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Orient Energy Review has Emerged to be the platform and voice for the ever growing Local Content Policy across the world, it is targeted at tracking the various trends and developments of Local Content in Nigeria, Ghana, Angola, Tanzania, Brazil, the rest part of Africa and the world.

Oil And Gas

Nigeria loses N2.2tn revenue to crude production delays –Report

OrientEnergyReview May 23, 2022 0

Nigeria lost a whopping N2.1 trillion as a result of crude oil production deferment in one year. The 2021 statistics, obtained by The PUNCH on Sunday from the Nigeria Extractive Industries Transparency Initiative, said the huge loss was…

Oil And Gas

Crushing the Burgeoning Menace of Crude Oil Theft, Bunkering and Pipeline Vandalism in Nigeria (11)

OrientEnergyReview May 23, 2022 0

To curb the large-scale activities of illegal pipeline vandals and crude oil thieves, who economically sabotage the nation of its resources, Operation DAKATAR DA BARAWO, a Hausa word for “stop the thief” kicked off on April 1, 2022. Four…

POWER SECTOR

NB Plc partners Konexa on renewable energy

OrientEnergyReview May 23, 2022 0

Nigeria's largest brewer, Nigerian Breweries Plc yesterday signed a historic power purchase agreement with Konexa, an integrated energy development and investment platform to deliver 100% renewable energy that will fully cover the…

NEWS

NNPC moves to stop $1.6bn Seplat, ExxonMobil deal with major counter-offer

OrientEnergyReview May 20, 2022 0

Following reports on the failed assets acquisition deal between Seplat Energy and ExxonMobil, investigation has shown that the state oil company, the Nigerian National Petroleum Corporation, has made a mouth-watering offer to acquire the…

POWER SECTOR

FG Fails to Allocate Over 1,300mw, Blackout Looms – Report

OrientEnergyReview May 19, 2022 0

Over 1000 megawatts of electricity are currently not allocated to power distribution companies (DisCos) despite low generation by Nigeria’s 23 power plants. Checks by The PUNCH on Monday revealed that the Transmission Company of Nigeria…

NEWS

Oil Giant Saudi Aramco’s First-Quarter Profits Surge 80%

OrientEnergyReview May 16, 2022 0

Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and surging oil prices following Russia’s invasion…

NEWS

Fuel Scarcity: IPMAN Seeks N500Bn Bridging Claims’ Payment To Marketers

OrientEnergyReview May 11, 2022 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the Federal Government to immediately pay marketers their bridging claims estimated at about N500 billion to enable them commence the lifting of petroleum…

NEWS

Three Things That Can Go Wrong at an Illegal Oil Refinery

OrientEnergyReview May 11, 2022 0

Years of government neglect and unemployment in Nigeria’s Niger Delta region have given rise to a widespread industry of illegally refining stolen oil. It is estimated that about 10% of Nigeria’s daily oil production is lost to illegal…

Oil And Gas

Stamping Out Illegal Refineries

OrientEnergyReview May 10, 2022 0

The recent fire explosion at an illegal oil refinery in Abaezi forest of Imo State has further exposed the inherent dangers associated with illegal refineries in the country. Not less than 150 persons were confirmed dead by the National…

Oil And Gas

Nigeria’s Private Refineries’ Operators Groan under Weight of Crude Scarcity As NNPC…

OrientEnergyReview May 5, 2022 0

The few small-scale refineries operating in Nigeria are facing a huge challenge of crude oil supply, as the Nigerian National Petroleum Company (NNPC) Limited continues to focus on exporting the commodity, THISDAY learnt yesterday. …

POWER SECTOR

Accessible Funding Imminent As EU Proposes Gas As ‘Green Energy’

OrientEnergyReview May 4, 2022 0

...........Proven reserves worth $803.4trn With the proposed designation of gas as ‘green energy’ by the European Union (EU), Nigeria would have great chances at accessing the needed funding to boost gas production to meet domestic and…

Oil And Gas

RenCap: With Oil Prices above $100 Per Barrel, Impact on Budget will Be Negligible

OrientEnergyReview May 3, 2022 0

A new report by Renaissance Capital (RenCap), a frontier market investment company, has stated that despite crude oil prices at over $100 per barrel, the impact on Nigeria’s fiscal position would remain negligible due to petrol subsidy…

Oil And Gas

Russia Oil Embargo: Mixed Reactions As EU Turns To Nigeria, Others For Supply

OrientEnergyReview May 2, 2022 0

Indications that the European Union (EU) may turn to Nigeria and other oil-producing countries for oil supply amid moves to approve an embargo on Russian oil, is generating mixed reactions. The New York Times reported last Friday, that…

NEWS

Nigeria: EU’s Labeling of Gas as Green Energy Raises Hope for Nigeria – Sylva

OrientEnergyReview May 2, 2022 0

Minister of State Petroleum Resources, Chief Timipre Sylva has disclosed that the European Union's decision to label natural gas resources as green energy has given Nigeria hope of successfully benefiting from its 207 trillion cubic feet…

NEWS

Ukraine War: Russia Trying to Divide Allies Using Gas – Poland

OrientEnergyReview Apr 28, 2022 0

The "era of Russian fossil fuel in Europe" is coming to an end, the European Commission president warned - hours after Moscow cut off gas exports to Poland and Bulgaria. Ursula von der Leyen said it showed Russia's "unreliability" as a…

NEWS

Nigeria’s Illegal Oil Refineries: Dirty, Dangerous, Lucrative

OrientEnergyReview Apr 28, 2022 0

The deaths of more than 100 people following an explosion at an illegal oil refinery in southern Nigeria has thrown a spotlight on the lucrative world of illicit refining, which the BBC's Mayeni Jones and Josephine Casserly have been…

NEWS

MCFA Launches Clean Cooking Financing Program in 6 African Countries

OrientEnergyReview Apr 27, 2022 0

The Modern Cooking Facility for Africa (MCFA) wants to finance companies providing clean cooking solutions in sub-Saharan Africa. To this end, the financing mechanism managed by the Nordic Environment Finance Corporation (NEFCO) is…

NEWS

Rystad: Oil Demand to Sink By 1.4m Bpd

OrientEnergyReview Apr 25, 2022 0

Global oil demand will drop by 1.4 million barrels per day, according to the latest forecast by Rystad Energy on Friday cited by the National. The 1.4 million bpd loss would sink oil demand to 99.6 million bpd on average, below 2019…

NEWS

Ukraine Pushes For Rerouting Of Nord Stream 1 Flows

OrientEnergyReview Apr 22, 2022 0

Ukraine is lobbying with its Western allies for the redirection of Russian gas flows from the Nord Stream 1 pipeline to the pipeline that runs through its territory, Reuters has reported, citing energy officials. According to the…

NEWS

Germany Pledges To Halt All Russian Oil Imports By End Of Year

OrientEnergyReview Apr 21, 2022 0

In Germany’s most definitive statement yet regarding Russian oil and gas imports, the German Foreign Minister has pledged that the country will cease importing Russian oil entirely by the end of 2022. While Germany will only gradually …

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