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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.

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.…

POWER SECTOR

TCN Pleads With Labour to Shelve Strike Action

OrientEnergyReview Aug 17, 2022 0

The Transmission Company of Nigeria (TCN) has appealed to the electricity workers to suspend their proposed strike billed to begin on Aug. 17. Managing Director, TCN, Mr Sule Abdulaziz, made the appeal in a letter to the workers on…

POWER SECTOR

The Role of Hydrogen in Decarbonizing Transportation in Africa

OrientEnergyReview Aug 16, 2022 0

The contributions of transportation to global warming seem insignificant as the focus is mostly on the obvious sources of carbon emissions, such as observed in industries. Decarbonising the earth cannot be complete without considering…

NEWS

Nigeria Lost Over $1.9m in 5 Days Due to Disruption of Gas Supply to Ossiomo Power – Gov Obaseki

OrientEnergyReview Aug 15, 2022 0

The Edo State Governor, Mr. Godwin Obaseki, has said over $1.9million has been lost in the last five days as a result of the disruption of gas supply to the Ossiomo Power Plant in Ologbo, Ikpoba-Okha Local Government Area of the state. …

Oil And Gas

Gas supply shortages to industries to worsen unemployment, forex crisis

OrientEnergyReview Aug 15, 2022 0

Unless urgent steps are taken to enhance gas supply to industries, Nigeria’s unemployment crisis may take a turn for the worse in the weeks ahead over supply shortages to businesses in Lagos and Ogun States, Daily Sun has learnt. Gas…

NEWS

EU Embargo On Russian Coal Goes Into Effect

OrientEnergyReview Aug 12, 2022 0

The European Union embargo on imports of coal from Russia went into effect on August 11, with no exemptions from now on. The EU agreed months ago, in April, to impose a ban on imports of coal and other solid fossil fuels from Russia as…

POWER SECTOR

Nigeria: The Senate’s Bill to Improve Power Supply

OrientEnergyReview Aug 11, 2022 0

The Nigerian Senate recently passed a bill to improve the power supply to electricity consumers in the country. The Electricity Bill 2022 is a follow-up to the report of the Senate Committee on Power. It aims to enable a legal and…

NEWS

An Nuclear Talks Move Close To Deal

OrientEnergyReview Aug 11, 2022 0

The future of oil prices is on the table after the European Union moderators of the U.S.- Iran nuclear talks presented the two sides with a final version of the agreement this week. Should the sides make the respective concessions that…

POWER SECTOR

Nuclear Power: A Possibility in Nigeria?

OrientEnergyReview Aug 9, 2022 0

The International Renewable Energy Agency reported that at the end of 2021, the number of Nigerians without access to grid electricity rose by 90 million – a 5.8% increase in the estimations previously made by the Renewable Energy…

Oil And Gas

Can Libya Regain Its Reputation As A Reliable Oil Nation?

OrientEnergyReview Aug 8, 2022 0

Libya’s oil output is finally increasing following the political crisis that restarted earlier this year following the failed Presidential elections of December 2021. The country is now attempting to ramp up its crude production through…

Oil And Gas

OPEC Raises Nigeria’s Production Quota As Oil Price Drops

OrientEnergyReview Aug 5, 2022 0

The Organisation of Petroleum Exporting Countries (OPEC) has reportedly raised Nigeria’s oil production quota. The development was revealed in a document made available in the public domain on Thursday, Naija News reports. According…

Oil And Gas

Role of Algeria, Egypt, Nigeria in Africa’s Search for European Gas Market Share

OrientEnergyReview Aug 5, 2022 0

The curtailment of Russian natural gas deliveries is a source of anxiety for the European Union — and rightly so, given that the bloc has been far too dependent for far too long on Gazprom, a majority state-owned Russian company that…

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