Energy Transition

By Bassey Udo The world will require0 annual investments of an average of $60 billion to create access to electricity and clean energy supply, Minister of State for Petroleum Resources, Timipre Sylva, has said. The Minister stated this in a speech presented on his behalf by his technical assistant, Gas…

By Bassey Udo To deepen Nigeria’s gas revolution, NiPCO Gas Limited and Femadec Express have entered partnership to expand Nigeria’s natural gas-powered vehicles beyond the current 7,000 in the country. NIPCO Gas Limited is a subsidiary of NIPCO Plc with mandate to inaugurate gas Infrastructures to facilitate the use of…

By Bassey Udo Nigeria’s total national oil and gas reserves increased marginally in 2022 from the levels attained prior to the establishment and implementation of the Petroleum Industry Act 2021, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed. The Chief Executive Officer of the Commission, Gbenga Komolafe, said in…

PICTURE CAPTION L-R: Nigerian Society of Engineers (NSE) Chairman Bwari Branch, Halimat Adediran, with Minister of State Petroleum Resources, Timipre Sylva, NSE President, Tasius Sa’ad Gidari-Wudil and Deputy President, NSE, Margaret Oguntala, at the 2022 Annual Public Lecture, in Abuja on Thursday By Bassey Udo With proven gas reserves of…

By Bassey Udo To make the draft oil and gas industry regulations under the Petroleum Industry Act (PIA) 2021 fit for purpose, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced consultations on its key provisions. The series of consultations with major players and interest groups, which began on Wednesday…

By Bassey Udo Despite the quest for the global energy transition, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has created an attractive environment for new investments in the country’s oil and gas industry. Although the Commission reiterated the country’s commitment to the reality of the energy transition agenda,…

By Bassey Udo Achieving a low carbon world could be difficult if developed countries fail to embark on a deliberate technological investment in sustainable projects in Africa and other developing economies, energy and infrastructure conglomerate, Sahara Group, has said. The Director, Governance and Sustainability of the Group, Ejiro Gray, identified…

MEDIATRACNET Nigeria on Tuesday signed a landmark agreement with Equatorial Guinea that would allow natural gas from Nigeria’s offshore oil fields to be supplied to the neighbouring gas processing facility at Punta Europa, Equatorial Guinea. The agreement is part of the Memorandum of Understanding (MOU) to kick off a strategic…

By Bassey Udo With the recent passage into law of the Petroleum Industry Act (PIA), Nigeria and its joint venture partners in the oil and gas industry have no more excuses not to attract new investments to grow their oil production capacities and exports to earn more economic value, President…