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Agency urges dredging of Calabar channel to boost petroleum supply

Calabar

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has urged stakeholders in the oil sector to collaborate with the Federal Government for the dredging of the Calabar channel. Calabar, Cross River State, Nigeria Mr Ogbugo Ukoha, the Executive Director, Distribution System, Storage, Retail and Infrastructure of the Authority, made the call on Monday, January 10, 2022 in Calabar while ...

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Nigeria regains top crude oil production spot in Africa – OPEC report

Chief Timipre Sylva

Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day in November. Chief Timipre Sylva, Minister of State for Petroleum Resources The Organisation of the Petroleum Exporting Countries (OPEC) made this known in its Oil Market Report for December which was obtained on Monday, December ...

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Nigeria needs gas for accelerated industrial development – NGA president

Ed Ubong

Managing Director, Shell Nigeria Gas and President, Nigerian Gas Association, Ed Ubong, has called for urgent strategy to grow Nigeria’s capacity in the gas sub-sector. This, according to him, would ensure that gas is used to spur industrial development across all parts of the country. Managing Director of Shell Nigeria Gas, Mr. Ed Ubong “We need to begin the process of ...

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UK University Entrepreneurship Hub launched in Lagos

Catriona Laing

On Thursday, December 2, 2021, The UK’s Deputy High Commissioner in Lagos, Ben Llewellyn-Jones, hosted an event at Residence to launch the London School of Economics’ (LSE) Generate Nigeria Entrepreneurship Hub in Lagos. British High Commissioner to Nigeria, Catriona Laing The new LSE Generate entrepreneurship hub, which officially opens in February 2022, will consist of a physical co-working and residential ...

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Indonesia, China begin feasibility study on $560m coal-to-methanol plant

Coal-to-methanol plant

Indonesia and China have signed a memorandum of understanding (MoU) to conduct a feasibility study of a $560 million coal-to-methanol plant. Coal-to-methanol plant Indonesia’s Industry Minister, Agus Gumiwang Kartasasmita, said in a statement on Wednesday, October 20, 2021. The MOU was signed on Oct.18, by the Industry Minister and representatives from PT Powerindo Cipta Energy and China National Chemical Engineering ...

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States urged to adopt infrastructure maintenance policy

Babatunde-Fashola

The Federal Government has urged state governments to adopt “Infrastructure Maintenance Policy’’ to stimulate the economy of their states. Minister of Works and Housing, Babatunde Raji Fashola (SAN) Minister of Works and Housing, Mr Babatunde Fashola, made the call at the 27th meeting of the “National Council on Works” on Thursday, September 23, 2021 in Bauchi. “All that we need to ...

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AfDB to spend $1m on modernising Africa’s aging hydropower stations

Akinwunmi Adesina

The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) has approved $1 million grant for the modernisation of Africa’s aging hydropower fleet. AfDB president, Akinwunmi Adesina According to a statement from the AfDB, the modernisation of hydropower stations is an opportunity to increase generation capacity at low-cost, and with relatively short lead-times and minimal environmental impact. ...

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Govt unveils N250bn intervention facility to boost gas value chain

Timipre Sylva

The Federal Government says it has introduced a N250 billion intervention facility to stimulate finance and motivate investors in the gas value chain for sustainable business development in the country. Minister of State for Petroleum Resources, Chief Timipre Sylva Mr Bitrus Nabasu, the Permanent Secretary, Ministry of Petroleum Resources, disclosed this while briefing newsmen, on Sunday, August 8, 2021 in ...

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PIB will unlock opportunities for indigenous companies – Oando boss

Alex Irune

Chief Operating Officer, Oando Energy Resources, Dr Alex Irune, says the passage of the Petroleum Industry Bill (PIB) will unlock several partnership opportunities for indigenous oil and gas companies. Chief Operating Officer, Oando Energy Resources, Dr Alex Irune Irune made the assertion during a panel session at the ongoing Nigeria Oil and Gas (NOG) conference and exhibition on Wednesday, July ...

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DPR lists ways to fortify Nigeria’s oil and gas sector

Timipre Sylva

The Department of Petroleum Resources( DPR) has listed five ways to fortify the Nigerian oil and gas sector for economic stability and growth. Minister of State for Petroleum Resources, Chief Timipre Sylva Director and Chief Executive Officer of DPR, Mr Sarki Auwalu, made the suggestion while presenting a keynote address at the 20th Nigeria oil and gas conference, in Abuja ...

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