Author: majorwavesen

NEWS | INFRASTRUCTURE | POWER

Meter Manufacturers Seek Government Intervention to Tackle Forex Crisis, Inflation and Instability in Metering Sector
Bymajorwavesen January 31, 2024

Meter Manufacturers Seek Government Intervention to Tackle Forex Crisis, Inflation and Instability in Metering Sector The Association of Meter Manufacturers of Nigeria (AMMON) has called on the President Bola Tinubu-led government to take urgent action to address the challenges facing the metering sector, including foreign exchange fluctuations, inflation, and instability. AMMON, which represents the interests…

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OIL AND GAS | NEWS

TotalEnergies Embraces All Facets of Energy in Nigeria, Pledges Commitment to Renewables
Bymajorwavesen January 29, 2024

TotalEnergies Embraces All Facets of Energy in Nigeria, Pledges Commitment to Renewables TotalEnergies, a leading international energy company, is solidifying its position as a comprehensive player in the Nigerian energy landscape, actively participating in all segments from upstream exploration to downstream retail. This was the message Dr. Charles Ebereonwu, Country Communication Manager for TotalEnergies in…

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NEWS | INFRASTRUCTURE

CBN Releases $500 Million to Address Forex Backlog, Aims for Stable Naira and Investor Confidence
Bymajorwavesen January 29, 2024

CBN Releases $500 Million to Address Forex Backlog, Aims for Stable Naira and Investor Confidence Nigeria’s Central Bank (CBN) continues its efforts to ease foreign exchange (FX) liquidity issues, injecting another $500 million into various sectors to clear verified liabilities. This move follows last week’s disbursement of approximately $2.0 billion to settle outstanding commitments in…

Read More CBN Releases $500 Million to Address Forex Backlog, Aims for Stable Naira and Investor Confidence
INFRASTRUCTURE | NEWS

Household Kerosene Prices Soar in December 2023, Burdening Nigerian Consumers
Bymajorwavesen January 29, 2024

Household Kerosene Prices Soar in December 2023, Burdening Nigerian Consumers A spike in the average retail price of household kerosene (HHK) cast a shadow on Nigerian households in December 2023, according to the National Bureau of Statistics (NBS). Consumers grappled with a 5.84% increase in the average price per liter compared to November 2023, shelling…

Read More Household Kerosene Prices Soar in December 2023, Burdening Nigerian Consumers
MARITIME | NEWS

Maritime Legal Expert Dr. Emeka Akabogu Celebrates 50th Birthday with Book Launch
Bymajorwavesen January 29, 2024

Maritime Legal Expert Dr. Emeka Akabogu Celebrates 50th Birthday with Book Launch It was a night of celebration and intellectual enrichment as Dr. Emeka Akabogu, a renowned maritime legal expert, marked his 50th birthday with the launch of two insightful books: Ship Arrest in Nigeria and Nigerian Ports Law. The event, held in Lagos,…

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NEWS | OIL AND GAS

NNPC Scores High in Transparency Assessment, Urged to Improve Collaboration with NEITI
Bymajorwavesen January 29, 2024

NNPC Scores High in Transparency Assessment, Urged to Improve Collaboration with NEITI The Nigerian National Petroleum Company Limited (NNPC Ltd) received a positive overall rating in the latest global assessment by the Extractive Industries Transparency Initiative (EITI), a prestigious global transparency body. However, while recognizing NNPC’s progress, EITI also encouraged further improvement and closer collaboration…

Read More NNPC Scores High in Transparency Assessment, Urged to Improve Collaboration with NEITI
Sustainability | NEWS | OIL AND GAS

Heritage Energy, JV Partners Show Commitment to Education with Scholarships and Awards
Bymajorwavesen January 29, 2024

Heritage Energy, JV Partners Show Commitment to Education with Scholarships and Awards Marking International Day of Education, HEOSL and partners awarded 795 scholarships to OML 30 host communities, highlighting their dedication to SDG 4 and the transformative power of education. 795 deserving students from 112 communities received scholarships, reaffirming HEOSL’s commitment to the well-being of…

Read More Heritage Energy, JV Partners Show Commitment to Education with Scholarships and Awards
NEWS | OIL AND GAS

No Ukraine Deal? No Problem, Says Russia as it Eyes Alternative Gas Routes and LNG
Bymajorwavesen January 27, 2024

No Ukraine Deal? No Problem, Says Russia as it Eyes Alternative Gas Routes and LNG Moscow is unfazed by the prospect of Ukraine declining to extend the deal for Russian gas transit to Europe, vowing to utilize alternative routes and sea-borne liquefied natural gas (LNG) in case an agreement isn’t reached. Kremlin spokesman Dmitry Peskov…

Read More No Ukraine Deal? No Problem, Says Russia as it Eyes Alternative Gas Routes and LNG
OIL AND GAS

Shell Swaps Oil for Grease: German Refinery to Become High-Tech Lube Hub
Bymajorwavesen January 27, 2024

Shell Swaps Oil for Grease: German Refinery to Become High-Tech Lube Hub London, UK: In a significant step towards its net-zero goals, Shell announced plans to transform its Wesseling oil refinery in Germany into a state-of-the-art lubricant feedstock production facility by 2025. This bold move marks a strategic shift away from traditional oil refining and…

Read More Shell Swaps Oil for Grease: German Refinery to Become High-Tech Lube Hub
POWER

Power Shortages Bite Harder as Gas Shortage Grips Nigeria
Bymajorwavesen January 27, 2024

Power Shortages Bite Harder as Gas Shortage Grips Nigeria Nigerians facing frustrating power cuts can add another reason to their list: a severe gas shortage that’s crippling power generation. The Transmission Company of Nigeria (TCN) confirmed this grim reality in a recent statement, explaining the dip in electricity allocation to distribution companies and load centers…

Read More Power Shortages Bite Harder as Gas Shortage Grips Nigeria