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TotalEnergies Plc yesterday said that by 2030, it will be investing $60 billion in renewable energy projects. It noted that 10 per cent of the investments will be in Nigeria. The company’s Executive General Manager, Mrs. Bunmi…
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the high volume of daily consumption, the country cannot sustain subsidy payment.... Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the federal government is injecting between N140…
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•Insist 10% equity to host communities must stand •Say host communities unsuitably defined, criminalized •Argue oil states ought to have rights of first refusal to acquire shares Barely a few days to the June 30 target of getting…
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South Sudan’s Ministry of Petroleum (MoP) officially launched the country’s first-ever oil and gas licensing round in Juba on Wednesday; Hosted by the MoP and attended by industry executives and international stakeholders, the event…
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China has developed a form of unmanned, levitating monorail train. The China Railway Science and Industry Group Corp is the foremost Chinese cooperation that handles such projects. The train itself is a skytrain with a maximum capacity of…
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Vienna, Austria, 23 June 2021--The 135th Meeting of the Economic Commission Board (ECB) of OPEC continued its deliberations today, Wednesday, 23 June 2021, via videoconference. The Organization of the Petroleum Exporting…
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The Federal Government has rolled out plans to ensure the use of Liquefied Petroleum Gas, LPG, as cooking fuel grows from the current five per cent to 90 per cent in the next ten years. The government expressed concern that over 900,000…
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The Organisation of Petroleum Exporting Countries(OPEC) and its allies are considering a further easing of oil output cuts from August as oil prices rise on demand recovery. However, no decision had been taken yet on the exact volume to…
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A week before the latest deadline to pass Nigeria’s long-awaited oil overhaul bill, demands for big changes, including from community leaders seeking an increased share of revenues, could push its passage into late this year, four sources…
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The Nigerian National Petroleum Corporation (NNPC) says smuggling across the borders has increased the daily consumption of Premium Motor Spirit (PMS) to 103 million litres per day in May. Vanguard reports that the Group Managing…
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