The National Petroleum Authority of Ghana says it is proposing to import refined petroleum products from Dangote Refinery to boost its energy security and sustain business cooperation with neighbours. Chief Executive Officer, NPAG, Dr Mustapha Abdul-Hamid, said this at the 2024 OTL Africa Downstream Energy Week in Lagos. Speaking as one of the panelists, Abdul-Hamid…
Seplat Energy‘s revenue hits N1.07tr Nigerian independent energy major, Seplat Energy PLC, has grown its revenue in nine months to N1.071trillion from N478.1billion year-on-year with cash generated from its operations rising to N633.8billion from N213.8billion y-o-year. With double listing on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE), unveiled its unaudited results…
The Federal Government has allocated in excess of $75 million for the advancement of Compressed Natural Gas (CNG) infrastructure to foster cleaner and more sustainable energy across the nation. The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, made the announcement at the 18th OTL Africa Downstream Energy Week in Lagos. The theme…
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has put the country’s daily petrol consumption at between 45 million litres to 50 million litres. Its Chief Executive Officer, Mr Farouk Ahmed, disclosed this while speaking on the sideline of the ongoing 18th Africa Downstream Energy Week in Lagos. The 2024 OTL Africa Downstream Energy…
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobri is looking towards Kogi State for petroleum exploration. He expressed the desire when the State Governor, Usman Ododo led a delegation on an official visit to the ministry in Abuja. “What we need to do is to do the requisite exploration work, and once…
The National Bureau of Statistics (NBS) said Nigerians spend an average N10,239.7 monthly on buying home cooking fuel, liquefied petroleum gas (LPG). Its report entitled: “Nigeria Residential Energy Demand-Side Survey (NREDSS), 2024, launched in Abuja by the Statistician-General of the Federation Adeyemi Adeniran, also said 19.4 per cent of households reported using LPG during the…
Chairman of Heirs Holdings Group, Tony Elumelu, has identified finance and energy pillars that are crucial to Nigeria’s lasting prosperity. Speaking during the third Anniversary of Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, he lauded the transformative and bold initiative of NPRC’s Project 1 million barrel of oil (mbopd) initiative, and its impact on…
A group, the Nigerian Association for Energy Economics (NAEE) has blamed the country’s resource- curse syndrome on weak institutions and poor governance that have led to the inability of the country to transform her abundant human and natural resources endowment for the good of all. The group’s President, Dr. Hassan Mahmud, who spoke in Abuja,…
Upstream regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the country’s crude oil and condensate production dipped by 26,391barrels per day from 1.57 million barrels per day (mb/d) in August 2024 to 5.44mb/d. This was contained in its crude oil production report of September 2024. The data said in the period under review,…
