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NCDMB, partners to produce 10% local LPG demand
The Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to work with select partners to produce Liquified Petroleum Gas (cooking gas) that would meet 10 percent of current nationwide demand. The Executive Secretary of the NCDMB, Engr….
NNPC potss 353% trading surplus for September
The Nigerian National Petroleum Company Limited (NNPC) Limited has announced a trading surplus of ₦37.50billion for the month of September 2021 representing a 352% increase from the ₦8.29billion surplus in August 2021. Details of the figures contained in the September…
Russia bombs Europe’s largest nuclear power plant
(Agency reports) Russian forces pressed their attack on a crucial energy-producing city by shelling Europe’s largest nuclear plant early Friday, sparking a fire and raising fears that radiation could leak from the damaged power station, according to Associated Press. Plant…
OPEC+ ministers meet as demand outlook dips
Sopuruchi Onwuka Ministers from the Organization of Petroleum Exporting Countries and its coalition members hosted in OPEC+ are scheduled to meet on March 2 to confirm additional output by 400,000 bpd in April. The meeting comes amidst outlook that global…
Barkindo: Oil demand outlook command $11.8 trn investment
Sopuruchi Onwuka The need to bridge supply gaps emerging from medium to long term energy demand outlook requires significant $11.8 trillion petroleum industry investment in building capacity for production of additional 77 million barrels of oil equivalent (mboe) in the…
Climate change: Nigeria to sustain dual energy policy
Sopuruchi Onwuka President Muhammdu Buhari has restated the resolve of the Nigerian government to drive dual energy policy of remaining a major source and consumer of fossil energy while aligning with the global trend for energy transition. President Buhari whose…
IPPG demands enhanced operating environment
Sopuruchi Onwuka The indigenous petroleum producer group has called on the government to arrest worsening security and safety issues that have traditionally bedeviled the Nigerian upstream oil and gas industry operations. Chairman of the Independent Petroleum Producers Group, Mr Abdurasaq…
War in Ukraine: FG processing 479 Nigerians for evacuation
Sopuruchi Onwuka Federal government has declared custody of some 479 Nigerians struggling to find their way home from the war ravaged Ukrainian cities following the invasion of the country by neighbouring Russia and worsening humanitarian situation in the country where…
Stakeholders tour NCDMB facilities in N’Delta
The Nigerian Content Development and Monitoring Board (NCDMB) has kicked off a tour of its facilities in the Niger Delta regionwith stakeholders, to showcase and sensitize them of its projects and programs in the area. The tour which began in…
NLNG names Prof. Nnaji as Science Prize Board chair as 2022 cycle begins
In flagging off the 2022 cycle of the Nigeria Prize for Science, Nigeria LNG Limited (NLNG) has announced the appointment of Professor Barth Nnaji, a renowned scientist and former Minister of Power, as the chairperson of the Advisory Board for…
