Oil, Gas Prices Drop as Investors Watch Diplomatic Moves in Israel-Hamas War Oil and natural gas prices fell on Monday as investors continue to watch diplomatic moves to stem the tide of war between Israel and Palestine militia group, Hamas. Hamas recently attacked Israel in a dramatic fashion, firing about 5,000 missiles into the country,…
NNPC Limited’s Bright Business Outlook When the Petroleum Industry Bill was signed into law in July 2021, some of its key objectives were make the NNPC Ltd to operate as a commercial entity and do its business profitably, pay taxes like every other company, and make returns to its shareholders. Furthermore, a time frame was…
Hyperscale Companies, Local Experts Must Collaborate – Schneider Schneider electric is pushing for stronger ties to be formed between hyperscale companies and local expert in bringing technical expertise and investment capabilities in Africa. Hyperscale refers to a computing infrastructure’s ability to rapidly and efficiently scale with demand, especially in data centres and cloud platforms, by…
Terminal Operators have Justification to Raise Charges — Farinto Former Acting National President of the Association of Nigerian Licensed Customs Agents, ANLCA, Dr. Kayode Farinto, has said that rising cost of diesel, declining value of the naira and high rate of inflation, among other factors, justify the need for upward review of terminal operators’ charges….
Gazprom Advocates Natural Gas as Catalyst for Africa’s Development Representing both a low-carbon and widely accessible energy resource, natural gas has emerged as a critical driver of sustainable development in Africa. The continent’s energy security and just transition ambitions can both be met with the monetization of gas, and during the African Energy Week (AEW)…
TotalEnergies Marketing Holds Power Segment Seminar for stakeholders in Lagos TotalEnergies Marketing Nigeria Plc, a leading lubricants supplier in the country, organised a Power Segment Seminar for its customers and partners in Lagos on Wednesday October 11, 2023. The seminar was attended by more than 60 people from various industries of the energy market, such…
Qatar supplies gas to Europe, vying with US to replace Russia supply Qatar has agreed to supply Shell in the Netherlands with gas for 27 years, the second such deal with a European buyer in a week, as the Gulf state competes with the United States to help Europe replace lost Russian supplies. Shell’s agreement…
Israel Said to Divert Oil Imports to Red Sea Port to Avoid Targeting Israel is being forced to divert crude oil imports from its main Mediterranean terminal due to the escalating Gaza conflict, with Bloomberg reporting that an oil tanker is currently heading toward the country’s Red Sea port to avoid becoming a target in…
The U.S. Plans to Buy 6 Million Barrels of Oil for the SPR at $79 The U.S. Department of Energy wants to buy 6 million barrels of crude oil for the strategic petroleum reserve as part of efforts to refill it after a massive release last year of close to 200 million barrels. The release…
Heirs Holdings Oil & Gas becomes Heirs Energies Heirs Holdings Oil & Gas recently underwent a significant rebranding, revealing its new identity as Heirs Energies Limited along with a fresh logo and color scheme. This move solidifies the company’s commitment to catering to Africa’s distinctive energy requirements in an environmentally sustainable way. With a vision…
