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Nigeria’s Oil Revenue Gains As Output Hits 1.34mbpd

Nigeria’s Oil Revenue Gains As Output Hits 1.34mbpd

Oil & Gas
Nigeria, the largest producer of crude oil in Africa, recorded an increment in its crude oil output in December 2023, indicating improved earnings from the resource. The country produced 1.34 million barrels of oil per day in the month. This is according to primary sources of the Organisation of Petroleum Exporting Countries (OPEC) in its latest Monthly Oil Market Reports (MOMRs). Nigeria’s oil production increased month on month by 6.8 percent from 1.25 million bpd in November 2023. Further analysis revealed that the improvement stood at 6.1 percent from 1.26 million bpd in January 2023. The average price of Brent crude, the international oil benchmark which Nigeria is gauged, stood at $77.63 per barrel in December, according to Statista. Earlier, Heineken Lokpobiri, the mini...
Gas Flare Commercialisation: NUPRC Establishes College Of Awardees For Effective Implementation

Gas Flare Commercialisation: NUPRC Establishes College Of Awardees For Effective Implementation

Oil & Gas
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has established a College of Awardees to leverage the collective experiences of successful entities in the latest bidding process of the Nigerian Gas Flare Commercialisation Programme (NGFCP). The College, according to the press statement, will also serve as the forum for connecting other stakeholders and critical support systems to preferred bidders/permit holders, bringing together world-class service providers, including technology providers/original equipment manufacturers (OEMs), financiers and funding entities, and multilateral agencies to foster optimal delivery of the flare commercialisation projects. The commission chief executive (CCE), Engr. Gbenga Komolafe who made this known at the inaugural Post Award Forum ...
MNDA/NDDC TO WORK TOGETHER TO IMPROVE NIGER DELTA REGION –

MNDA/NDDC TO WORK TOGETHER TO IMPROVE NIGER DELTA REGION –

News, Oil & Gas
Says new NDDC Board to be announced soon – President Buhari President Muhammadu Buhari has restated the need to strengthen collaboration between the Ministry of Niger Delta Affairs (MNDA) and Niger Delta Development Commission (NDDC) as part of government’s efforts at building a new and better Niger Delta region. President Buhari, who was represented by Minister of Transportation, Mu’azu Jaji Sambo, stated that this was imperative towards realizing government’s mission of improving the living conditions of the Niger Deltans and the Region. President Buhari was presenting a keynote address at the opening ceremony of a two-day top management retreat of the Ministry of Niger Delta Affairs and Niger Delta Development Commission at the State House Banquet Hall, Presidential Villa,...
Africa Oil Week in Dubai Has no African Producers – Companies Have Decided to Attend African Energy Week to Promote Africa’s Oil Sector Instead

Africa Oil Week in Dubai Has no African Producers – Companies Have Decided to Attend African Energy Week to Promote Africa’s Oil Sector Instead

Economy, News, Oil & Gas
Africa Oil Week (AOW) is set to take place this week in Dubai, and yet no African oil producers are taking part in the “Africa-focused” event. With Africa’s oil and gas Ministers and key stakeholders coming to Cape Town for African Energy Week (AEW) 2021, AOW has been left to finally admit the truth – that the organizers have misled Africa and its people. For months, AOW has been misrepresenting speakers and high-level participants at their event, all of which are actually coming to Cape Town for AEW 2021. Now, with the release of the event program, the event has finally unveiled that AOW is not interested in African oil and gas producers taking part in the conversation, despite the event apparently being “the voice of exploration and production.”  In Cape Town at AEW 2021,...
Senegal Oil & Gas Academy: Spearheading Training for Senegal´s New Oil & Gas Professionals

Senegal Oil & Gas Academy: Spearheading Training for Senegal´s New Oil & Gas Professionals

Economy, Oil & Gas
Offshore construction platform for production oil and gas in gulf of Thailand with sunset sky Under the administration of H.E. President Macky Sall, Senegal has put in place a number of measures to promote the development of local content as part of the country´s long-term economic development program, the Emerging Senegal Plan. The Senegal Oil & Gas Academy (SOGA) is aligned with this plan and has had a major impact in developing a new generation of oil and gas professionals throughout the country.  SOGA offers a range of programs that are designed to be inclusive towards all levels of education, and has been key in leading employment generation in this increasingly dynamic sector of the Senegalese economy. Dakar has been an educational hub for many decades and has some of t...
Gas Exporting Countries Forum (GECF) Gas Market Analysis Head to Speak at MSGBC Oil, Gas & Power 2021

Gas Exporting Countries Forum (GECF) Gas Market Analysis Head to Speak at MSGBC Oil, Gas & Power 2021

Business, Corporate Stories, News, Oil & Gas
Dr. Aydar Shakirov, Head of the Gas Market Analysis Department at the Gas Exporting Countries Forum (GECF) will unpack the latest short-term market developments on the global gas market at the upcoming MSGBC Oil, Gas & Power 2021 Conference and Exhibition; organized by Energy Capital & Power (www.EnergyCapitalPower.com), the conference will take place in Dakar in December, 2021. We are honored to host him and hear his viewpoints on the GECF´s’ important role in expanding natural gas in Africa and the MSGBC region Dr. Aydar Shakirov, Head of the Gas Market Analysis Department at the Gas Exporting Countries Forum (GECF) has been confirmed as a speaker at the MSGBC Oil, Gas & Power 2021 Conference and Exhibition, organized by Energy Capital & Power, taking place in Daka...
Africa Oil Week to Highlight Unrivalled Opportunities, Driving Investment and Deal-Making Across the African Continent

Africa Oil Week to Highlight Unrivalled Opportunities, Driving Investment and Deal-Making Across the African Continent

Business, Economy, Oil & Gas
Paul Sinclair, Vice President of Energy, Director of Government Relations, Africa Oil Week, Future Energy Series Africa Africa Oil Week (Africa-OilWeek.com), the leading oil and gas show in Africa, has announced a stellar line-up of speakers for the 27th edition, scheduled to be held from 8-11 November 2021, at Madinat Jumeirah in Dubai. Attendees can look forward to engaging and forward-thinking discussions which are designed to support the African upstream as it emerges from two years of transition and disruption caused by an accelerated energy transition and the global pandemic. Uniting under the theme of ‘Succeeding in a Changed Market’, esteemed speakers will tackle topics on how the industry has responded to the evolving market landscape, identify opportunities for new players...
Oil and Natural Gas Will Help Ensure a Just Energy Transition in Kenya as President Kenyatta set to work closely with Biden on Climate Change after White House visit

Oil and Natural Gas Will Help Ensure a Just Energy Transition in Kenya as President Kenyatta set to work closely with Biden on Climate Change after White House visit

Business, Economy, Oil & Gas
As Africa continues to navigate its energy transition, many African leaders are responding to calls from the global environmental community to reduce their reliance on fossil fuels. They are issuing a strong message defending the critical importance of oil and gas development to their economic growth. During Kenyan President Uhuru Kenyatta’s visit to the white house as the first African leader to meet with President Joe Biden at the White House, he summed up the views of many Africans when pushed by Biden on fighting climate change. “We are also keenly very grateful with his strong position, especially with regard to climate change.  This is an area where Kenya has made tremendous progress in her own right and where we are firmly committed to the Paris Agreement, and we’re glad ...
One-Size-Fits-All Approach to Climate Change Will Not Work for Cameroonians; A lot of energy projects need to be developed

One-Size-Fits-All Approach to Climate Change Will Not Work for Cameroonians; A lot of energy projects need to be developed

Business, Economy, Oil & Gas
The world is mandating a one-size-fits-all approach to climate change that doesn’t take into consideration Cameroon’s right to make the most of its low-carbon natural gas resources or the continent’s need to eradicate energy poverty. The African Energy Chamber (EnergyChamber.org) welcomes an honest and open discussion where Africans have a say in which functional solutions are best for Africa. At the African Energy Week, organized by the African Energy Chamber in partnership with South Africa’s Department of Mineral Resources and Energy, the Chamber calls for a balanced response to the Cameroon’s vulnerability to climate change. Cameroon is a leading sub-Saharan producer of crude oil, with total daily liquid hydrocarbon production averaging 76,000 barrels in 2017. That year, crude ...
Gas for Good: Akinwole Omoboriowo II Emphasizes how Gas can be Used for the Social and Economic Good of Africa

Gas for Good: Akinwole Omoboriowo II Emphasizes how Gas can be Used for the Social and Economic Good of Africa

Business, Corporate Stories, Innovation, Oil & Gas
Natural gas is increasing its share in Africa’s energy portfolio, with environmental ambitions, energy security and accessibility, as well as domestic energy independence comprising key drivers of growth. Despite global stakeholders and environmentalists negative perception of the resource, natural gas holds significant, and even critical, benefits for Africa, as energy poverty continues to be a major hinderance of meaningful economic growth. Speaking at the Gas Exporting Countries Forum (GECF) workshop on promoting natural gas demand on Wednesday, Akinwole Omoboriowo II, Chairman of the board of directors, Genesis Energy Holding, provided valuable insight into the role of gas in Africa. During his presentation, Omoboriowo II explained how natural gas can be used for the social goo...

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