Industry

The government of Morocco is considering setting up a downstream division of state-owned ONHYM to manage domestic natural gas infrastructure, including a project to deliver gas by pipeline from Nigeria to Morocco through 13 countries. …
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"The project was in tandem with the federal government’s desire to make gas the country’s transition fuel, available to all end-users across the country" The Nigerian National Petroleum Corporation (NNPC) Limited has signed an…
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Some militant groups in the Niger Delta have risen to defend Adokiye Tombomieye, Chief Operating Officer (COO), Nigerian National Petroleum Corporation (NNPC), Upstream Sector, over allegation that he masterminded the controversial…
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Exploring the rise of electric cars and their impact on the global economy, from the auto and power industries to oil and mining sector. The question has always been will electric cars scrap fossil fuels out of the global market or…
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When Covid-19 restrictions hit the world's economy, global uncertainty drove most commodity prices down. April 20th 2020, marked a turning point in the history of the oil market with the US benchmark price for crude oil falling below…
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The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has described fuel subsidy as a major waste and a drain on the Nigerian economy, saying the government plans to replace it with transport subsidy to assuage the…
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"Total was ready to increase its participation in Nigeria’s oil sector especially with the recent signing of the Petroleum Industry Act (PIA) into law by President Buhari" TotalEnergies and Islamic Development Bank (IDB) on…
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...Says no sustainable development without infrastructure President Muhammadu Buhari has assured investors that investment in gas remains a top priority for the country, considering the huge benefits in terms of returns and utility.…
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Our Reporter with Agency Reports A group of young climate activists delivered a sharp rebuke to delegates at the COP26 climate summit Thursday, demanding that a fossil fuel non-proliferation treaty be put in place and calling out…
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The Organization of Petroleum Exporting Countries (OPEC) has said Africa’s proven oil reserves reached 126 billion barrels in 2019, with Nigeria having 36.9bn, which is about 29 per cent of the continent’s total reserves. OPEC…
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