President Bola Tinubu has expressed the commitment of his administration to implementing intervention programmes to mitigate the short-term effects of the fuel subsidy removal on the most vulnerable Nigerians. President Bola Tinubu made the commitment while speaking at the Official Opening of the 7th Edition of the Nigeria International Energy...
In a bid to resolve the protracted host communities' issues in the oil-producing region of the country, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated the Host Community Development and Administration Trust Board of Trustees (BOT) Forum. The NUPRC's Head of Public Affairs and Corporate Communications, Mrs. Olaide Shonola...
The Federal Government has announced plans to ban the exportation of Liquefied Petroleum Gas (LPG) commonly called cooking gas to crash the rising prices. Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo disclosed this while speaking at the Internal Stakeholders' Workshop in Abuja on Thursday, February 22, 2024. He...
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has revealed that over 70 percent of its dollars is wasted on vehicle repairs due to bad roads across the country, calling on the Federal Government to fix the roads so as to reduce its operation costs. NOGASA President, Chief...
Normalcy has returned to the disrupted fuel distribution chain across the country as the Nigerian Association of Road Transport Workers (NARTO) suspended its two days industrial action after an exhaustive dialogue with the Federal Government. Rising from the marathon meeting with NARTO, Major Oil Marketers Association of Nigeria (MOMAN), Nigeria...
In an effort aimed at promoting gender inclusivity in the oil and gas industry, the Nigeria International Energy Summit (NIES) has announced the integration of the Women in Energy Roundtable as a central pillar of its highly anticipated 7th edition, set to unfold from February 26th to March 1st,...
Organizers of the upcoming 7th Nigeria International Energy Summit (NIES 2024) have introduced a new session tagged the Nigerian Petroleum Producers’ Forum to drive cooperation and collaboration. With the sub-theme, "Innovation, Collaboration, and Resilience: Empowering Independent Producers in the Dynamic Energy Era", the session will be a platform for industry...
The NNPC Ltd/TotalEnergies Joint Venture has announced an achievement of zero routine gas flare in all its assets. This is in meeting the targets of 20% unconditional and 47% conditional greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord signed by the President Bola...
Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash on country indebtedness, TotalEnergies CEO Patrick Pouyanne said Wednesday. Pouyanne said currently electricity projects in Africa suffer from "a problem of solvency... you have a risk not to...
The Petroleum Technology Development Fund (PTDF) has clarified that its scholarship selection process is conducted through a rigorous and merit-based approach, and not an allocation of slots. PTDF's Head of Press and External Relations, Kay-Hambolu Dupe Bella, made the clarification in a statement on Monday, February 12, 2024. The Fund noted...