Industry

By Teddy Nwanunobi As record prices have made the fuel prohibitive for many consumers, Europe’s industrial sector has started to cut demand for natural gas. Average consumption to-date in October is 12 per cent, lower than its…
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"We need innovations, which is why we set up a $50 million research and development grant" Panelists at the recent Seplat Energy Summit in Abuja have identified finance, time, action, among others, as critical to Nigeria’s quest to…
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…As NNPC Plans to Rebuild Roads Under Tax Credit Scheme As a follow-up to its efforts in sustaining the current smooth supply and distribution of petroleum products nationwide within the festive period and beyond, the Nigerian…
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By Teddy Nwanunobi Reverting to gas usage in the country will go a very long way to solve the lingering crisis between the herdsmen and farmers. The Director of the National Gas Expansion Programme (NGEP) at the Ministry of…
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"Cash calls are requests sent by JV operators to non-operating partners for payment in the light of anticipated future capital" By Teddy Nwanunobi (with agency report) The Federal Government, through the Nigerian National…
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By Teddy Nwanunobi Kano State governor, Dr. Abdullahi Umar Ganduje, has removed Engr. Mu’azu Magaji as Executive Chairman, state NNPC/AKK Gas Pipeline Project and Gas Industrialisation Committee (KNSG-PDIC). This is the second…
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"The declaration provides the fulcrum for focusing effort and resources required at making gas the centrepiece of Nigeria’s economy by 2030" Timipre Sylva, Nigeria’s minister of state for Petroleum Resources has indicated that…
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The Department of Petroleum Resources (DPR) has promised to record N500 million increase over the N2.7 trilion revenue generated in 2020. Through this, DPR is targeting N3.2 trillion revenue in 2021, its director, Sarki Auwalu, has…
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By Teddy Nwanunobi Oil prices, on Monday, surged again, extending multi week gains as an energy crisis gripping major economies shows no sign of easing, amid a pick-up in economic activity and restrained supplies from major…
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"Such an attempt to deny them is null, void, and of no effect, because they are ready to resist it, using all legal means" By Teddy Nwanunobi No fewer than 17 local communities of Eastern Obolo Local Government Area of Akwa Ibom…
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