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Energy
Nigeria’s oil and gas industry will emerge from the COVID-19 era stronger —Auwalu
The Director, Department of Petroleum Resources (DPR), Sarki Auwalu, in this interview with OLATUNDE DODONDAWA, speaks on the current volatility in the global oil market and efforts of the federal government to ensure Nigeria’s oil and gas…
FG set to strengthen diversification agenda with AKK pipeline project
Despite global pandemic ravaging global economies, Nigerian government continues to push for policies and projects that will strengthen its economic diversification agenda. One of such projects is the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline…
How Nigeria’s $2.8bn AKK pipeline’ll boost Nigerian content goals
Following the flag off of the construction of the Ajaokuta-Kaduna-Kano (AKK) pipeline by President Muhammadu Buhari, Nigeria is set to realise the long held dream of building the nation’s biggest domestic gas transmission infrastructure.…
Shell completes 20km gas pipeline to connect industrial zones in Aba
Shell Nigeria Gas (SNG) has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma and Araria industrial zones.The project has also enabled the supply of pipeline gas…
COVID-19: Expert urges new NCDMB governing council on proactive measures
An oil and gas expert, Precious Okolobo, has called on the new Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) to take proactive measures to overcome the impact of the novel coronavirus on the industry.…
DPR calls for cost control as post-COVID-19 strategy
The Department of Petroleum Resources has shared strategic survival plans that would help sustain Nigeria’s oil industry in the post COVID-19 environment.DPR’s Director, Sarki Auwalu, disclosed some of the plans while speaking during a…
Nigeria loses over N50bn annually to non-reflective gas pricing
There are indications that Nigeria may be losing over N50 billion annually to lack of adequate gas pricing regime. Nigeria’s proven gas reserve as of January 1, 2020, is put at 203.16 trillion cubic feet (tcf), according to the…
COVID-19: Stakeholders urge FG on measures to safeguard economy
Stakeholders in the Nigerian oil and gas sector have called on the federal government to engage in proactive measures to save its economy from shock as the world battles the negative effect of the COVID19 and dwindling oil prices.This…
OPEC May output lowest in two decades
The Organisation of Petroleum Exporting Countries (OPEC) oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut.According to Reuters’ survey, Nigeria and Iraq are…
Energy industry investment to plunge by $400bn —IEA
The International Energy Agency (IEA) has raised fears that the energy industry is set to suffer a record drop in investment due to the COVID-19 fallout.The IEA noted that renewables are likely to fare better than oil and that any swift…