Eskom Seeks $21 Billion for Power Grid Upgrade. Eskom, South Africa’s state-owned power company, is on the hunt for investors. Their CFO, Calib Cassim, will be attending the Invest in African Energy forum (IAE 2024) in Paris to secure $21 billion over the next decade. The Problem: Power Outages and Aging Infrastructure South Africa has…
NNPC Fights Oil Theft, Seeks Help from Anti-Corruption Agency Nigeria’s national oil company, NNPC Ltd., is calling for help from the country’s anti-graft agency, the EFCC, to combat the widespread theft of crude oil. NNPC CEO, Mele Kyari, made the plea during a meeting with EFCC Chairman, Ola Olukoyede. Kyari described oil theft as a…
Oil Rises on Signs of Strong Demand and Rate Cut Hopes Oil prices climbed on Wednesday, driven by indications of robust global demand, particularly from major consumer the United States. Additionally, optimism surrounding potential rate cuts by the Federal Reserve further boosted market sentiment, despite lingering concerns about inflation in the U.S. Evidence of strong…
NCDMB Lauds President Tinubu Oil Sector’s Executive Orders for Reinforcing NOGICD Act, SLA The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Monday applauded President Bola Ahmed Tinubu, GCFR, for announcing three Presidential Executive Orders directed at incentivizing the Nigerian oil and gas industry, encouraging new investments…
Digitalisation in the Nigerian Energy Sector: NLNG’s Perspective Since the dawn of the century, digital technology has continued to make enroute into key sectors of the global economy as efficiency and effectiveness drive growths. The energy sector which is the mainstay of the Nigeria’s economy, particularly the oil and gas industry, is not left out…
Uganda Expecting First Oil in 2025 The National Content Specialist for Uganda National Oil Company (UNOC), Jessica Kyeyune, has said the country is expecting first oil in 2025. Kyeyune, disclosed this in an exclusive interview with Majorwaves on the sidelines of the 8th Sub-Saharan Africa International Petroleum Ex- hibition and Conference (SAIPEC), which held in…
Cainergy Group appoints Ritchie Wingo as its New GCOO Cainery Group, an oil and gas service company, founded in Dubai, UAE and incorporated in Nigeria, has appointed Ritchie Wingo as its new Group Chief Operating Officer. Wingo will lead operations across all the company’s subsidiaries, including Cainergy International Limited, Subdrill, Cainergy Downstream, Cainergy Construction, and Data…
Seplat Energy achieves ISO 26000 Endorsement on Social responsibility Seplat Energy Plc has achieved the ISO 26000 endorsement on social responsibility. The company described it as a major milestone that reinforces its commit- ment to social responsibility. In a statement lmade available to Ma- jorwaves, Seplat said its ISO 26000 journey started in September…
TotalEnergies begins Production at Nigeria’s Akpo West Field TotalEnergies and its partners have begun production from the Nigeria’s Akpo West field on the Petroleum Mining Lease (PML) 2. This was disclosed by TotalEnergies in a statement obtained by Majorwaves. According to the company, Akpo West is tied back to the existing Akpo Floating Production Storage…
Nigeria’s Petroleum Minister Lokpobiri offers Clarity on Issues around OPL 245 The Minister of State for Petroleum Resources (oil), Senator Heineken Lokpobiri, has offered clarity on Oil Prospecting Licence (OPL) 245. A key oil block, OPL 245, has been sub- ject to various litigations across different jurisdictions. It is estimated that the block holds over…
