FG spent N9tr in oil subsidy in 10yrs – PPPRA
Petroleum Products Pricing Regulatory Agency PPPRA has disclosed that the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015. This was disclosed in a document on subsidy payment released in Abuja on…
Eni Signs Energy Security Agreements With Algeria’s Sonatrach
In line with its expansion programmes in Africa, Italian oil giants, Eni, has signed two agreements with Algeria’s Sonatrach to boost energy security and fast-track emissions reduction.
The two strategic agreements outline joint future…
Nigeria, Egypt Sign Pact On Electricity Sector Development
Nigerian minister of electricity, Mr. Abubakar D. Aliyu and his Egyptian counterpart, Mohamed Shaker have signed a memorandum of understating (MoU) aimed at enhancing bilateral cooperation for the two countries in the fields of electricity…
OPEC+ Set To Keep Oil Production Unchanged
The Joint Ministerial Monitoring Committee of the OPEC+ group is expected to recommend keeping the current levels of oil production when it meets next week, in a wait-and-see approach amid significant uncertainties about supply and demand…
French Bank Vows To Reduce Oil, Gas Lending By 80%
…Joins league of big time lenders committed to energy transition by vowing to end oil, gas financing
French bank, BNP Paribas, has announced the decision to reduce lending to the oil and gas industry by 80% by 2030 as part of entering a…
Uganda Starts Drilling On First Commercial Site
...Hopes to reach first production before 2025Â
Uganda has confirmed that it has started drilling operations on its first commercially viable oil site.The country’s ministry of energy and mineral development said on Tuesday the East…
Maintenance Plan For Angola’s 200,000bpa Oilfield Will Affect Its Presence In The Global Market
The Dalia offshore oilfield in Angola has been billed for a planned maintenance lasting more than a month beginning on February 20. The period will affect will affect Angola’s presence in the international market
A spokesperson for the…
Russia Hopes On Its $45bn Reserve In Yuan To Weather Plunge In Energy Revenues
Russia has been reported to have a $45 billion stash of Chinese Yuan, capable of covering the country’s oil revenue losses in the next three years. The reserve is expected to help Moscow weather a massive plunge in its energy revenues as…
Gas Engine Operator (Mantrac CAT) at DMV Nigeria Limited
DMV Nigeria Limited was incorporated in 2001 as a result of a survey carried out where it was discovered that most organizations, companies and institutions are having a lot of challenges when it comes to their power back up system. Most…
Mechanical Engineer at Metal Craft Fabrications Nigeria Limited
Metal Craft Fabrications Nigeria Limited, a metal fabrication company specialized in manufacturing elevators, is recruiting qualified candidates to join our design department in the capacity below:
Job Title: Mechanical…
Title:Â IHS Towers Technical Skills Acquisition Program (TSAP) 2023
IHS Towers is the largest independent mobile telecommunications infrastructure provider in Europe, Africa and the Middle East. Founded in 2001, IHS provides services across the full tower value chain – colocation on owned towers,…
NAEC Calls For Immediate End Of Fuel Scarcity In Nigeria
The National Association of Energy Correspondents (NAEC) has called on Nigerian energy regulatory authorities, and indeed the federal government to put an end to the lingering fuel scarcity in the country.In a statement issued yesterday in…
UK Extends New Energy Saving Incentives
In the UK, National Grid has extended plans for households to be offered discounts for cutting their energy usage – activating its demand flexibility service for a second day in a row.
According to the policy, customers with smart…
Norway Offers 92 New Oil Blocs for Hydrocarbon Exploration
Norway’s petroleum and energy ministry has announced that the country, which is Western Europe’s biggest oil and gas producer, is offering up to 92 new blocks for hydrocarbon exploration in the new round of licensing in mature areas.
…
Delegations From Nambia, Guyana, Senegal, Tanzania Ready For SAIPEC 2023
All is set for the seventh edition of the Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), hosted by the Petroleum Technology Association of Nigeria (PETAN).
Organisers said the event which is taking place…
POWER GENERATION DIPS TO 916MW AND 2,200MW
The attention of the Transmission Company of Nigeria (TCN) has been drawn to two consecutive false publications by The Nation newspaper of Monday, 16th January, 2023 and Tuesday, 17th January, 2023 with the respective headlines: “Power…
NNPC Lawyers Walk Out In Ararume’s Suit Challenging Sack From Board
There was drama at the Federal High Court, Abuja on Monday as two Senior Advocates of Nigeria, SANs, representing the Nigeria National Petroleum Company, (NNPC) in the N100 billion suit filed by Sen. Ifeanyi Ararume against the company…
Oil Prices Steady With Hopes Of Fuel Demand Recovery In China
Oil prices were reportedly steady during morning trade yesterday amid hopes of a fuel demand recovery in the world's top crude importer, China.
Brent, the benchmark for two thirds of the world’s oil, was 0.63 per cent higher at $88.18…
UK Govt To Pay Consumers For Using Less Energy
National Grid in the UK has announced that up to a million households in England, Scotland and Wales will be paid to use less electricity on Monday evening as part of a scheme to avoid blackouts.
The National Grid said its Demand…
Italy Hints On Weaning Self Off Russian Gas Within 2Yrs
Italy has said that it is working towards eliminating imports of Russian natural gas by the winter of 2024/2025. The chief executive officer energy major, Eni, Claudio Descalzi, dropped the hint yesterday while on a visit to Algeria
The…
Kuwait Cabinet Resigns Over Oil Wealth Management
...It's Kuwait’s 6th cabinet in 3yrs. The 3rd formed by PM, Al-Ahmed Al-Sabah since he took office in August last year.
The government of Kuwait has resigned its appointment yesterday amid a power struggle with the Arab Gulf country's…