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Orient Energy Review 620 posts 0 comments

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

Senate Probes N80bn Misappropriation in NDDC

Orient Energy Review Jul 10, 2020 0

...Describes allegations as weighty The President of the Nigerian Senate, Ahmad Lawan, has said that the allegations of financial recklessness and misappropriation of funds leveled against the interim management committee of the…

POWER SECTOR

Electricity Operators Failed Nigerians – Lawmakers Declare!

Orient Energy Review Jul 9, 2020 0

The House of Representatives on Wednesday bemoaned the power gridlock Nigeria is faced with, stating that the power generation companies (GenCos) and the distribution companies (DisCos), have failed Nigerians. The lawmakers made the…

NEWS

Facing the future with Veracity: Data Key to Unlocking Value for Maritime

Orient Energy Review Jul 9, 2020 0

DNV GL is at the vanguard of digital developments in maritime and, with Veracity, the group has built a unique platform for users to share, access and utilize data – realizing its potential and enabling a smarter, greener and safer future…

NEWS

Optimarin Successfully Completes IMO G8, USCG Test programme

Orient Energy Review Jul 9, 2020 0

Ballast water treatment (BWT) specialist Optimarin has successfully completed testing of its market proven Optimarin Ballast System (OBS) in accordance with the revised IMO G8 guidelines, while also upgrading its existing US Coast Guard…

Oil And Gas

Algeria On The Move Out Of Oil-Reliance

Orient Energy Review Jul 9, 2020 0

The Algerian President, Abdelmadjid Tebboune on Tuesday reiterated his government’s determination to move the country’s economy from oil-reliance to being a diversified economy. Tebboune in a meeting with the prime minister as well as…

Oil And Gas

Eni Reviews Long Term Price Forecasts

Orient Energy Review Jul 9, 2020 0

…Hopes to stick to its long-term climate strategy presented in February Italian oil giant, Eni S.p.A, has taken a decision to cut its long-term price forecasts, in the conclusion that the raging Corona virus may last longer than…

Oil And Gas

2020 Marginal Bid Round: Nigeria to Deepen Local Participation

Orient Energy Review Jul 9, 2020 0

…600 Companies Jostle for 57 Oil Fields …FG to Establish National Acreage Management Strategy The Federal Government has indicated its interest to further deepen Nigerian Content in the nation’s oil and gas…

Oil And Gas

Explosion at NPDC’s Benin River Valve Station Claims 7 Lives

Orient Energy Review Jul 8, 2020 0

An explosion has been reported at the Gbetiokun, OML 40, operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture. The Nigerian National Petroleum Corporation (NNPC) on Tuesday stated…

Oil And Gas

African Chamber Launches Jobs Portal to Boost Local Content

Orient Energy Review Jul 8, 2020 0

African Energy Chamber and its partners have launches a new energy jobs portal that would ultimately boost local content. The platform will also assist local and international companies in attracting local talent across 30 different…

Oil And Gas

Fuel Scarcity Looms as IPMAN Protests Fuel Price Increase

Orient Energy Review Jul 7, 2020 0

…Threatens to stop lifting petroleum productsNigeria is heading for another fuel scarcity crises as the Independent Petroleum Marketers Association of Nigeria (IPMAN) threaten to stop lifting petroleum products in all South West depots.…

Oil And Gas

Equity Market: Brent Crude passes $43/bbl Saudi Price Hike

Orient Energy Review Jul 7, 2020 0

Oil price has risen in London to above $43 per barrel just as Saudi Arabia hiked its official selling prices, and as the global equity markets climbed, World Oil News Agency reported yesterday in a global market report It learnt that…

POWER SECTOR

AfDB, W/Bank Support Solar Power Plants Light Up Bayelsa Communities

Orient Energy Review Jul 7, 2020 0

…With technical support from W/Bank ($350m), AfDB ($200m) Nigerian government, through its implementing agency, Rural Electrification Agency (REA), has commissioned two solar hybrid mini grids in the villages of Akipelai and…

Oil And Gas

Gabon Records 5.3% Oil Production Increase in 2020 Q1

Orient Energy Review Jul 7, 2020 0

Gabon’s Directorate General of Economy and Tax Policy (DGEPF) has stated that the country recorded a 5.3% increase in oil production during the first quarter 2020, compared to the same period in 2019. The directorate indicated in a…

POWER SECTOR

‘Poor Energy Capacity Costs Nigeria N10tln Annually’, Says World Bank

Orient Energy Review Jul 7, 2020 0

The World Bank has said that the unreliable power supply in Nigeria is been causing the country huge, annual economic losses, which it estimated at N10.1 trillion. In a new report, the World Bank said Nigeria’s attempt to transform its…

NEWS

Spanish Security Arrests 34 for Trafficking Electronic Waste To Nigeria, Others

Orient Energy Review Jul 7, 2020 0

Thirty-four people were reportedly arrested in Spain for attempting to fraudulently export 2,500 tonnes of electronic waste to eight African countries, including Nigeria. Afrik24 reported that Nigeria “has become customary with the import…

NEWS

Post COVID-19 Economic Rescue: Mining Gets N6bn of FG’s Proposed N2.3trln Injection

Orient Energy Review Jul 7, 2020 0

Nigeria has proposed to inject N2.3 trillion to boost the mining and other sectors of the economy in post COVID-19 rescue operations. The Minister of Mines and Steel Development, Olamilekan Adegbite, who dropped the hint yesterday during…

Oil And Gas

Battle For Oil Market Share Grows As Consumption Slows

Orient Energy Review Jul 7, 2020 0

...Slower growth in demand will put pressure on prices, earnings, investment, over the next 2 decades.Global consumption of petrol continues to slowdown over the decades and the situation will have profound implications for the…

Oil And Gas

Nigeria, Iraq, Kuwait Bow to OPEC Oil Production Cuts Order

Orient Energy Review Jul 7, 2020 0

Nigeria, Iraq, and Kuwait have been reported as having kept to their promises on Organisation of Petroleum Exporting Countries (OPEC) stipulated production cuts as they lowered their crude oil supply to the international market. There had…

Oil And Gas

Nigeria: Oil Marketers Threaten Strike Over Petrol Price Increase

Orient Energy Review Jul 7, 2020 0

The Independent Petroleum Marketers Association of Nigeria, South-West, has threatened to stop lifting of petroleum products over the hike in the petrol pump price. The South-West Chairman of IPMAN, Alhaji Dele Tajudeen, described the…

Local Content

US$50M Nigerian Content Research & Development Fund Receives Approval

Orient Energy Review Jul 6, 2020 0

The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the establishment of a US$50 million Nigerian Content Research & Development Fund (NCR&DF). The NCR&DF is expected to boost…

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