Seplat Energy COO Commends Divestment Initiatives in Nigeria’s Energy Sector The Chief Operating Officer of Seplat Energy Plc, Mr. Samson Ezugworie, has highlighted the success of divestment in Nigeria’s petroleum upstream sector in terms of value creation, realization, and retention for the economy. Speaking during a panel discussion at the 12th Practical Nigerian Content Forum,…
Bulker Faces Consequences for Bilge Discharge Off Australian Coast The owner and master of a Chinese bulker, TS Golf, is facing legal trouble in Western Australia due to an ill-timed discharge of bilgewater. The vessel’s chief mate pumped sulfur-contaminated bilge water from a cargo hold when the ship was transiting off Esperance, 15 nautical miles…
Kyari’s Retention as NNPC Limited GCEO a Reward for Hardwork The GCEO’s reaction to his reappointment was a positive sign that he got the president’s message about the job ahead. A statement issued by the company’s Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, said the GCEO requested stakeholders excited by his reappointment not to…
NNPC to Work with Partners to Reduce Methane Emissions-Eyesan, EVP Upstream NNPC Ltd. has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations. On the sidelines of the ongoing United Nations Climate Change Conference, also known as COP28, taking place in Dubai, the United…
COP28: Italy announces €5 Million contribution to Sustainable Energy Fund for Africa Italy’s contribution aligns with the broader goals of COP28, particularly the objective of tripling the deployment of renewable energy Italy has made a new commitment of €5 million to Africa’s sustainable energy future through the Sustainable Energy Fund for Africa (SEFA) Special Fund….
TCN Achieves 80% Completion of Lagos Projects with CBN Power Intervention The Transmission Company of Nigeria (TCN) has reported that it has achieved over 80% completion of the power projects funded through the Central Bank of Nigeria’s (CBN) N123 billion intervention in the power sector. Mr. Matthew Ajibade, the Programme Manager at TCN in Lagos,…
Fenchurch and NDPHC Ink 150MW Offtake Deal to Enhance Power Supply in Edo, Delta, Ondo Fenchurch Power, an energy-focused company based in Nigeria, has announced the signing of a significant 150 MW offtake framework agreement with key entities in the Nigerian energy sector. The agreement involves collaboration with the Niger Delta Power Holding Company (NDPHC),…
U.S. and Allies Intensify Pressure with Further Sanctions on Russian Oil The United States, European Union, and the United Kingdom are exerting pressure on Liberia, the Marshall Islands, and Panama to enhance oversight of ships flying their flags, ensuring they do not transport Russian oil exceeding the established $60 price cap. This move represents a…
NERC, Stakeholders Express Worry over Electricity Regulations The Nigerian Electricity Regulatory Commission (NERC) and key players in the Nigerian power industry are urging a reassessment of the Nigerian Electricity Act (2023). They underscore the importance of establishing a cohesive and uniform regulatory framework to prevent the proliferation of 37 different electricity industry regulations at the…
Baker Hughes Expresses Interest in Nigeria’s Refining Industry Baker Hughes, a global oil and gas conglomerate based in Houston, United States, has expressed a strong interest in investing in Nigerian refineries. This development aligns with the Nigerian federal government’s intensified efforts to reduce dependence on imported petroleum products. The company is also eyeing participation in…
