IPMAN Flays NNPCL for Allegedly Reintroducing Fuel Subsidy Payments The Independent Petroleum Marketers Association of Nigeria, IPMAN, has raised the alarm over alleged secret reintroduction of fuel subsidy payment by the Federal government. Recall that President Bola Ahmed Tinubu on assumption of office on May 29th 2023, announced the total removal of subsidy on petrol…
Kenya to Build Nuclear Power Plant in 2027 Kenya has announced that it intends to kick off the construction of its first nuclear power plant in 2027, as the country seeks to further diversify its energy generation amid rising demand and push for zero-carbon energy, The East African reports. Disclosing the plans, Acting CEO of…
NNPC/SNEPCo Scholars Record Outstanding Results in Examinations Beneficiaries of the National Cradle-to-Career programme of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) recorded outstanding performances in two secondary school examinations, as the initiative continues to offer opportunities for bright young Nigerians to achieve their educational ambitions. Of the…
TotalEnergies Sells 40% Interest in Angolan Oil Block to Petronas Ahead of its Development TotalEnergies has sold 40 percent interest in Angolan Block 20 in the Kwanza Basin to Petronas ahead of its development. The French oil giant made the disclosure in a statement on Thursday. According to TotalEnergies, the transaction was completed for an…
Oil Surges more than $1 as tight Supply Dominates Oil prices surged about 3% on Wednesday, after U.S. crude stocks fell more than expected, adding to worries of supply tightness amid OPEC+ production cuts. Brent crude futures breached $97 a barrel, and was trading up $2.55 to $96.51 a barrel by 11:40 a.m. ET (1540…
Shell CEO Comes Under Pressure From Within on Renewables Shift Shell CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale back investments in renewable energy, sparking an internal debate. The open letter, posted earlier this month…
House of Reps Probe Poor Implementation of Cabotage Act The House of Representatives has resolved to investigate the poor implementation of the Coastal and Inland Shipping Act 2003 also known as the Cabotage Act. The poor implementation of the Act, which restricts the use of foreign vessels in domestic coastal trade to promote the development…
TotalEnergies Announces Positive Results in Namibia and will Raise Shareholder Payouts French company TotalEnergies announced on Wednesday some positive results at an exploration well in Namibia and added it would increase its returns to shareholders, according to Reuters. The group, besides increasing returns to shareholders, plans to raise its oil and gas production by 2…
Ammon Drums Up Support For The Minister Of Power, Chief Adelabu Adebayo The Association of Meter Manufacturers of Nigeria has come out to put their weight behind, and to seek for support for the new Minister of Power, Chief Adebayo Adelabu who graciously identified the association and invited it to a fact finding meeting which…
Britain Gives Go-Ahead for Biggest New North Sea Oilfield in Years Britain has given the go-ahead for one of its biggest new oil and gas projects in years, Equinor’s North Sea Rosebank field, saying energy security was the priority despite opposition from environmentalists. Wednesday’s announcement comes after Prime Minister Rishi Sunak watered down interim plans…