OPEC Lowers Oil Demand Forecast Amid U.S. Tariff Disputes and Market Instability Global oil demand growth outlook revised down as trade tensions and economic uncertainty take a toll. The Organization of the Petroleum Exporting Countries (OPEC) has lowered its global oil demand growth forecast for 2025, citing growing economic pressures from the ongoing U.S. trade…
Nigeria Secures Over $5 Billion in Gas Investments in One Year — NGA President Reforms under Tinubu administration spark surge in gas sector funding and global interest. Nigeria’s gas sector has attracted more than $5 billion in fresh investments over the past year, signaling renewed confidence in the industry, according to the President of the…
Nationwide Blackout Threat as Power GenCos Warn of Shutdown Over ₦4 Trillion Debt Power generation companies sound the alarm over mounting unpaid bills, say immediate government intervention is needed to avoid crisis. Nigeria is on the brink of a nationwide blackout as power generation companies (GenCos) threaten to shut down operations due to an overwhelming…
Tony Elumelu: “Fix Power to Fix Nigeria” – Transcorp Chairman Speaks at AGM 📍 Photo Caption: Chairman of Transcorp Group, Tony Elumelu At the Annual General Meeting of Transcorp Group, held in Abuja on Wednesday, Chairman Tony Elumelu emphasized a critical truth: Nigeria’s dream of building a $1 trillion economy hinges on fixing the nation’s…
Nigeria’s Oil and Gas Reserves Update: 37.28 Billion Barrels of Oil, 210.54 TCF of Gas – NUPRC Nigeria’s energy sector remains a critical pillar of the nation’s economy, and recent data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reaffirms the country’s strong position in the global oil and gas landscape. As of January…
Nigeria’s Natural Gas Reserves Hit Historic High of 210.54 Trillion Cubic FeetCrude Oil and Condensate Reserves Now Stand at 37.28 Billion Barrels as NUPRC Affirms National Petroleum Position for 2025 Abuja, Nigeria — April 11, 2025 — In a significant development that underscores Nigeria’s growing status as a key global energy player, the Nigerian Upstream…
Swedish Algae Factory Scales Up: Algae-Powered Innovations Set to Transform Beauty, Battery & Green Tech Industries Swedish Algae Factory, a trailblazer in sustainable biotechnology, is taking a bold step forward by scaling up production of its revolutionary algae-based material, Algica®. This patented material, derived from the microscopic marine marvel known as diatoms, is already making…
Africa Must Lead Its Energy Future – Sahara Group’s Wale Ajibade Calls for bold, collaborative, and inclusive strategies ahead of ARDA Week 2025 Africa’s journey toward energy security and sustainable development demands bold and immediate action, powered by innovation, collaboration, and equity, says Wale Ajibade, Executive Director at Sahara Group, a leading global energy and…
Society of Energy Editors Welcomes Ojulari as NNPCL’s New GCEO Abuja, Nigeria – The Society of Energy Editors (SEE) has hailed the appointment of Engr. Bayo Ojulari as the new Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL). The announcement has sparked renewed optimism about the future of Nigeria’s oil and gas…
Ojulari’s Appointment as NNPCL GCEO Garners Praise from NEITI and Energy Editors Abuja, Nigeria – In a move seen as pivotal for Nigeria’s oil and gas sector, Engr. Bayo Ojulari has been appointed as the new Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL). The appointment has been warmly welcomed…
