Energy Archives - Page 5 of 62

Oritsemeyiwa Preaches Continental Collaboration for Africa’s Oil Success

Africa’s petroleum sector success hinges on collective action rather than isolated national efforts. This is the view of the chairperson of the African Petroleum Regulators Forum...

GAS: New Temile/Hyundai LPG Vessel to bring down high cost of cooking gas in Nigeria-NCDMB

Energy2 months ago

Marketers Attribute Gas Price Hike to Supply Constraints

The recent rise in Liquefied Petroleum Gas (LPG) prices is said to be driven by supply constraints and global market pressures. The Nigerian Association of Liquefied...

Energy2 months ago

Prof Aliyu Replaces Aminu as PTDF Boss

Nigeria’s President Bola Ahmed Tinubu has appointed Prof Shu’aib Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF). Prof Aliyu replaces Ahmed Aminu,...

Energy2 months ago

Presidency Claims Credit for Steady Fuel Supply in Nigeria

The Presidency has claimed that President Bola Ahmed Tinubu’s naira-for-crude initiative has shielded Nigeria from the severe fuel scarcity afflicting major economies worldwide amid the ongoing...

Energy2 months ago

Nigeria Exports 950,000 Barrels of New Crude Blend

The Nigerian National Petroleum Company Limited (NNPC Ltd) has marked a major milestone with the lifting of 950,000 barrels of Cawthorne blend crude into the global...

NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

Energy2 months ago

NCDMB to Review NCCF Framework

The Nigerian Content Development and Monitoring Board (NCDMB) will be undertaking a strategic reset of the Nigerian Content Consultative Forum (NCCF), with a focus on improving...

Energy2 months ago

NMDPRA Goes Hard on LPG Decanting, Sanctions Loom on Defaulters

Liquefied Petroleum Gas (LPG) retailers operating in Ogun State have been cautioned to desist from breaching safety regulations, through illegal decanting practices or be ready to...

Energy2 months ago

Renaissance Gas Production Peaks at 2.2bcf, Eyes 3bcf by 2030

Renaissance Africa Energy Company Nigeria Ltd says it has attained a 2.2 billion cubic feet (bcf) of gas output, with an ambition to reach 3bcf by...

Energy2 months ago

Dangote Refinery Gets More Crude Supply From NNPC Ltd

It appears that local fuel production is in for a boost in Nigeria, with authorities increasing allocations to local refiners. In this regard, the Nigerian National...

Gas development, a major carbon reduction move - Seplat Energy

Energy2 months ago

Decade of Gas: Ekpo Moves for Regional Gas Development, Collaboration To unlock Africa’s vast natural gas potential and address persistent energy deficits, Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has moved for stronger regional collaboration intracontinent. This is even as Nigeria keeps pushing for Integrated Gas Market, Cross-Border Projects at the Ministerial Roundtable on Regional Gas Development and Cooperation in Africa, held in Abuja. At the event which had participation from the World Bank, Ekpo stressed that Africa’s energy future hinges not on the abundance of its resources but on collective action and coordinated strategies. Addressing ministers, development partners, and stakeholders, the minister highlighted the paradox of Africa’s energy landscape, noting that while the continent holds over 600 trillion cubic feet of proven natural gas reserves, more than 600 million people still lack access to electricity, with millions relying on traditional fuels for cooking. “This is not a question of resource availability, but one of coordination, infrastructure, and collective action,” he said. Ekpo described natural gas as a critical pathway to Africa’s self-reliance, capable of driving industrialisation, expanding energy access, and strengthening economic resilience. However, he emphasised that no single country can unlock this potential alone, underscoring regional cooperation as the cornerstone of sustainable development. He noted that Nigeria, with over 210 trillion cubic feet of gas reserves, is advancing its “Decade of Gas” initiative to position itself as a regional hub through partnerships with other African nations. He cited key cross-border projects already demonstrating the benefits of collaboration, including the West African Gas Pipeline, Trans-Sahara Gas Pipeline, Nigeria–Equatorial Guinea Gas Pipeline, and the Nigeria–Morocco Gas Pipeline. To scale up impact across the continent, Ekpo outlined four priority areas for deepened cooperation. These include the development of regional gas supply and market frameworks, with a shift from fragmented national systems to integrated markets featuring transparent pricing, aggregated demand, and efficient cross-border trade. The Minister also emphasised the need to expand gas-to-power and clean cooking initiatives to ensure that gas development translates into tangible benefits such as reliable electricity and improved living standards for citizens. On financing, the minister called for innovative, climate-aligned funding models, including blended finance structures, increased private sector participation, and stronger collaboration with international partners like the World Bank. Ekpo further stressed the importance of harmonising policy and regulatory frameworks across countries to reduce investment risks and accelerate project delivery, pointing to Nigeria’s Petroleum Industry Act as a useful reference model. He described natural gas as Africa’s “transition fuel,” serving as a practical bridge for expanding energy access, supporting industrial growth, and lowering emissions intensity, while ensuring a just and inclusive energy transition. The minister urged that the Abuja roundtable should move beyond discussions to deliver concrete outcomes, including clearly defined areas of cooperation, identification of priority bankable cross-border projects, and the establishment of institutional mechanisms to drive implementation. Reaffirming Nigeria’s commitment, Ekpo said the country stands ready to collaborate, invest, and provide leadership where necessary in building an integrated African gas market. He concluded that aligning vision, coordinating actions, and committing to shared progress would enable Africa to transform from a continent of stranded gas resources into one of integrated energy prosperity. “The future of Africa’s energy lies not in isolated pipelines, but in connected systems, shared markets, and collective ambition,” he said.

To unlock Africa’s vast natural gas potential and address persistent energy deficits, Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has moved for stronger...

Biztellers

Oritsemeyiwa Preaches Continental Collaboration for Africa’s Oil Success

Marketers Attribute Gas Price Hike to Supply Constraints

Prof Aliyu Replaces Aminu as PTDF Boss

Presidency Claims Credit for Steady Fuel Supply in Nigeria

Nigeria Exports 950,000 Barrels of New Crude Blend

NCDMB to Review NCCF Framework

NMDPRA Goes Hard on LPG Decanting, Sanctions Loom on Defaulters

Renaissance Gas Production Peaks at 2.2bcf, Eyes 3bcf by 2030

Dangote Refinery Gets More Crude Supply From NNPC Ltd

Xenophobia Horror: 268 Nigerians Flee South Africa, Arrive Lagos Today

June 12 Showdown: Falana, Falz Lead Nationwide Protest Against Hardship, Insecurity

2027: ‘Even If Insecurity Worsens, Power Will Not Change Hands’ – Okpebholo Declares

Senate Queries SEDC Over N153m Abuja Office Rent, Demands Full Spending Breakdown

‘Enough of the Speeches’ – Sharia Council Demands Immediate Action on Insecurity

‘I Play Like Mahrez’ – Brighton’s Nigerian Wonderkid Yohanna Sends Message to Premier League Fans

Trump’s Family Unveils New Cryptocurrency Platform

Senate Denies Receiving Petitions Against Tinubu’s Ambassadorial Nominees

Dangote Cement Lights Up Benue Host Communities With CSR Initiatives

Reps Recommend 3-year Jail Term For Aviation minister

Tems Sets New Record On Billboard Hot 100 Chart

Adeleke Hosts Ife Dev’t Board, Moots Better Infrastructure For Ile Ife