Hyde Energy Celebrates 11 Years of Growth and Innovation with a Sports Nigeria’s leading indigenous energy trading company, Hyde Energy, recently celebrated its 11th anniversary with a special Hyde Sports Fest and Family Fun Day tagged #Hydelympics at the Fun Factory in Lekki. The event featured various activities, including a football competition with other major…
EIU predicts higher inflation in Nigeria in 2024 Nigeria is expected to continue facing economic instability in 2024 due to double-digit inflation, according to a report by the Economist Intelligence Unit (EIU). Other countries listed in the report include Angola, the DRC, Egypt, Ethiopia, Ghana, Sudan and Zimbabwe. The EIU noted that inflation will remain…
Record Global LNG Trade to Grow Another 25% In 5 Years – IEF report A new report by the International Energy Forum (IEF) has said that global trade in liquefied natural gas (LNG) hit a record high in 2022 and is expected to grow by another 25 percent to 500 million tons annually in five…
Oil Prices Declines as Supply Grows Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5% to a four month-low on Thursday on worries over global demand. Brent futures edged up 7 cents, or 0.1%, to $77.49 a barrel at 0702 GMT. U.S. West…
Accugas Awards Scholarship to 50 Students in Akwa Ibom Accugas Limited, the midstream subsidiary of Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, is pleased to announce that it has granted full university education scholarships to 50 students from Akwa Ibom State through the Savannah Energy Education…
Ghana Petroleum Commission Chief says more Flexible Oil Royalties Regime to Spur Investment Ghana plans to introduce a more flexible oil royalties regime as soon as next year to spur investment and reduce risk for energy companies, the head of the state oil sector regulator said on Thursday. Egbert Faibille Jr, CEO of Ghana’s Petroleum…
Worldstage Economic Summit 2023: Stakeholders Strategises for Power Success Pioneer and successful players in startup businesses have unanimously advised that success could only come in the way of upcoming entrepreneurs through passion and perseverance than the desire to get rich quick. They gave the advice on Thursday at the breakout session on the WorldStage Economic…
SNPC Hosts The 5th Meeting Of APPO Noc Ceo’s In Brazzaville: A Pivotal Day Of Commitment And South-South Collaboration Société Nationale des Pétroles du Congo (SNPC) is proud to have hosted the 5th edition of the meeting of CEOs of national hydrocarbon companies of the African Petroleum Producers Organization (APPO), on November 16, 2023 in…
NDPHC Decries Low Invoice Payment for Energy Generated The Managing Director and Chief Executive Officer of Niger Delta Power Holding Company Limited, (NDPHC), Chiedu Ugbo, has decried low invoice payment for energy generated. The GenCo is owed over N180bn debt. According to Ugbo, huge indebtedness had impacted on the speed at which the company would…
Okwuosa Canvases for Increased Support from Afreximbank to African EPC Firms To improve on infrastructural development as well as reduce capital flight, Chairman/GCEO of Oilserv Group, Engr. Emeka Okwuosa, CON, has called on the African Export-Import Bank (Afriximbank) to increase financial support for African companies providing Engineering, Procurement and Construction (EPC). He made the call…