Savannah Energy increases Nigerian oil production by 12% – Half-year results show Savannah Energy PLC, the British independent energy company, has released its unaudited half-year results for the six months ended 30 June 2023. The half year (H1 2023) unaudited financial results, made available to TBI Africa, showed that the company’s total revenue grew 8%…
Dangote Cement Ibese sponsors 17 host communities youths on leadership skills As part of its Corporate Social Responsibility (CSR) towards empowering residents of its host communities, Dangote Cement Plc, Ibese Plant has partnered the umbrella youth association, the Yewa Youth Association to stage its maiden Leadership Conference successfully. Besides, the Cement Company also sponsored youths…
Coal Production Surges By 83% at India’s Largest Power Firm India’s state power giant NTPC Ltd reported on Tuesday an 83% jump in coal production from the mines it operates in the first half of the 2023/24 fiscal year as India continues to rely on coal to meet most of its electricity demand. Coal still…
Russian Gas Giant Gazprom Claims Europe’s Energy System is Unstable The European energy system is currently unstable and could face challenges and shortages, according to Russia’s state-controlled gas giant Gazprom, whose deliveries to Europe have slumped since the Russian invasion of Ukraine. “The fact that the systemic deficit has not gone away is manifested not…
NLC, TUC Suspend Indefinite Strike for 30 Days The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), on Monday agreed to suspend for 30 days, the planned indefinite nationwide strike scheduled to begin, Tuesday, October 3, 2023. The decision followed the agreements reached between the organised Labour and the federal government on the provision…
Nigeria at 63 – Chevron Nigeria’s Partnership with Nigeria for socio-economic development As Nigeria celebrates her 63rd independence anniversary, Chevron companies in Nigeria are proud of our partnership and contribution to the social and economic development of the country. In its six decades of operation in Nigeria, Chevron Nigeria has continued to make significant investments in…
Al Ghais OPEC+ Secretary-General says he Expects High Oil Prices amidst Rising Demand The Secretary-General of OPEC+, Haitham Al Ghais, has stated that oil prices are expected to remain high due to increasing energy demand. OPEC+ is a coalition of 23 oil-exporting nations responsible for determining global crude oil sales. “We anticipate demand to grow…
Oil Tensions Mount as Iraq Contradicts Turkey’s Export Claims While Turkey said on Monday that Iraqi oil exports would resume this week through a stalled oil pipeline, Iraq is saying that negotiations are still ongoing, an anonymous Iraqi official told Reuters on Tuesday. “We have further meetings soon and things will be more clear on…
Net-Zero: Africa, Other Emerging Market and Developing Economies Need $2 trn Annually to Reach Goal – IMF To achieve the transition to Net-Zero emissions by 2050 will require substantial climate mitigation investment in Africa and other emerging market and developing economies, which currently emit around two-thirds of greenhouse gases. According to the International Monetary Fund…
NCDMB, Waltersmith Refinery, partner on graduate retraining A 12-month Nigerian Content NC-Remedial Training Programme for young university graduates kicked off on Friday in Port Harcourt, Rivers State, with 29 trainees expected to focus on general skill sets and specialised skill sets that would fit them for oil and gas industry operations. Organised by the Nigerian…