…Invites Doubters for Facility Tour….. The Nigerian National Petroleum Company Limited (NNPC Ltd.) has insisted that the Old Port Harcourt Refinery is up and running, with loading operations in full swing. The Group Chief Executive Officer, Mr. Mele Kyari, gave the confirmation at the commissioning of the NUPENG Towers in Lagos on Wednesday. In a goodwill message at the event, ...
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Tax Reform Bills Will Stifle Growth Of Nigeria’s Oil, Gas Industry -PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN) says the proposed tax reform bills will stifle explorative activities in the country’s oil and gas sector. It also said that Nigeria Upstream Regulatory Commission (NUPRC) and the Nigeria Mid and Downstream Petroleum Regulatory Authority (NMDPRA) would be negatively impacted if the bill sails through. President of PENGASSAN, Festus ...
Read More »Axxela Appoints New Group CEO As Osunsanya Retires
Axxela Limited,one of the leading gas and power portfolio companies in sub-Saharan Africa, has announced the official retirement of its Chief Executive Officer, Bolaji Osunsanya and the appointment of a successor, Ogbemi Ofuya as the new Group Chief Executive Officer. After over two decades of outstanding leadership at Axxela,and a distinguished career spanning over 35 years across consulting, financial services, ...
Read More »Major Shake Up In NNPCL Management, Ajiya, Eyesan, Dropped, Adedapo Segun Redeployed To Finance
A major shake-up has taken place in the management of the Nigerian National Petroleum Company Limited (NNPCL), resulting in the removal of some management members and the redeployment of others. This was announced by the Board of Directors of the Company Limited (NNPC) on Wednesday. while Umar Ajiya was Chief Financial Officer (CFO) before now, Oritsemeyiwa Eyesan was in charge ...
Read More »Current Crude Oil Production of 1.4 Million Barrels Per Day Low, Inadequate to Meet Energy Requirements- IPPG
The Independent Petroleum Producers Group (IPPG) commended the leadership of Engr. Gbenga Komolafe, the Commission Chief Executive of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for tireless efforts and unwavering commitment to the growth and development of the oil industry. IPPG made this commendation during the third year anniversary celebration of NUPRC. According to the independent petroleum producers, the Commission has ...
Read More »Genesis Powers Progress Across West Africa, Sponsors Nigeria Energy Leadership Summit
Photo: L-R Lagos State Commissioner for Energy, Biodun Ogunleye; Transcorp Power President, Dr. OwenOmogiafo; Minister of Power, Adebayo Adelabu; Exihibition Director Nigeria Energy, Ade Yesufu and Akinwole Omoboriowo, Chairman & CEO of Genesis Energy Genesis, a leading energy solutions provider in West Africa, has announcedits sponsorship of the Nigeria Energy Leadership Summit, which runs from October 15 to 17,2024, in ...
Read More »Nigeria Energy 2024: Driving Nigeria’s Energy Transition – Ade Yesufu
……….by Ben Ndubuwa…… The Nigeria Energy Leadership Summit 2024 kicked off with a strong emphasis on breaking barriers in the global energy era, bringing together leaders from the Nigerian and international energy sectors. The event, focused on the theme of clean energy transition, highlighted the growing importance of renewable energy, energy efficiency, and digitalization in transforming the African energy landscape. ...
Read More »Power: Sixth Grid Collapse in 2024 Plunge Nigeria in Darkness
Nigeria has witnessed the sixth grid collapse this year, which has thrown Nigerians into darkness again as the nation continues to grabble with constant electric power failure. Reports nationwide indicated the grid collapsed at about 6:18 p.m. on Monday. Power generation dropped from 3.87 gigawatts at 5 pm to 3.56GW at 6 pm and 0.00GW at 7 pm and 8 ...
Read More »NLNG: Olubunmi Familoni Wins 2024 Edition Nigeria Prize for Literature
The Nigeria Prize for Literature, Africa’s most prestigiuos literary award, sponsored by NLNG, on Friday announced The Road Does Not End by Olubunmi Familoni as the winner of the 2024 edition of the prize, focused on children’s literature. Familoni was awarded the $100,000 prize for his winning entry following an announcement by the Advisory Board at the 2024 Grand Award ...
Read More »NIPCO MD Calls on Government to Incentivize Increased Butane Production
….by Victor Egbo…. The Managing Director of NIPCO PLC, Mr. Suresh Kumar has urged the Nigerian government to incentivize International Oil Companies (IOCs), including Chevron, to convert more of their propane output into butane. This move, he hu, would boost local production of Liquefied Petroleum Gas (LPG) and help curb the rising cost of cooking gas in Nigeria. Kumar made ...
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