By Haley Zaremba On Tuesday, just days after president Andrés Manuel López Obrador took office in Mexico, the Mexican government announced that it would be suspending a scheduled auction of long-term, clean-energy contracts. The new administration under leftist president López Obrador, who won the presidency in a landslide election back in July, will keep the…
Damilola Shittu – Abuja The Depot and Petroleum Products Marketers Association of Nigeria has suspended its earlier directive to shut down depots nationwide and has given the Federal Government a five-day grace to pay part of the outstanding debt which it owed the marketers. DAPPMAN had declared on Sunday that it would from midnight of…
Damilola Shittu – Abuja Despite threats by petroleum depot owners to shutdown operations if their unpaid N800 billion subsidy claims were not cleared, the Nigerian National Petroleum Corporation (NNPC) says it has sufficient petroleum products in its facilities and urged consumers across the country not to engage in panic buying. The Corporation said it currently…
A member of the World Bank Group, International Finance Corporation (IFC) and the government of the United Kingdom announced today a new partnership to help transform construction markets by crowding in as much as $2 billion in public and private sector financing for certified green buildings in emerging markets. The UK-IFC Market Accelerator for Green…
Oil giants, ExxonMobil and power firm QIPP, have initiated plans to invest a combined $1.6 billion in the development of gas and power projects in Akwa Ibom State soon. According to The Sun, the initiative would see QIPP invest $1.1 billion in the building of a gas power plant with ExxonMobil investing $500 million in…
Nigerian National Petroleum Corporation (NNPC) has assured petroleum products consumers across the country not to engage in panic buying in the countdown to depot shutdown by Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) from Monday. The NNPC, countering the impact of the shutdown said it holds 2.6billion litres of petrol and 90,000 metric…
The Chairman of Channels Media Group, owners of Channels Television, John Momoh; the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio and 12 journalists were honoured on Sunday, December 9, at the 13th edition of Wole Soyinka Awards for Investigative Reporting. Stakeholders at the event also emphasised on the dangers journalists…
The Organisation of Petroleum Exporting Countries (OPEC) and other major oil producers yesterday agreed to cut about 1.2 million barrels of oil to address falling oil price, which is currently facing a record low of $63 a barrel. The deal made possible by the cartel and allied oil-producing nations including Russia would see the15-member OPEC…
The United Nations Climate Conference (COP 24) today convened a high-level session launching eight days of focused events and dialogues on Global Climate Action, aimed at building a bridge between government delegates and non-Party, public and private stakeholders in the global response to climate change. The event, which featured United Nations Secretary-General António Guterres, Poland’s…
The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Content Development and Monitoring Board (NCDMB) have committed to growing Local Content in the Oil and Gas Industry from the current 40 per cent to 70 per cent by 2027 as part of strategies to sustain economic development in country. NNPC Group Managing Director, Dr Maikanti…
