Cosmo Energy Faces Uphill Battle Against Hostile Takeover Bid in Oil Refining Sector Cosmo Energy, the third-largest oil refiner in Japan, may face challenges in garnering shareholder support to resist a hostile takeover bid from activist investors, according to Cosmo’s CEO, Shigeru Yamada. In a Reuters interview published on Friday, Yamada voiced apprehensions about the…
Nigeria, Saudi sign MoU on Energy cooperation The Nigerian government and Saudi Arabia have signed a Memorandum of Understanding, MoU, aimed at enhancing energy cooperation between the two nations and promoting capital investment. The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, signed on behalf of the Federal Government, while the Energy Minister…
Nigerian Navy Deploys Warships, Aircrafts, Gunboats to Stamp out Maritime Smuggling In a resolute move to stamp out smuggling, piracy, oil theft, and other illicit activities plaguing the maritime space, the Western Naval Command (WNC) of the Nigerian Navy (NN), Thursday launched Operation Water Guard (OP WG). Deployed for the operation were four capital ships…
US Treasury: Adeyemo hopes Congress will extend US-AGOA U.S. Deputy Treasury Secretary Wally Adeyemo on Thursday said he hoped Congress would extend a trade program that grants exports from qualifying African countries duty-free access to the U.S. market, hailing the strategic opportunities in the region. Adeyemo told the Reuters NEXT conference that the two-decade-old African…
Nigeria’s Crude Inflow into Global Markets Affected by Russia-Ukraine Crisis, Reveals NNPC Ltd. Nigerian National Petroleum Corporation, (NNPC) Ltd. has shed light on the repercussions of the ongoing conflict between Russia and Ukraine, revealing how it has affected the inflow of Nigerian crude oil in the global oil market. This has resulted in a decline…
TUC Pickets TotalEnergies, Fedoz over Unfair Labour Practices The Trade Union Congress, TUC has threatened to shutdown all oil and gas operations in the country over unfair labour practices allegedly meted out to its members by two oil firms, Fedoz Nigeria Limited and TotalEnergies EP Nigeria Limited. The organised labour is accusing Fedoz Nigeria Limited,…
Decarbonising Nigeria is Feasible with Current Power Technologies “Decarbonising Nigeria is feasible with current power technologies and will not cost more,” Wale Yusuff, Managing Director of Wärtsilä Nigeria has disclosed. Meeting last week in Abuja and Lagos for the 2023 Energy Transition Forum, Nigeria’s leading energy experts have outlined the country’s roadmap to decarbonisation, and…
Lekeh Development Foundation Electrifies Rivers Community with Solar Power The Lekeh Development Foundation has launched solar powered electricity for Kaani community in Khana Local Government Area of Rivers State, as part of its Power-Up Ogoni Campaign for climate solution. The Power-Up Ogoni campaign by Lekeh Development Foundation in collaboration with 350.Org launched in Kaani, saw…
Blue Economy Initiative Key to Africa’s Prosperity – Tinubu President Bola Ahmed Tinubu has charged African leaders on the need to prioritize the Blue Economy, noting that it holds the key to Africa’s prosperity. Speaking at the 43rd Annual Council of the Port Management Association of West and Central Africa (PMAWCA) conference on Monday, he…
MOSOP Accuses UNEP of Compromising Report over Shell The Movement for the Survival of the Ogoni People, MOSOP, has accused the United Nations Environment Programme, UNEP of compromise in order to protect the Shell Petroleum Development Company of Nigeria Limited, SPDC, on its environmental impact assessment report on Ogoniland. MOSOP President, Fegalo Nsuke, said the…
