Stakeholders kick as FG launches new National Welding Policy There seems a bit of confusion on which is louder between the applause from the Monday, December 4, launch of the National Welding Policy by the Federal Ministry of Science, Technology and Innovation (FMSTI) and the outright rejection of the policy by many industry stakeholders. While…
FG to Revoke Unused Licenses for Oil Exploration The Federal Government is considering revoking oil exploration leases that were granted to companies by the Nigerian Upstream Petroleum and Regulatory Commission (NUPRC) but have remained unused without any exploration activities. Gbenga Komolafe, the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, emphasized that only…
Conference of the Parties (COP28): European Investment Bank (EIB) Global Presents First Just Resilience and Just Transition Approach to Meet Needs of Most Vulnerable …EIB Global backs projects through direct as well as intermediated lending through funds, banks, and micro-finance institutions The EIB is the first international financial institution to launch a just resilience…
Kyari Advocates for Just Energy Transition for Africa at COP 28 As conversations on finding sustainable solutions for a decarbonized energy future continue to hold globally, the Group Chief Executive Officer (GCEO), NNPC Ltd., Mr. Mele Kyari has said the African Continent needs “a just, differentiated transition” to enable it to harness its resources for…
Oil Down on Persistent Uncertainty over OPEC+ Supply Cuts Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decision and uncertainty over global fuel demand growth, although the risk of supply disruptions from the Middle East conflict limited the losses. Brent crude futures were down 0.6%, or 49 cents,…
FG Names Nigeria Delegates at COP-28 The Federal Government has noted with interest the public conversation on the number of delegates from Nigeria attending the ongoing Climate Summit in Dubai, otherwise called COP-28, and the need to provide clarity in line with a standing pledge to conduct itself with transparency and accessibility regarding public information….
Diesel-Laden Tanker Goes Up in Flames in Lagos Diesel-laden tanker went up in flames in the Ojota area of Lagos State on Monday morning. The incident was confirmed by the Lagos State Traffic Management Authority (LASTMA), via X(formerly Twitter) where it stated that its personnel had been deployed to the scene. It tweeted: “There’s a…
TotalEnergies Signs Investment Agreement for 1GW Wind Power Project On the occasion of the COP28 in Dubai, in presence of the President of Kazakhstan, Patrick Pouyanné and the Minister of Energy of Kazakhstan signed the Agreement on Investment (AoI) for TotalEnergies’ Mirny project. Largest wind energy project ever initiated in Kazakhstan, Mirny will supply more…
NUPENG Rejects Imposition of Leadership Tanker drivers in the oil and gas sector, under the aegis of the Petroleum Tanker Drivers (PTD), a branch of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) have thrown their weight behind Comrade Lucky Osezua as the authentic chairman. The group accused its parent body, NUPENG, of…
Kyari, Kerry, Moynihan, Others Discuss Climate Issues at COP28 in UAE Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari joined other global personalities on Thursday, November 30, 2023, in Dubai, UAE, to brainstorm on climate issues and its rising complexities. On the sidelines of the 2023 United Nations…
