Aker Solutions Reports Robust Financial Performance and Positive Outlook for 2024 Aker Solutions AS, a Norwegian engineering company, has provided a comprehensive overview of its strong financial performance for the fourth quarter of 2023 and the entire fiscal year. The company’s outlook for 2024 is optimistic, with intentions to propose a dividend and implement a…
Dangote Refinery Plans to Substitute Nigerian Crude with WTI Midland Additional information has surfaced regarding the decision-making behind the choice of the Dangote Refinery Lekki, the largest single-train refinery globally, owned by Africa’s wealthiest individual, Alhaji Aliko Dangote, to import crude oil from the United States. Insights from credible sources familiar with the agreement suggest…
NIES Summit to Tackle Security, Transition, and Finance Challenges in Oil Sector The Nigeria International Energy Summit (NIES) 2024, scheduled to take place in Abuja from February 26 to March 1, 2024, is poised to delve into the critical aspects of security, transition, and finance within the context of the evolving global energy landscape. With…
NAPE Seeks Collaboration with Lawmakers to Tackle Oil Sector Challenges The Nigerian Association of Petroleum Explorationists (NAPE) is seeking the support of the National Assembly to address inherent challenges bedeviling the oil and gas sector in the country. NAPE, during a courtesy visit to the National Assembly, said the move is needed to drive value…
TCN Restores Grid, Supplies 2,686.135MW to 11 Discos The Transmission Company of Nigeria (TCN) successfully restored the partially collapsed grid, ensuring the transmission of 64,467.24 megawatt-hours (MWH) of electricity, averaging 2,686.135 megawatts (MW), to the 11 Electricity Distribution Companies (DisCos) on Sunday, February 4. According to TCN‘s data, the total energy generated on that day…
NCDMB Commits to Accelerating Approvals for Oil Industry Projects Engr. Felix Omatsola Ogbe, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), has reaffirmed the agency’s commitment to expediting the approval process for requests and documents submitted by operating oil and gas companies. The primary objective of this commitment is to facilitate…
Under Mele Kyari’s Leadership, NNPC’s Profits soared to Record Highs, Exceeding N3.48 Trillion in Three Years Mallam Mele Kyari’s tenure as the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) has been characterized by a remarkable transformation, marked by unprecedented profitability and strategic initiatives. Since assuming office in July 2019, Kyari has navigated…
Clean Energy Illuminates Ife Communities- 1,200 Households Now Have Electricity CESEL-Conserto Joint Venture (JV) and the Nigerian Electrification Project (NEP) bring light and hope to four Ife communities, delivering clean solar-powered electricity to 1,200 households. Key Points: Transformational Impact: CESEL-Conserto JV, with support from the NEP and funding from the World Bank, has successfully provided…
Tinubu to Deliver Inaugural Address to Local and International Oil Industry Stakeholders at Energy Summit President Bola Ahmed Tinubu is slated to deliver his inaugural keynote address at the upcoming 2024 edition of the Nigeria International Energy Summit (NIES) in Abuja. The event, scheduled from February 26 to March 1, 2024, at the International Conference…
Shell Announces Plans to Construct Gas Facility in Nigeria to Supply Fertilizer Plant The gas facility is slated to provide 100 million standard cubic feet of gas per day from the Iseni field to the Dangote Fertiliser and Petrochemical plant. British oil and gas giant Shell has officially approved the development of a gas facility…
