Alles Charis, a leading provider of liquefied petroleum gas (LPG) solutions in Nigeria, has launched its internship programme for National Youth Service Corps (NYSC) members. The initiative which is aimed at providing young professionals with valuable work experience and skills development opportunities reflects the company’s dedication to nurturing talent and fostering career growth. Committed to fostering talent innovation amongst Nigerian Youths, the oil and gas firm in a statement made available to Orient Energy Review said the internship programme will take place across its offices in Abu ..read more

…13 Win Wind Power Contracts To Decarbonize North Sea Oil Operations Thirteen firms have won contracts from Crown Estate Scotland, for offshore wind leases to support North Sea oil and gas decarbonization. The companies include British and French majors, BP and TotalEnergies respectively. Last Friday, Crown Estate Scotland, an independent commercial organization responsible for managing the British seabed, announced that it had awarded leases to 13 companies, including Big Oil’s BP and TotalEnergies, and several UK renewable firms. According to the mandates, the companies will develop offshore ..read more

A report quoting unnamed four traders, has said that between 20 and 25 shipments of Nigerian crude for April loading are still floating on the high seas in Europe, searching for buyers. This development comes on the heels of another report that lingering strikes and protests in the French refining sector and seasonal maintenance at plants elsewhere in Europe cut into the OPEC producer’s sales. Observers say that’s a much weaker position than normal for this time of the month — when trade should be moving on to May’s barrels — and the prices the shipments can fetch are dropping, they said. Each ..read more

A Federal High Court in Lagos has dismissed a lawsuit alleging collusion with foreign companies and agencies, corruption and money laundering against Nigeria LNG, the managing director, Tony Attah, and three others. The others include the general manager commercial, Ufuoma Otemowo, former general manager commercial and non-executive director, Patrick Olinma. They noted that the court papers were initiated via a proxy company, Global Private Investigators Limited. This company was clearly acting on behalf of undisclosed principals as Global Private Investigators Limited has no contractual or ot ..read more

The Price Watch of Nigeria’s National Bureau of Statistics (NBS), has said that a combination of high petrol and diesel costs, added profiteering activities of Point of Sales [POS] operators kept energy prices high in February. According to the group, the average retail price of Premium Motor Spirit [PMS], popularly known as petrol, rose by 54.76% Year-on-Year (Y-o-Y) from N170.42 per litre in February 2022 to N263.76 per litre in February 2023, a deviation from the recently approved price of N185 per litre. Comparing the average price with January 2023 price, the average retail price climbed ..read more

ENGIE Energy Access, one of the leading off-grid providers in Africa and CarbonClear – a data-driven and innovative carbon offset certification company, have announced a partnership in a pioneer agreement to accelerate the use of climate finance by the off-grid sector in sub-Saharan Africa through issuing and selling data-driven and impactful carbon credits. Also working in the partnership is ENGIE Global Energy Management & Sales (GEMS) – the energy management and sales division of the ENGIE Group Under the terms of the agreement, CarbonClear will be using its innovative and fully digital ..read more

The Association of Power Generation Companies (APGC), an umbrella body of the Gencos, has confirmed the collapse of the anticipated minimum 5000 megawatts (mw) Power Purchase Agreement (PPA) activated by market participants in the second quarter of 2022. The PPA was packaged under the coordination of the Nigerian Electricity Regulatory Commission (NERC) and the Nigerian Bulk Electricity Trading Company (NBET). Market participants, including Gencos, distribution companies (Discos), Transmission Company of Nigeria (TCN), gas suppliers and NBET had signed a contract that would ensure that at leas ..read more

President Muhammadu Buhari has said that over 220 vessels involved in maritime criminality within Nigeria’s Exclusive Economic Zone, up to the Republic of Togo, between August 2018 and March 2023, have been prosecuted. He also said over 87 oil tankers involved in various crude oil and product theft had been arrested, as theft of over three million barrels of crude oil was prevented, while 15 million litres of petrol and diesel were recovered. According to him, as part of efforts to address evolving security challenges in the country, especially terrorism and violent extremism, he also inaugura ..read more

The Nigerian National Petroleum Company (NNPC) Limited has named Mr. Jeane-Mare Cordier, a former vice president of the Abu Dhabi National Oil Company (ADNOC) as head of NNPC oil trading arm, the NNPC Trading Ltd. The move, it was gathered, is to strengthen and firm up the negotiating portfolio of the NNPC to enable it survive in the international market. It is believed that in the years that NNPC was a state agency, the trading arm underperformed woefully. NNPC Ltd chief spokesman, Mr. Garba Shehu said in a statement that Cordier’s appointment was in furtherance of the ongoing repositioning d ..read more

Power Generation Companies (Gencos) have called on the incoming federal administration to, as a matter of urgency, defray the N1trillion owed the sector, hasten the performance of operators in the sector. The executive secretary of the Association of Power Generation Companies (APGC), Dr Joy Ogaji, in a chat in Abuja said the incoming administration should also resolve the gas supply challenge that has been bugging power generation. “They should consider the power sector in the exclusive list for foreign exchange waivers, in addition to adequate risk protection mechanism for Gencos against bre ..read more