SERAP Accuses NBET of Unaccounted $69 Million for Electricity Supply to Benin The Socio-Economic Rights and Accountability Project (SERAP) has issued a stern demand for accountability from the Nigerian Bulk Electricity Trading Company (NBET) over the reported $69.3 million received for electricity supply to Benin Republic. A report from the Auditor General of the Federation…
Seplat Energy Honored as Oil & Gas Company of the Year by Leadership Newspaper In a significant nod to its outstanding contributions to the Nigerian energy landscape, Seplat Energy Plc, a prominent independent energy firm with listings on the Nigerian Exchange Limited (NGX) and the London Stock Exchange (LSE), has been bestowed with the prestigious…
SIFAX Group appoints new Executive Director SIFAX Group has announced the appointment of Basil Agboarumi as its new Executive Director, Corporate and Intergovernmental Affairs. Agboarumi, who until recently served as the Managing Director of Skyway Aviation Handling Company Plc (SAHCO), a subsidiary of SIFAX Group, brings a wealth of experience and expertise to his new…
Eni announces a major discovery in block CI-205, offshore Côte d’Ivoire The President of Côte d’Ivoire, Alassane Ouattara, and Eni’s CEO, Claudio Descalzi, have jointly announced a significant discovery in block CI-205, offshore Côte d’Ivoire. Named Calao, this discovery marks the second largest in the country, following Eni’s Baleine field discovery in September 2021. The…
Oil Prices Remain Nearly Flat as Market Evaluates Chinese Demand and North America Supply Increase Oil prices were little changed on Thursday as markets weighed new economic data from China against increasing supply from the Western Hemisphere. Brent crude futures settled flat at $82.96 a barrel. U.S. West Texas Intermediate crude futures ended 20 cents…
Tinubu signs Executive Orders to Offer Incentives for Oil, Gas Projects President Bola Tinubu has taken decisive steps to enhance Nigeria’s investment climate and position the country as the premier destination for oil and gas investments in Africa. According to Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, these directives stem…
NPA Unveils $1 Billion Reconstruction Plan for Tincan Island, Apapa, Rivers, Onne, Warri, and Calabar Port Complexes The Nigerian Ports Authority (NPA) also allocated funds for similar reconstruction as part of the new port development plan for the Badagry deep seaport, Snake Island, Burutu, and Ondo deep seaports. The plans were disclosed on Wednesday, in…
TotalEnergies and QatarEnergy Enter Joint Venture for South African Oil Exploration Block TotalEnergies and its partner QatarEnergy have bolstered their positions in the South African sector of the Orange Basin by farming into offshore Block 3B/4B, the two companies announced on March 6. Situated 200 km off the western coast of South Africa and adjacent…
NLNG Launches Awareness Campaign to Promote LPG Usage and Reduce Health Risks In a concerted effort to drive widespread adoption of cleaner cooking practices, Nigeria LNG Limited (NLNG) has unveiled a comprehensive awareness campaign aimed at promoting the use of Liquefied Petroleum Gas (LPG) across the country, with a particular focus on rural communities. The…
Shell faces calls to safely decommission old assets before Nigeria exit Shell is facing mounting pressure to ensure the safe decommissioning of its aging infrastructure or bear the costs of removal from Nigeria’s Niger Delta region before its anticipated exit. This comes as a report by the Centre for Research on Multinational Corporations (SOMO) highlights…
