Global Oil and Gas Exploration Shrinks as Companies Shift Focus to Lower-risk in Core Assets and Regions Global oil and gas exploration is set to shrink this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to recover from the effects of the Covid-19 pandemic…
Rivers Community Protests Alleged DSS Harassment over Oil Theft The people of Rumueke Community in Emohua Local Government Area of Rivers State on Monday, protested against alleged continuous harassment and arrest of their youths by operatives of the Department of State Services over allegations of oil theft. The aggrieved Rumueke community indigenes, complained that operatives…
EU Readies Energy Package, Countries Split over Gas Price Cap The European Union is set to unveil a package of proposed emergency measures this week including a windfall profit levy on energy firms, but countries are split over the details and whether to impose a cap on gas prices. At a meeting on Friday, EU…
Pipeline Surveillance Contract: Nigeria Worried over the Ripple Effect on the Drive for Good Governance On the 23rd of August 2022, the news that hit the air waves was a pronouncement by the Group Chief Executive Officer, of Nigerian National Petroleum Company Limited (NNPCltd) Mr. Mele Kyari of an award of a Forty-Eight Billion Naira…
Ikeja Electric Seeks Support to Stop Energy Theft, Vandalism Ikeja Electric,is soliciting the support of stakeholders in tackling rising cases of energy theft and vandalism within its network. Head Corporate Communications, Ikeja Electric, Felix Ofulue, conveyed his company’s request at a gathering of community media publishers in Lagos. He lamented the alarming cases of illegal…
Baltic Power Signs Deals to help Build Wind Farm Baltic Power, a joint venture between Poland’s PKN Orlen and Canada’s Northland Power, has signed a series of deals to help build a planned wind farm in the Baltic Sea, PKN Orlen said on Friday. The venture had signed up Germany’s Steelwind Nordenham to help with…
MER Sept 2022 OPEC + Quota A missed window of Opportunity? Current intrigues around the supply of oil in the global market are increasingly becoming complex. Though global failure to invest in upstream activities for some years portends grave danger for future energy needs, it appears that trend is about to change. No thanks to…
Fuelwood Accounts for About 90% of the Total Wood Consumption in Africa – CEO NLNG Amid the global push towards energy transition, fuelwood still accounts for about 90 percent of the total wood consumption in Africa, the Managing Director and Chief Executive Officer of the Nigeria Liquefied Natural Gas (NLNG) Limited, Philip Mshelbila, has said….
Kohler Power Systems Nigeria, opens up its distributor recruitment Kohler Power Systems Nigeria, part of Kohler Power Systems EMEA, has opened its distributor recruitment in recognition of increased capabilities in the region. Having recently announced the addition of five high-power KD generators, the provider of back- up power is now actively recruiting for distribution partners…
Chevron Deepens Tracking Emissions From Operating Facilities In Nigeria Chevron Nigeria Limited (CNL), deploys tracking emssions in its operating facilities in Nigeria. Through this, the company is pursuing lower carbon and strengthens capacity. The oil major in its 2021 Corporate Responsibility Report, said it is focusing operations on methane, flaring and energy management and has…
