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…
Petroleum Industry Converges For OTL Africa Downstream Energy Week from October, 23 To 26, 2023 The downstream petroleum and gas value chain will converge in Lagos from 23rd to 26th October for the 17th edition of the OTL Africa Downstream Energy Week, (“OTL Africa Downstream”). Organized in collaboration with the Nigerian Midstream and Downstream Petroleum Regulatory…
NNPC Retail A Pearl of Quality Products and Services NNPC Retail has been adjudged as a Pearl of Quality Products and Services. When the Nigerian National Petroleum Company (NNPC) Ltd, then a corporation, set out in the year 2002 to establish a petroleum products retail company as a Corporate Business Unit, it had clear intentions…
Women Dubbed Catalysts for Sustainable and Innovative Development at AEW2023 A Women in Energy Roundtable Discussion during #AEW2023 addressed issues such as tackling energy poverty, overcoming infrastructure challenges, and driving innovative sustainable development in Africa. Featuring a diverse group of influential women leaders in the energy sector, a Women in Energy Roundtable Discussion was held…
Shettima, Xi Jinping meeting: China agrees to complete Abuja-Kano, PH-Maiduguri rail projects It was a major milestone for Nigeria, at the ongoing Belt and Road Initiative (BRI) Forum in Beijing, the People’s Republic of China, as China commits to refinancing and completing the Abuja-Kano and Port Harcourt-Maiduguri railway projects. According to a statement by presidential…
Hyperscalers – the mindful expansion into Africa By Faith Waithaka, Cloud and Service Provider Segment Sales Lead: Anglophone Africa at Schneider Electric and Kevin Kent, Founder & CEO of Critical Facilities Efficiency Solutions The marriage of global expertise with local know-how cannot be overstated. This is particularly true in the case of hyperscaler marketplace…
An Acquisition That Would Create America’s Most Valuable Shale Gas Producer Shale pioneer Chesapeake Energy has approached its peer Southwestern Energy for preliminary talks about a possible acquisition that would create America’s top shale gas producer by market value, Reuters reports, citing sources with knowledge of the matter. The talks are in the early stages…
Is This The End Of Naked Short Selling? American investors have been taken for a trillion-dollar ride by naked short sellers, in what could turn out to be the biggest financial regulatory scandal in North American history. While what is now an all-out war on naked short sellers intensifies, there is a new flashpoint on…
Adelabu Calls for Improved Public-Private Sector Synergy to Address Critical Challenges in Power Sector Nigeria’s Minister of Power, Adebayo Adelabu, has stressed the need to create an improved partnership between the public and private sectors to address critical issues in the Nigerian power sector. The Minister, who made the call at the just concluded 2023…