The Minister of Industry, Trade and Investment, Dr Doris Anite said the federal government will automate the process of issuing export permits in Nigeria, particularly in the oil and gas sector. The minister who spoke to journalists in Abuja at the Oil and Gas stakeholders meeting noted that the meeting became imperative to foster growth […]
Tag: Petroleum
Nigeria contributes 8 to 10 per cent of TotalEnergies’ global output and is home to more than 18 per cent of its overall investments. TotalEnergies said it would invest as much as $6 billion in Africa’s biggest oil producer in the years ahead. The energy firm said it will target deep-water projects and gas production […]
The Independent Petroleum Producers Group (IPPG), has called for review of critical aspects of the Petroleum Industry Act (PIA) to strengthen the regulatory framework and competitiveness of the fiscal regime. The amendment, the group believes will enhance security across the Niger Delta and expedite the conclusion of ongoing International Oil companies’ (IOCs) divestments as well […]
Cape Town — A massive explosion at an oil terminal in the capital city Conakry has claimed lives and caused several injuries early today, December 18, 2023, according to BBC reports. According to the reports, Conakry’s two main hospitals are inundated with multiple injured patients. The country’s military authorities have not yet commented on the incident. The explosion […]
Unlike other states of the federation where the N2bn palliative fund as well as food items received from the federal government were already disbursed to citizens to cushion the effects of subsidy removal, residents in Bayelsa have waited endlessly for the prosperity government of Senator Douye Diri to roll out plans for distribution, to get […]
Mr Kyari explained that the establishment of the Petroleum Industry Act (PIA) helped the NNPC Ltd to improve its operations. The Nigerian National Petroleum Corporation Limited (NNPC Ltd) remitted N4.5 trillion as revenue to the federation account in October. The Chief Executive Officer of NNPC Ltd, Mele Kyari, disclosed this on Wednesday when he appeared […]
DAR ES SALAAM: THE first consignment of 100 kilometres pipes for the East African Crude Oil Pipeline (EACOP) have arrived in Dar es Salaam Port, signalling the initiation of the main construction phase for the cross-border pipeline project. EACOP will transport crude oil from the Lake Albert region of Uganda to the Chongoleani peninsula near […]
In a major development in the long-running legal battle between Process & Industrial Developments Limited (P&ID) and the Nigerian government, a UK court has awarded Nigeria £20 million in damages and compensation in the long-running $11 billion P&ID case. This ruling follows Nigeria’s historic victory in October 2023, which saw the court quash the fraudulent […]
Nairobi — Azimio La Umoja One Kenya leader Raila Odinga has called for the reduction of fuel prices by between Sh45 and Sh50 saying that global oil prices have reduced. According to Odinga, it is unfair for the Energy and Petroleum Regulatory Authority (EPRA) not to reduce the prices of petroleum in the wake of […]
Kiambu — National Assembly Majority leader Kimani Ichung’wah has dismissed calls by Azimio La Umoja One Kenya leader Raila Odinga for the government to reduce fuel costs by Sh50. Speaking during a church service attended by President William Ruto in Kimende Kiambu, Ichung’wah stated that oil prices are influenced by demand and supply. He further […]
Dangote Petroleum Refinery and Petrochemicals plant has purchased one million barrels of Agbami Crude grade from Shell International Trading and Shipping Company Limited, STASCO. This is targeted at increasing Nigeria’s domestic refining capacity and attaining energy security (self-sufficiency). In a statement obtained by Vanguard, Dangote Refinery stated: ”The STASCO cargo contained one million barrels from […]
Abuja — A foremost trade unionist and former General Secretary of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Chief Frank Kokori, has died. His death coincided with his 80th birthday. According to reports, the trade unionist died at 1:30 am Thursday. The passage of the octogenarian was made public at about 2:30 […]
Mr Kokori died 7 December following a prolonged kidney-related ailment Frank Kokori, former General Secretary of the National Union of Petroleum and Natural Gas Workers, is dead. Mr Kokori, who also served as the Chairman of the board of the Nigeria Social Insurance Trust Fund, died 7 December following a prolonged kidney-related ailment. The doctors […]
The federal government is planning to revoke unused oil exploration leases that companies were granted but have not been able to carry out any exploration activities on them. This is as crude oil traders have raised concerns about Nigerian products after the Nigerian National Petroleum Company (NNPC) Limited changed its price model to supply the […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed plans to reduce Nigeria’s Carbon emission by as much as seven million tonnes of CO2 emission per year with the implementation of the Nigeria Gas Flare Commercialisation Programme (NGFCP). The commission also unveiled the Regulatory Framework for Energy Transition, Decarbonisation and Carbon Monetisation for Upstream Operations […]
Harare — On Wednesday, November 29, 2023, a regional court reportedly dismissed a legal challenge to a multibillion-dollar oil pipeline project between Tanzania and Uganda, which has drawn criticism from human rights and environmental organisations. Several civil society groups filed a challenge, but the East African Court of Justice ruled that it was submitted too […]
The Petroleum Authority of Uganda (PAU) has unveiled the E-Work Permit Recommendations System (EWPRS). This online platform aims to streamline the process of recommending and approving work permits for both local and international investors in the industry. PAU Board Chairperson, Jane Mulemwa, expressed optimism about the impact of the new system, stating, “The E-Work Permit […]
Tanga — TANGA: EACOP has handed over 339 houses as replacement of housing project at Songakibaoni Village in the Muheza, Tanga Region. The EACOP General Manager, Tanzania Branch Wendy Brown said on Tuesday that the replacement housing programme and their ancillary structures have been a cornerstone of the company’s commitment to households affected by the […]