Oil Wells: Rivers, Bayelsa to Settle Out-Of-Court Rivers State Governor, Sir Siminalayi Fubara, and the Bayelsa State counterpart, Senator Douye Diri, have agreed to work together to achieve out-of-court settlement on issues concerning property jointly owned by both states, particularly the Soku oil wells. For over two decades, Rivers and Bayelsa have been at loggerheads…
African Energy Chamber (AEC) Endorses Libya Energy & Economic Summit 2024 …The Libya Energy & Economic Summit 2024 takes place under the theme ‘A New Libya: Built on Energy’, from 13 – 14 January, 2024 at the Rixos Convention Centre in Tripoli Libya is making significant strides towards unlocking the full potential of its oil…
Nuclear Fusion: Korea’s “Artificial Sun” receives Upgrade to Resist Temperatures There has been a significant progress in nuclear fusion following an upgrade of Korea’s “Artificial Sun”. This upgrade will enable it to hold out against temperatures six times above the centre of the sun. According to NASA, the sun temperature varies from around 27 million…
High Court Awards N500m Damages against Customs for Sealing Auto Shops A Federal High Court sitting in Lagos has ordered the Nigeria Customs Service (NCS) to pay the sum of N500 million in damages to the Registered Trustees of Auto Dealers in Lagos for illegally sealing the shops of its members since 2019. Justice Abimbola…
Enhancing Expertise in GAS and CNG Nigerian Gas Association (NGA), Learning Solutions Training Event Series titled “Enhancing Expertise in Gas and CNG” is a training program is designed to provide participants with comprehensive knowledge and skills in natural gas and compressed natural gas (CNG). This program aims to empower professionals in the energy sector, engineers,…
Minister anticipates 2 million barrels per day crude oil production in 2024 The Minister of State for Petroleum Resources, Heineken Lokpobiri has said that he anticipates a crude oil production of 2 million barrels per day in 2024. According to a January 2 Arise News report, the Minister said that during the year, the country…
MAN anticipates tough start for manufacturing sector in 2024 The Manufacturers Association of Nigeria (MAN) has projected a tough start to 2024 for the manufacturing sector but expects improvements towards the third quarter. The Director General of the group Mr. Segun Ajayi-Kadir stated this during an interview with the News Agency of Nigeria (NAN) on…
Oil Rises on Inventory Draw Crude oil prices moved higher today after the Energy Information Administration reported an estimated inventory decline of 6.9 million barrels for the week to December 22. This compared with a sizeable build in crude oil stocks for the previous week, at 2.9 million barrels. A day earlier, the American Petroleum…
11 Tips to Increase Household Energy Efficiency …Simple actions like turning off lights, adjusting the thermostat, and using energy-efficient appliances can lower our energy consumption Energy is important in our daily life, and how to efficiently utilize and store energy is a hot topic recently. This not only provides financial advantages, helping us save money…
Nigeria Earmarks N337bn for Power Projects in 2024 Federal Government of Nigeria consecrates N336.878 billion for capital projects in the power sector for the 2024 fiscal year. In the 2024 Appropriation Bill presented to the National Assembly, the Federal Government is proposing total allocation of N344.097 billion to the Ministry of Power, out of which…
