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Energy
Venezuela Hikes Diesel Prices After Cutting Fuel Subsidy
By Moses Patience Chat
Venezuela, a country in South America and a Founding Member of the Organization of Petroleum Exporting Countries (OPEC), has capped the prices of diesel for industries at $1 per gallon after!-->!-->!-->!-->!-->…
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Nigerian Estate Developer Delivers Solar-Powered Houses In Lagos
By Moses Patience Chat
As part of his contribution to eliminate air pollution and solve the crisis caused by the high cost of diesel for various estate dwellers in Nigeria, a real estate developer, Dr. Kennedy Okonkwo, on!-->!-->!-->!-->!-->…
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Nigeria Loses N1.5m for Each Imported Barrel of Oil- MOMAN
Adaobi Rhema Oguejiofor
The Major Oil Marketers Association of Nigeria (MOMAN) has said that, for failing to fix its dilapidated 445,000 barrels per day (bpd) refineries, which are located in Port Harcourt, Kaduna and Warri,!-->!-->!-->!-->!-->…
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Use Savings from Subsidy Removal to Reduce Hardship on Nigerians- PENGASSAN to FG
Adaobi Rhema Oguejiofor
The General Secretary of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Lumumba Okugbawa, has urged the Federal Government to reduce hardship on Nigerians due to petrol!-->!-->!-->!-->!-->…
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Nigerian Military Destroy 30 Illegal Refineries in 3 Weeks
By Moses Patience Chat
Troops of Operation Delta Safe discovered and destroyed 30 illegal refining sites,125 storage tanks, 227 ovens, 11 dugout pits, and 21 wooden boats while conducting Operation Octopus Grip in the Niger Delta!-->!-->!-->!-->!-->…
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PIA to Help Nigeria Gain Revenue from Fines- MOMAN Chairman
Adaobi Rhema Oguejiofor
The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN) has said that the country would gain revenue from fines and sanctions collected in the oil and gas sector, following the implementation!-->!-->!-->!-->!-->…
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Financing SDG7: IRENA, UN to Discuss at High Level Political Forum
Adaobi Rhema Oguejiofor
The International Renewable Energy Agency (IRENA) has revealed that it will be co-organizing a roundtable discussion on financing Sustainable Development Goal 7 (SDG7) at the 2023 United Nations (UN)!-->!-->!-->!-->!-->…
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Nigeria’s $5bn Floating LNG Project Gets Presidential Backing
By Moses Patience Chat
President Bola Ahmed Tinubu on Wednesday supported the implementation of a $5 billion Floating Liquefied Natural Gas (FLNG) project in the country.
The President gave the support when he received a group of!-->!-->!-->!-->!-->!-->!-->…
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NNPC Misses Own Deadline for IPO Issuance
By Moses Patience Chat
The Nigerian National Petroleum Company (NNPC) Limited has failed to meet the deadline for the start of its initial public offering.
This was revealed in the country's oil company quarterly report, which!-->!-->!-->!-->!-->!-->!-->…
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Nigeria Levels Up with Angola as Africa’s Biggest Crude Oil Driller
By Moses Patience Chat
Nigeria has caught up with Angola in the drilling of crude oil, as both nations are now the biggest crude oil drilling markets in Africa, according to data from the June 2023 Offshore Rigs Tracker, released on!-->!-->!-->!-->!-->…
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