Author: uzo.nzeogu

Investors may be pushing for well-structured upstream assets in Africa as Chappal Energies’ closed a combined $430 million reserve-based The post Oil firm secures $430m RBL financing amid tight capital markets appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Nigeria is intensifying efforts to resume crude oil production in Ogoniland, signaling a potentially consequential shift in one of the The post Nigeria anticipates resumed oil production in Ogoniland appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Pan-Niger Delta Forum (PANDEF) has formally endorsed the ongoing reforms in Nigeria’s oil and gas sector under President Bola Ahmed Tinubu, describing recent developments as a decisive break from years of policy drift and regulatory uncertainty in the industry. The post PANDEF endorses Tinubu’s oil sector reforms appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

An environmental justice advocacy group, the MIIDEEKOR Environmental Development Initiative (MEDI), has urged the incoming leadership of Nigeria’s petroleum regulatory agencies to urgently review and reform oil sector divestment policies. The organisation warned that existing practices are worsening environmental injustice The post FG urged to review oil sector divestment policies appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Ibadan Electricity Distribution Company (IBEDC) has acknowledged the intermittent power supply and prolonged outages being experienced across its franchise areas, attributing the situation to reduced electricity load allocation from the national grid. In a statement issued on Wednesday, the The post IBEDC blames power outages on reduced grid allocation appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Director General and Chief Executive Officer of the Energy Commission of Nigeria (ECN), Dr. Abdullahi Mustapha, has inaugurated a three-day capacity building programme aimed at transforming and upgrading the Commission’s information processing techniques in line with the Federal Government’s The post ECN DG launches 3-day capacity-building programme to advance digital transformation appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Nigeria’s oil industry remained stuck at a neutral level last month as the country operated 41 rigs in November, down slightly from 43 in October and unchanged from a year earlier, Baker Hughes data stated. The post Nigeria’s oil rig count returns to 2024 level amid OPEC expansion appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

Nigeria’s improving macroeconomic outlook is beginning to reshape investor perceptions of its energy sector, offering fresh momentum for gas development and upstream investment, Executive Director of Good Governance Africa, Dr Diran Bello, has said. The post ‘Macroeconomic stability will increase energy sector investment’ appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has defended the issuance of petrol import licences, insisting that domestic supply remains insufficient to meet national demand, even as President of Dangote Industries Limited The post NMDPRA, Dangote trade words on petrol import licences, local supply capacity appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article

In a landmark ruling that could redefine corporate accountability in Nigeria’s oil and gas sector, a tribunal has ordered TotalEnergies EP Nigeria Limited to pay $285.2 million to the Nigerian National Petroleum Company Limited (NNPC), bringing to a close a The post How $285m TotalEnergies tribunal award is redefining oil governance in Nigeria appeared first on The Guardian Nigeria News – Nigeria and World News. Source: Original article