Heirs Energies Named “Emerging Energy Company of the Year” at Inaugural Energy Times Awards Heirs Energies, Africa’s leading integrated energy company has announced that it has been awarded the “Emerging Energy Company of the Year” at the inaugural edition of the Energy Times Awards. The ceremony, held in Lagos on Friday, April 19, 2024, recognised…
Power Minister Blames Saboteurs and Cartels for Electricity Woes, Advocates State Investment and Rural Electrification Nigeria’s Power Minister, Adebayo Adelabu, has pointed the finger at saboteurs and cartels within the electricity sector for the country’s persistent power outages. Speaking at a program titled “Confronting Nigeria’s Power Challenge as the Nation Migrates to a Multi-Tier Electricity…
Oil Reserves Rise: Expert Calls for Transparency, Investment and Refinery Privatization Nigerian oil expert Joe Nwakwue, Lead Partner at Zera Advisory & Consulting, applauded the Federal Government’s success in growing the nation’s oil reserves to 37.50 billion barrels. However, he urged the government to ensure transparency and continued growth in this crucial resource. Celebrating Growth,…
Axxela to Build Gas Processing Plant in Delta State, Nigeria Axxela Limited, a leading gas and power company in Sub-Saharan Africa, announced a major investment in a new gas processing plant. The facility will be situated in Oil Mining Lease (OML) 56, Delta State, in southern Nigeria. Project Details and Timeline This strategic investment marks…
Platform Petroleum Explores Nigeria’s Marginal Field Potential as Bronze Sponsor at IAE 2024 Paris, April 24, 2024 – Platform Petroleum, a prominent Nigerian operator, is set to participate as a Bronze Sponsor at the prestigious Invest in African Energy (IAE) 2024 forum in Paris. The company’s involvement underscores its commitment to leveraging new investments and…
EKo Disco Wins Big at Energy Times Awards Eko Electricity Distribution Company (EKEDC) emerged victorious at the inaugural Energy Times Awards, claiming the coveted title of “Disco of the Year 2023.” The ceremony, held at the prestigious Eko Hotels and Suites in Lagos on April 19, 2024, recognized EKEDC’s dedication to providing its customers with…
Nigerian Government Announces Shakeup in Power Sector: DisCo Privatization and Metering Contract Revocation The Nigerian government has unveiled a two-pronged approach to address challenges in the electricity sector. In a move aimed at improving distribution efficiency, the Federal Government plans to sell off the five Electricity Distribution Companies (DisCos) currently under the control of banks…
NNPC Ltd, Partner Unlock 12,000bpd Production from Awoba Unit Field Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, have restarted production…
The Shell project
NUPRC, not delaying $1.3bn ExxonMobil assets deal By Ibrahim Musa There are indications that the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the regulator of Nigeria’s upstream oil sector, is not responsible for the alleged delay in granting consent to the sale of $1.3 billion ExxonMobil’s 40 percent stake in Mobil Producing Nigeria Unlimited, MPNU’s assets…
