Tag: oil industry
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IPMAN Backs Dangote Refinery, Eyes Refinery Ownership to Boost Nigeria’s Domestic Refining
Overview: IPMAN Signals Support for Dangote Refinery Redesign The Independent Petroleum Marketers Association of Nigeria (IPMAN) has positioned itself as a strong ally of the Dangote Refinery project while signaling a shift in its own strategy. In a move that could reshape Nigeria’s downstream sector, IPMAN stated its willingness to participate in refinery ownership, contingent…
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Christmas fuel price rollback: expected pump price drop this week
Overview: a Christmas week with potential price reductions As communities prepare for holiday travel and family gatherings, the latest outlook from the Department of Energy – Oil Industry Management Bureau (DOE-OIMB) signals a potential rollback in pump prices during the Christmas week. The bureau noted that several market factors could align to push gasoline and…
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Rollback in Pump Prices Seen Christmas Week as DOE-OIMB Signals Drop
H2: Fuel prices expected to ease during Christmas week As families prepare for holiday travel and festive gatherings, consumers may find some relief at the pump. The Department of Energy – Oil Industry Management Bureau (DOE-OIMB) announced on Friday that downward adjustments in fuel prices are expected to take effect during the Christmas week. While…
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Alberta Premier Presses for New Oil Pipelines Beyond Trans Mountain Expansion
Alberta’s Energy Stance: More Pipelines Needed Beyond Trans Mountain Premier Danielle Smith of Alberta has reiterated a pointed stance on Canada’s energy strategy, arguing that the current plan to expand the Trans Mountain pipeline is not sufficient. Speaking in the wake of ongoing debates about energy policy and Ottawa’s approach to resource development, Smith signaled…
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Nigeria House Probes Oil Firms Over Host Communities Trust Shortfall
Urgent Probe Launched by House of Representatives The Nigerian House of Representatives has ordered a comprehensive investigation into why several oil and gas companies have not remitted the mandated three per cent of their annual operating expenditure to the Host Communities Development Trust Fund (HCDTF). The move underscores growing concern among lawmakers and local communities…
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COP30 Opens in the Amazon: Brazil’s Oil Riches Meet Climate Risk
Opening a New Chapter in the Amazon As COP30 begins deep in the Amazon basin, Brazil faces a defining choice: how to balance its booming oil industry with the escalating climate and environmental pressures in one of the world’s most vital ecosystems. The opening ceremony and surrounding discussions highlight a country navigating the tension between…
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Government Introduces CO2 Emission Control Program
Introduction to the CO2 Emission Control Program The government has recently unveiled an ambitious CO2 emission control program aimed at tackling greenhouse gas emissions from large corporations, particularly in the oil and gas industry. This initiative reflects a growing recognition of the urgent need to combat climate change and its impacts. Background on CO2 Emissions…