Author: uzo.nzeogu

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said a new licensing round will open on December 1, The post NUPRC commits to transparent, competitive licensing round in December appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Nigerian oil companies are recording stronger output and profitability, driven largely by assets relinquished by international oil companies (IOCs). Yet, sustaining the gains remains a key concern, even for players like Oando, which posted a profit before tax of N165.2 The post Sustaining gains of IOC divestment via improved oil output, earnings appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

A leading independent Nigerian oil and gas exploration and production company, Midwestern Oil and Gas, has appointed Engr. (Mrs.) Elozino Olaniyan, FNSE, FNSChE, FNISafetyE, as its new Managing Director/Chief Executive Officer (CEO). The post Firm appoints first female CEO, strengthens corporate governance, leadership appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Dangote Petroleum Refinery has dismissed reports suggesting that the recent reduction in pump prices by oil marketers resulted from the suspension of a 15 per cent import tariff on premium motor spirit (PMS) and automotive gas oil (diesel), describing the The post Dangote dismisses reports linking PMS price cut to 15% tariff suspension appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Global investment in clean energy reached a record $2.4 trillion in 2024, but only 2.3 per cent came from sub-Saharan Africa, International Renewable Energy Agency (IRENA) said on Monday. The post Africa accounts for just 2.3% as renewable investment hits $2.4trn appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Delta State governor, Sheriff Oborevwori, has issued a stern warning to the Benin Electricity Distribution Company (BEDC), accusing the utility provider of deliberately starving communities of power despite receiving adequate supply from Transcorp Power Plc. The governor, however, commended Transcorp The post Oborevwori blames BEDC for power outage in Delta communities appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

A petroleum exploration and production company, Emadeb Exploration and Production Company Limited, has expressed excitement over its first oil production from the Ibom Field, marked as PPL 236. The post Petroleum company records first oil production   appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Petroleum Technology Association of Nigeria (PETAN) has urged African governments to deepen public–private sector collaboration to strengthen the continent’s oil and gas value chain. The post PETAN urges Africa to adopt Nigeria’s local content model appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Chief Executive Officer (CEO), Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has warned that suspension of the proposed 15 per cent import duty on petroleum products poses a significant threat to the country The post CPPE, PANEP fault suspension of 15% duty on fuel import appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Centre for the Promotion of Private Enterprise (CPPE) has warned that the recent suspension of the 15 per cent import duty on fuel and diesel will pose a significant threat to domestic refining and investment in the downstream sector. The post Suspension of 15% import duty on petroleum products threat to domestic refining — CPPE appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article