NDDC Pledges Development Projects for Abia Oil Communities The Niger Delta Development Commission, NDDC, has pledged to address the challenges facing oil-producing communities in Abia State, as well as provide them with more impactful development projects. The representative of Abia State on the Board of the NDDC, Chief Eruba Dimgba, made the pledge during a…
Asia Spot LNG Prices Fall To 7-Week Low On Tepid Demand, Improved Supply Asian spot liquefied natural gas (LNG) prices fell this week to a 7-week low despite cold weather, as demand remains muted and global supply conditions ease after recent maintenance and geopolitical tensions. The average LNG price for January delivery into north-east Asia…
OPEC+ May have Played Its Final Card with Voluntary Crude Cuts The additional crude output cuts by OPEC+ should do two things, and neither of them is likely to please the group of oil exporters. Firstly, the reduction of about 2.2 million barrels per day (bpd) for early next year should put to rest the…
Arsenio Dominguez Confirmed As Next IMO Secretary-General Arsenio Antonio Dominguez has been confirmed as the next Secretary-General of the International Maritime Organisation (IMO) in a unanimous vote. The IMO Assembly unanimously on Thursday approved the decision of the Council at its 129th session to appoint him to the role. Dominguez will take up the office…
NNPC/SNEPCo remodeled Arrival Hall lights up Lagos Airport The Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo), on Friday, inaugurated a new-look Arrival Hall “E” at Murtala Mohammed International Airport (MMIA) Lagos, which has been remodelled to help ease immigration checks. Among other improvements, the arrival hall was redesigned and redecorated…
COP28: OPEC to Host Special Pavilion OPEC will send a delegation to the COP28 in Dubai and host a special pavilion there, the group said in a press release, adding that the delegation will be led by secretary-general Haitham al Ghais and include experts from OPEC’s Environmental Matters Department. “We are immensely proud that our…
Vitol will pay to Reopen Australian Coal Mine Commodity trading major Vitol will fund the restart of a coal mine in Australia that has not been operational in 16 years. The company will provide $60 million for the mine, Dartbrook, which will be operated by a joint venture between Australian Pacific Coal and Tetra Resources….
Hybrid Solar-Powered Company, Daystar, to Install 4.2mwp Solar Plant for Nigerian Breweries Daystar Power, a leading hybrid solar power solutions provider for businesses and industrial manufacturers in Africa, signed an agreement with Nigerian Breweries to install and operate a 4.2 megawatts peak, MWp, solar plant and 2MWh battery storage system. The installation will be one…
Farouk Accuses IEA of becoming an Impediment to Successful Energy Transition The African Petroleum Producers’ Organization, APPO has accused the IEA of becoming an impediment to an inclusive and successful energy transition, noting that the Agency is unable to come to terms with the global reality for phasing down oil and gas. This position was…
Dismal Electricity in Nigeria may not Likely Affect CNG Plan Execution In about 3 months, Nigerians will be expecting the delivery of compressed natural gas (CNG) infrastructure, as promised through the agreement between the Nigerian National Petroleum Company Limited (NNPCL) and Nipco Gas Limited. Under the agreement between both entities, Nigeria’s plan for CNG rollout,…
