Oil workers have kicked against the planned sale of oil and gas assets, warning the development could seriously hurt the economy. The workers, acting under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) rejected the Federal Government’s plan to…
Global leader in energy management and automation, and recognised sustainability leader, Schneider Electric, has launched its flagship MasterPacT MTZ Active circuit breaker in West Africa. This premium digital solution sets new benchmarks in safety, efficiency, connectivity, and sustainability, helping industries overcome modern energy challenges and ensure business continuity. Offer Manager, Power Products at Schneider Electric…
Crude oil prices rose yesterday as markets remained on edge, driven by mounting risks to energy infrastructure from the Russia-Ukraine war, easing trade tensions between the US and China, and uncertainty over the Federal Reserve’s (Fed) rate decision. Brent crude was trading at $67.26 per barrel, up 0.1per cent from the previous close of $67.18….
The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, has said the country’s competitive reform agenda has delivered 28 Field Development Plans worth $18.2billion in investment commitments, underscoring the attractiveness of the upstream sector to investors. These commitments are also expected to unlock 1.4 billion barrels of oil (bbo) and 5.4 trillion cubic…
The Nigerian National Petroleum Company Limited (NNPCL) says the country is targeting $60 billion in new investments over the next five to seven years to expand gas infrastructure. Group Chief Executive Officer of NNPCL, Mr Bayo Ojulari, disclosed this while addressing a global audience from 150 countries at the opening of the Gastech Exhibition and…
The Dangote Articulated Trucks Drivers Training School (DATDTS), in collaboration with the Federal Road Safety Corps (FRSC), is implementing stricter entry requirements for aspiring drivers. This development comes as Dangote Cement Plc undertakes the recertification and screening of all its truck drivers at the company’s Obajana plant in Kogi State. Speaking to newsmen at the…
Nigeria is betting on its Energy Transition Plan (ETP) as a path to net-zero emissions by 2060, prioritizing power, cooking and transport, sectors as focus areas. The Minister of Environment Balarabe Abbas Lawal who gave the assurance the ETP will create hundreds of thousands of new jobs by 2030 and beyond. He said gas plays…
The Court of Appeal, Abuja Division, on August 8, upheld the Nigerian National petroleum Company (NNPC) Limited’s appeal against the Federal High Court’s April 2023 judgment that annulled Sen Ifeanyi Araraume’s removal as non-executive Chairman of the NNPC Board and awarded him ₦5 billion in damages. With this judgment, the Court of Appeal thus spared…
The Speaker, House of Representatives, Hon. Tajudeen Abbas, has commended the National Agency of Science and Engineering Infrastructure (NASENI) for promoting affordable and cleaner energy solutions through the establishment of NASENI-Portland CNG Conversion, Training Centre and Refill Station, Kubwa, Abuja The Speaker represented by Hon. Alex Mascot Ikwechegh while inaugurating the NASENI-Portland CNG Hub noted…
