Industry

-Benjamin Ike The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the…
Read More...

-By Gideon Osaka Agitations over perceived marginalisation of the South-South region in the distribution of national oil wealth and resources was freshly reignited recently when a group from the region issued strong condemnation over…
Read More...

-Fred Ojiegbe (with APO Group) The African Energy Chamber has become a signatory to the Equal by 30 Campaign which calls for equal pay, equal leadership, and equal opportunities for women in the clean energy sector by 2030. The Chamber…
Read More...

-By Fred Ojiegbe The loss of billions of dollars through gas flaring has continued despite the target by the Federal Government to end the practice this year and at a time the government revenues are stretched by the impact of the…
Read More...

-By Fred Ojiegbe The local content aspects of the Nigerian oil and gas industry came under the spotlight recently as the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act clocked 10 years. The NOGICD Act…
Read More...

-By Gideon Osaka The crash in global demand for liquefied natural gas appears to pose a threat to Nigeria’s revenue from the export of the commodity. Nigeria, which is among the top 10 largest exporters of the LNG in the world, has a…
Read More...

-By Gideon Osaka It has emerged that one of the oil market’s most obvious signs of oversupply, millions of barrels being stored on tankers all over the world, is showing very tentative signs of shrinking. According to S&P Global…
Read More...

Fred Ojiegbe (with APO Group) As global markets think of the post-Covid-19 world and how the pandemic will reshape business models worldwide, African countries are coming to terms with a bitter reality: the continent has still not…
Read More...

-By Gideon Osaka National oil companies (NOCs) globally are estimated to cut exploration budgets by 25 percent on average in 2020, says Wood Mackenzie, a Scotland, United Kingdom – based energy research and consultancy firm. The…
Read More...

-By Fred Ojiegbe As different countries of the world begin to ease lockdown, the global oil market is responding to the development with positive rise in prices of crude oil. In recent times, there was a recent drop in supply glut…
Read More...