Russia Africa Summit: FG promises speedy completion of Ajaokuta steel company *Achieved 97%completion Due to the quest for rapid industrial revitalization, the Federal Government has stated that speedy completion of Ajaokuta steel company was a major motivation that encouraged her to attend the Russia African Summit. The Vice President, Kashim Shettima, who stated this while…
Sahara Power Group highlights sustainability milestones in Gree’n’lectric e-zine Africa’s largest private power business, Sahara Power Group (SPG), has released the second edition of Gree’n’lectric, an e-zine dedicated to promoting clean energy and environmental responsibility in the continent’s power sector. SPG, a Sahara Group company comprising Egbin Power, First Independent Power Limited (FIPL), and Ikeja…
Chevron Nigeria Limited Onboards Agbonu Ogulagha-Ibe Host Community Development Trust (HCDT) Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL, (“NNPCL/CNL JV”), has successfully completed an onboarding workshop for members of the Board of Trustees (“BOT”), Management Committee (“MC”) and Advisory Committee (“AC”) of the…
Wabote Advocates Corporate Governance for Indigenous Oil Firms, lauds Aradel Holdings Indigenous oil and gas companies must instill principles of corporate governance in their operations if they are to grow and achieve sustainability, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has said. Speaking virtually on Friday…
Rethinking Policies for Nigeria’s Petroleum Industry At the 23rd Petroleum Policy Roundtable of the energy think-tank, Centre for Petroleum Information (CPI), speakers and participant reached a consensus that in the near-term Nigeria must use its fossil fuel to diversify as the global energy transition is unstoppable. Local must upscale capacity to finance future fossil fuel…
NNPCL Enters Partnership with NIPCO to Provide CNG to Over 200,000 Vehicles Daily, Reduce Transportation Costs In line with the directive of President Bola Tinubu to provide alternative fuel option to Nigerians following the removal of subsidy on Premium Motor Spirit, the Nigerian National Petroleum Company Limited has entered into partnership with NIPCO Gas Limited…
Oil Prices Jump as Saudi Arabia Extends Oil Production Cut Oil prices jumped on Thursday after Saudi Arabia said it would extend its unilateral voluntary cut of 1 million barrels per day (bpd) into September, adding that the cut could be extended or extended and deepened. Minutes after the Saudi announcement via the official Saudi…
Niger Coup Puts $13 Billion Nigeria-Europe Gas Pipeline Project in Jeopardy A $13 billion project aimed at constructing a gas pipeline connecting vast gas fields in Nigeria to Europe faces a threat following the recent coup d’état in Niger. The pipeline, which has been a topic of discussion for a long time, spans 5,600 kilometres…
Energy Transition requires Deeper Collaboration Between Global North and South – Report To overcome a new “North/South divide” on the pace and priorities of energy transition, so as to make progress on reducing carbon emissions from the energy sector, advanced economies need to deepen their engagement with developing countries, a new report by the International…
Russian Crude Oil Exports Plunge to January Lows Russian crude oil exports by sea continued to decline in July and averaged below 3 million barrels per day (bpd) in the four weeks to July 30, the lowest four-week average since the start of the EU embargo, tanker-tracking data monitored by Bloomberg showed on Tuesday. Russia…