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NNPC Confirmed as Diamond Sponsor of African Energy Week 2022
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…
Chinese Oil Giants, PetroChina, Sinopec to Delist from New York Stock Exchange
Chinese state-controlled oil giants, Sinopec and PetroChina are among five Chinese firms that have signaled to delist from the New York Stock Exchange. The other two are China Life Insurance and Aluminium Corporation of China (Chalco).
…
Nigeria Lost Over $1.9m in 5 Days Due to Disruption of Gas Supply to Ossiomo Power – Gov Obaseki
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.
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GLOBAL ENERGY TIT-BITS
S/Arabia's SEC raises $3.56bn to support Egypt electricity project
Saudi Electricity Company has raised about $3.56bn in financing to support the Saudi Arabia-Egypt electricity interconnection project. Covering a five-year tenor, the…
ExxonMobil Deal: No Official Notification Of Buhari’s Withdrawal of Approval – Seplat
The Nigerian independent oil and gas firm, Seplat Petroleum Development Company, has said that it has not received any official notification that the Nigerian minister of petroleum resources, President Muhammadu Buhari, has withdrawn his…
EU Embargo On Russian Coal Goes Into Effect
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…
Oil Subsidy: Nigerian Reps Summon Finance Minister
...Gives Her One-Week Ultimatum
Lawmakers in the Nigerian House of Representatives have summoned the country’s minister of finance and planning, Mrs Zainab Ahmed, and gave her one week deadline to present details of all contract…
‘Nigeria Chasing Shadows with Fight Against Oil Theft’
Convener of Niger Delta Young Professionals, and chairman of the Nigerian Young Professionals Forum (NYPF), Mr. Moses Siloko Siasia, has asserted that Nigeria’s orchestrated effort at fighting oil theft and pipeline vandalism amount to…
An Nuclear Talks Move Close To Deal
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…
Nigeria’s Oil Sector Regulator Queries President Buhari’s Assent of ExxonMobil Acquisition by Seplat
Nigeria’s oil sector regulatory body, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has queried President Muhammad Buhari’s authority to approve the acquisition of ExxonMobil Nigeria assets by indigenous energy, Seplat Energy;…
Africa Power Briefs
Oil Minister, Wabote, Kyari Lead speakers at NAEC Conference
Minister of state for petroleum resources, Mr. Timipre Sylva, group chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, and…
Over 100,000 Petitioners Fight Against Oil Development in DRC
More than 100,000 concerned citizens of the Democratic Republic of Congo (DRC) were said to have signed a petition calling on the DRC president to stop a number of energy projects feared to be encroaching on forest regions and national…
Turkey Agrees to Purchase Russia’s Gas with Rubles
………. Signs booster pact covering transportation, finance and agric
After a four-hour meeting last Friday, Turkey’s President, Tayyip Erdogan and his Russian counterpart, President Vladimir Putin, put pen to paper to boost cooperation in…
MOSOP Demands Reverse Of HYPREP To Niger Delta Ministry
The foremost Niger delta pressure group, the Movement for the Survival of the Ogoni People (MOSOP) has demanded reversal of the federal government decision to transfer the project for the clean-up of Ogoniland known as Hydrocarbon…
‘Insecurity Has Cost Nigeria $7bn In Revenue This Year’ – NLNG
The General Manager, Production of the Nigeria Liquefied Natural Gas (NLNG) Limited, Adeleye Falade, has lamented that the firm has lost almost $7 billion revenue this year due to gas supply constraint and insecurity.
Falade said that…
Germany’s to Amend Energy Law As Gas Levy Suffer Set Back
German may have to amend its energy security law again this September as the country’s gas levy may not yet be imposed on all consumers, including those with fixed prices contracts, government and parliamentary sources said yesterday.
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Foreign Energy Tit-Bits
Saudi Aramco to Acquire Valvoline's Lubricants Business for $2.65bn
In a deal expected to close in late 2022 or early 2023, Saudi Aramco has said it will acquire Kentucky-based motor oil maker Valvoline's lubricants business for $2.65…
G7 Group Say Price Cap for Russian Oil Still On The Front Burner
.............Price cap aimed at limiting Russia revenue
The foreign ministers of G7 have confirmed that they are still exploring ways of curbing Russia’s huge revenues from oil, including the consideration of a ban on all services…
Nigeria Needs Adaptive Strategies To Maximize Its Natural Gas – SPENC
Nigerian petroleum engineers under the aegis of the Society of Petroleum Engineers Nigeria Council (SPENC), have maintained that Nigeria needs adaptive strategies to address its energy deficit.
According to SPENC, only implementable…
Shell Threatens to Shut Down Production in Nigeria Over Oil Theft, Others
The General Manager of Shell Petroleum Development Company of Nigeria, (SPDC) Mr. Igo Welli, has said that the company is considering shutting down production in Nigeria due to high rate of crude oil theft, pipeline vandalism and illegal…