Airlines to pay $222bn extra for fuel in 2022 – IATA
Innocent Obasi
December 13, 2022
By Innocent Obasi The International Air Transport Association (IATA) has said that airlines are spending additional $222 billion on fuel. This was disclosed by Kamil Alawadhi, regional vice president for Africa and the Middle East at IATA, while speaking at the African airlines association general assembly in 2022 on Monday. Alawadhi said that despite the oil […]
Nigeria’s oil output rises to 1.59 million bpd, says NUIMS
Innocent ObasiDecember 7, 2022
By Innocent Obasi The NNPC Upstream Investment Management Services (NUIMS) has disclosed that Nigeria’s oil production has risen to 1.59 million barrels per day. Bala Wunti, the chief upstream investment officer of NUIMS, stated this while speaking at the ongoing 11th Practical Nigerian Content forum in Uyo, the state capital of Akwa-Ibom state. Wunti said […]
NNPC seals gas pipeline agreement with Morocco,5 West African countries
Innocent ObasiDecember 6, 2022
By Innocent Obasi The Nigerian National Petroleum Company (NNPC) Limited has signed a Memorandum of Understanding (MoU) with Morocco and five West African countries to finalise the Nigeria-Morocco gas pipeline project (NMGP). This was disclosed in a statement signed by Garba Deen Muhammad, Chief Corporate Communications Officer of NNPC Ltd. The statement noted that the […]
Obiang Lima to resume as OPEC president in 2023
Innocent ObasiDecember 6, 2022
By Innocent Obasi Gabriel Mbaga Obiang Lima, who is currently the mines and hydrocarbons minister of Equatorial Guinea will become the president of the Organisation of Petroleum Exporting Countries (OPEC) in 2023. This information was confirmed on the website of the African Energy Chamber (AEC). Commenting on the development, Nj Ayuk, executive chairman of the […]
Persistent fuel crisis further squeezes Nigerians’ pockets
Innocent ObasiDecember 5, 2022
By Innocent Obasi Waking up as early as 4 a.m. to rush down to a petrol station in order to be among the first on the queue has become a routine for many motorists across Nigerian cities. But even that is not a guarantee that they would get petrol to keep their cars […]
How Nigeria can end fuel crisis, by experts
Innocent ObasiNovember 18, 2022
By Innocent Obasi Long queues at petrol stations have become a recurring sight in Nigeria, which used to be Africa’s top oil producer until Angola, Libya and Algeria edged it to the fourth place. From Abuja, the seat of administration, to Lagos, the commercial nerve-centre, to the oil city of Port Harcourt and elsewhere in […]
Seplat affirms commitment to just, affordable energy transition
Innocent ObasiNovember 16, 2022
By Innocent Obasi Seplat Energy Plc, Nigeria’s leading energy company listed on both the Nigerian and London Stock Exchange, has affirmed its commitment to a just and affordable energy transition. Roger Brown, chief executive officer of Seplat Energy Plc, disclosed this in a keynote speech at the 40th Annual International Conference & Exhibition of […]
Rainoil receives commendation for driving domestic utilisation of LPG
Innocent ObasiNovember 16, 2022
By Innocent Obasi Rainoil Limited, an integrated downstream company, has received commendation from African Refiners and Distributors Association (ARDA), a pan-African non-governmental organization, for its gas facility located at Ijegun-Egba, Amuwo Odofin LGA, Lagos State. Marième Decraene, president of ARDA, Anibor Kragha, executive secretary, and other delegates made the commendation during a recent tour of the facility. ARDA […]
Shell, GE sign MoU to reduce carbon intensity using hydrogen
Innocent ObasiNovember 9, 2022
By Innocent Obasi Shell Global Solutions, a leader in liquefied natural gas (LNG) for more than 50 years, and GE Gas Power have signed a development agreement to explore alternative routes aiming to lower the carbon intensity of Shell’s LNG supply projects worldwide. Under this agreement, GE will speed up development for the use […]
Dangote refinery to account for over half of Africa’s medium-term refining additions – OPEC
Innocent ObasiNovember 4, 2022
By Innocent Obasi …projects natural gas to surpass oil The oncoming Dangote refinery has the capacity to provide more than half of the planned distillation additions in Africa in the medium term, according to the Organisation of Petroleum Exporting Countries (OPEC). The oil cartel, which made the disclosure in its latest World Oil Outlook report, also projected […]