Minister of Mines and Energy, Hon. Tom Alweendo, and Petroleum Commissioner, Mrs. Maggy Shino. Nigerian Counterpart: Minister…
OPEC Secretary General Hails Nigeria’s Leadership at NIES 2024 The 7th edition of the Nigeria International Energy Summit (NIES) witnessed a significant address from the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al Ghais. His speech focused on Nigeria’s crucial role in the organization and the energy sector at large….
Nigeria’s President Tinubu Addresses Energy Challenges at NIES 2024 President Bola Tinubu of Nigeria delivered a keynote address at the 7th edition of the Nigeria International Energy Summit (NIES 2024), highlighting the crucial issues of energy security, the removal of petroleum subsidies, and the need for a just energy transition. Represented by the Minister of…
Gas Industry must tread the Right Path for Nigeria’s Economic Transformation- Ekpo In his Gas Industry Address, Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, speaking at the opening ceremony of the 7th edition of Nigeria International Energy Summit (N.I.E.S 2024), called it a pivotal event that brings together key stakeholders in the…
Oil Prices Dip Despite Production Cut Hopes as Unexpected Inventory Build Emerges U.S. crude oil inventories unexpectedly surged, pushing oil prices lower despite anticipation of extended production cuts by OPEC+. The American Petroleum Institute (API) reported a significant rise of 8.428 million barrels for the week ending February 23, following a previous increase of 7.168…
Goldman Sachs Raises Brent Oil Summer Price Forecast to $87 per Barrel Oil prices are expected to rise this summer, according to Goldman Sachs, which has revised its forecast for Brent crude oil to $87 per barrel. This is $2 higher than their previous prediction and is due to faster-than-anticipated declines in oil inventories on…
OPEC+ Expected to Extend Oil Production Cuts into Next Quarter OPEC+ is anticipated to prolong its current oil production cuts into the next quarter to prevent a surplus and bolster prices. Saudi Arabia and its partners are set to decide early next month whether to extend approximately 2 million barrels per day (MMbpd) of curbs…
