Monday, 4th March 2024
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Energy

17 Jan
Nigeria is exploring options to increase crude oil production amidst challenges facing producing companies in the country. The Minister of State for Petroleum (Oil), Heineken Lokpobiri, said the plan to ramp up production remains on course. 
17 Jan
Africa’s geothermal sector will attract, at least, $35 billion in investments by 2050, showing the critical role geothermal is set to play in meeting the continent’s rapidly growing energy demand. 
17 Jan
Copper prices are poised for a remarkable surge of over 75 per cent in the coming two years as mining supply disruptions and escalating demand fuelled by the global shift towards renewable energy have created market disruption.
10 Jan
Stakeholders in the oil and gas sector have emphasised the need for Nigeria to prioritise downstream and midstream infrastructure for competitiveness.
10 Jan
Executive Chairman of the African Energy Chamber, NJ Ayuk, has called for sustained gas investment in Africa amidst the energy transition programme. 
10 Jan
Skills gap in the Nigerian power sector and other African countries as well as rising changes in the global energy landscape may force Nigeria to take strategic steps in dealing with the situation, Executive Director, Corporate Services and head of Mainstream Energy Academi, Umar Usman, has said. 
10 Jan
Nigeria is in a strategic move with leaders of the oil-producing region to douse security tension and ensure the safety of oil and gas infrastructure, especially pipeline assets.
3 Jan
The federal government has allocated N344 billion to the power sector in the 2024 budget, an increase of 43.9 per cent when compared with N239 billion it received last year.
3 Jan
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will, this year, prioritise the implementation of the Petroleum Industry Act (PIA) and ensure an increase in crude oil production.
3 Jan
Stakeholders have raised fresh concerns over the Nigerian government’s long-standing practice of subsidising electricity tariffs, insisting that it poses financial strain and that concerns about the unequal distribution of benefits may create more challenges in the sector.
27 Dec
Stakeholders in the Nigerian energy sector have said the country will need to address inherent challenges if the current projections of the energy transition are achieved. 
27 Dec
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has asked oil companies to comply with regulations in the industry. This comes as the organisation expressed readiness to release seven new regulations for the smooth implementation...

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