International Women’s Day: Heritage Energy Advocates Workplace Gender Equity Ado Oseragbaje, Chief Executive Officer, Heritage Energy Operational Services Limited (HEOSL), operator of the OML 30 Joint Venture between NNPC Exploration and Production Limited and Shoreline Natural Resources Limited Joint Venture (NEPL/SNRL JV) has advocated for work-place gender equity. Ado, made this call on Friday, 8th…
UTM Solicits NCDMB’s Equity Investment, Approvals For Floating LNG Project UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development. The request was made on…
NERC Reports 5.8 Million Metered Electricity Customers in Nigeria According to the Nigerian Electricity Regulatory Commission (NERC), the number of prepaid meter users in Nigeria has reached 5,885,687 out of a total of 13,231,807 registered electricity customers nationwide. As of January 2024, all 12 electricity distribution companies (Discos) in the country collectively metered only 42,961…
Britain Considers New Gas Plants for Energy Security, Despite Climate Concerns. Britain is facing a dilemma between energy security and climate goals. The government announced plans to either build new gas plants or refurbish existing ones to ensure a reliable energy supply and avoid blackouts. Balancing Security and Sustainability: The Need for Gas Backup: Energy Minister…
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…