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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 Will Hit 2.2mbd Oil Output In 2023 – Kyari

OrientEnergyReview Jan 13, 2023 0

Encouraged by the recent improvements in the oil production output in Nigeria, the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has said that the country could hit 2.2 million…

NEWS

Nigeria’s Economy Suffers Low Energy Costs, Slow Output Growth, Others – W/Bank

OrientEnergyReview Jan 12, 2023 0

The World Bank has said that the growth of the Nigerian economy weakened to 3.1% in 2022 and will further decelerate to 2.9% this year owed to low energy costs, high borrowing costs, slow growth in oil production and subdued oil-sector…

Oil And Gas

Nigeria: Environmental Rights Group Hails NUPRC Over Oil Well Ownership Disclosures.

OrientEnergyReview Jan 12, 2023 0

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been commended over its decision to identify the real owners of all lease and licence holders operators in Nigeria’s oil and gas sector. In a statement issued in Abuja…

NEWS

AfDB Launches Model For Deploying Green Financing In Africa

OrientEnergyReview Dec 2, 2022 0

The African Development Bank is boosting the promotion of resilient, green and sustainable growth, with the launch of the African Green Bank Initiative The initiative, which was presented at the just-concluded UN Climate Change…

Oil And Gas

Chevron To Ship First Venezuelan Oil To The U.S. By Year-End

OrientEnergyReview Dec 1, 2022 0

Later this December, Chevron will ship the first oil cargo from Venezuela to the United States, after the U.S. Administration issued a six-month license allowing the supermajor to extract and export oil from the South American country. …

POWER SECTOR

UAE Adopts New Law To Regulate Linkage Of Renewable Energy Production Units

OrientEnergyReview Nov 25, 2022 0

…plans to invest $160bn in clean, renewable energy in 3 decades The UAE plans to invest $160 billion in clean and renewable energy sources over the next three decades. In this regard, the UAE has approved a new federal law regulating…

Oil And Gas

JGC, Technip Energies Secure FEED Contract For Nigeria’s FLNG Project

OrientEnergyReview Nov 23, 2022 0

JGC Corporation, in partnership with Technip Energies, has secured a contract with UTM FLNG Limited for the front-end engineering and design (FEED) of the floating liquified natural gas (FLNG) facility project in Nigeria. Last year, UTM…

Oil And Gas

Nigeria: Price Of Cooking Gas Rises By 0.21%

OrientEnergyReview Nov 22, 2022 0

The Nigerian Bureau of Statistics has said that the average price of 5kg cooking gas increased from N4,474.48 in September to N4,483.75 in October, representing a 0.21% rise. In its ‘Cooking Gas Price Watch’ for October 2022 released…

Oil And Gas

Russia Removes Exxon From Major Oil and Gas Project

OrientEnergyReview Oct 19, 2022 0

Russia has removed Exxon as a shareholder from the Sakhalin-1 oil and gas project and transferred its stake to a Russian business entity. Exxon said this amounted to expropriation and that it had pulled out from Russia as a whole, the…

Oil And Gas

Tompolo Uncovers More Illegal Oil Pipelines In Niger Delta

OrientEnergyReview Oct 19, 2022 0

An oil pipeline surveillance team contracted by the federal government to check crude oil theft, Tantita Security Services Nigeria Limited, has reportedly discovered more illegal crude oil pipelines attached to Trans Forcados Export…

NEWS

Saudi Arabia Announces $400 Million In Aid To Ukraine

OrientEnergyReview Oct 18, 2022 0

Saudi state media announced Saturday that the kingdom will provide $400 million in humanitarian aid to Ukraine, following a Friday phone call between Crown Prince Mohammed bin Salman and President Volodymyr Zelensky. SPA stated of the…

NEWS

Global Energy Crisis Drives Demand for Nuclear Power in Asia

OrientEnergyReview Aug 29, 2022 0

Asia is giving the once-shunned nuclear power industry a second lease on life, thanks to the global energy crisis. Governments in Japan and South Korea are removing anti-nuclear policies, while China and India are looking to build more…

Oil And Gas

Oil to Rebound to $125 in Coming Months, UBS Says

OrientEnergyReview Aug 26, 2022 0

Demand for crude in non members of the Organisation for Economic Co-operation (OECD) countries that account for 54% of the total demand globally remains strongOil prices are likely to rebound to $125 in the coming months due to tight…

NEWS

Russia Applies Huge Discounts To Counter U.S. Oil Price Cap Push

OrientEnergyReview Aug 25, 2022 0

The United States and its allies are ramping up efforts to achieve the price cap proposal on Russian oil. To counter this, Russia is said to be racing to secure long-term deals with Asian buyers to sell discounted oil. According to…

Oil And Gas

India Ramps Up Saudi Crude Purchases, But It’s Not A Gesture To Washington

OrientEnergyReview Aug 25, 2022 0

India’s major shift in its oil purchasing pattern last month from Russia to Saudi Arabia has been interpreted by many global oil market participants as an early sign that the role Washington had envisioned for the country at the time of…

Oil And Gas

Iran Deal: What Are The Implications For The Oil Market?

OrientEnergyReview Aug 24, 2022 0

If the chance to revive the deal falls apart, tougher sanctions could cut another 500,000 barrels per day or so from Iranian oil exports. Iranians often compare their country’s shape to a cat. The nuclear deal with the US, EU and other…

Oil And Gas

Oil Rally Loses Steam on Fears of Global Economic Slowdown

OrientEnergyReview Aug 22, 2022 0

Oil prices continued to oscillate, edging lower for the week over concerns about a slowing global economy and weaker fuel demand, after rallying on strong US economic data and a large draw of American crude inventory. Brent, the…

Oil And Gas

Ending oil theft debacle

OrientEnergyReview Aug 19, 2022 0

Nigeria is unable to meet its Organisation of Petroleum Exporting Countries (OPEC) monthly oil production quota in over five years, no thanks to oil theft, which continues to thrive in the country. And with a daily loss to this nefarious…

NEWS

NNPC Confirmed as Diamond Sponsor of African Energy Week 2022

OrientEnergyReview Aug 19, 2022 0

The Nigerian National Oil Company has joined Africa’s premier event for the oil and gas industry as a diamond sponsor, speaking to the caliber of the event as the premier forum driving investment in African energy Representing the…

Oil And Gas

Understanding Nigerian Oil New Dawn

OrientEnergyReview Aug 19, 2022 0

The new Act confirms that Africa is taking control of its own resources and setting the agenda for how they will be deployed The recent passing of Nigeria’s new petroleum act heralds an exciting new chapter for Africa’s energy sector.…

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