Total producing low cost, low emission Oil & Gas from rich portfolio
While drastically lowering the emissions from its operations, TotalEnergies plans to grow Oil & Gas production by 2-3 % per year over the next five years, predominantly from LNG, thanks to its rich low cost, low emission upstream portfolio. The…
EIB Africa banking survey shows resilience, stress, survival instinct
The 7th European Investment Bank (EIB) Financing in Africa Survey highlights diverse challenges facing sector Women led businesses shown to be more innovative Climate risks threaten financial institutions across continent. Key findings from 2023 report unveiled in Lusaka The EIB…
NCDMB, NNPC, IOCs Seal MoU, Plan 6 Months Oil Industry Contract Cycle
Pursuant to the national target of ramping up Nigeria’s flagging crude oil production, ensuring compliance with the provisions of the Nigerian Content Act, and timely approvals of documents, the Nigerian Content Development and Monitoring Board (NCDMB) on Monday in Abuja…
(Special Report) The rise and rise of Nestoil Group in energy sector, others
In the last couple of years when several oil and gas firms are complaining of hardship and lull in the industry, the Anambra state born billionaire, businessman, and chairman of Nestoil, Dr. Ernest Obi Jackson, has been towering from strength…
Ikeja Electric sinks N250m on Faulty Power Transformer, Boosts Supplies
Major Player in the nation’s energy sector, Ikeja Electric Plc (IE) has ensured improved service to its esteemed customers in the Ikorodu axis of Lagos State recently replaced the faulty 15MVA power transformer at Sabo Injection Substation (ISS) with a…
CSR: NCDMB renovates Primary School in Bayelsa, Hands Over
The Nigerian Content Development and Monitoring Board (NCDMB) has renovated a classroom block, structures and facilities at the Community Primary School II, Dikuma-Ama, Okpoama, in Brass Local Government Area of Bayelsa State. Speaking at the handing over ceremony, the Executive…
ExxonMobil pledges nearly 40,000bpd in new field to Nigeria
Leading global energy group, Exxonmobil is set to raise the bar of investment in the nation’s upstream oil and gas sector in the immediate. This was made public as President Bola Tinubu played host to a delegation consisting of the…
Growing collapse of power grid killing Tinubu’s investment drive
Leading Nigeria’s energy analysts have argued that the recent back-to-back collapse of the nation’s national power grid remains a serious setback for the ongoing investment drive by President Bola Tinubu from recently in India, UAE to currently in United States….
50% of Dangote Refinery production profile to meet 100% local demand—Mgt.
Strong indications emerged Monday from the hierarchy of Dangote Refinery assuring that about 50 per cent of its production profile will meet the intractable local petroleum product demand after all. The group’s Executive Director, Devakumar Edwin, who made this this…
FG silent on funding for planned $20bn investments for steady power
Whereas the Federal Government, through the Power Minister, Adebayo Adelabu at the opening ceremony of the ongoing Nigeria Energy Summit in Lagos on Tuesday, said all is set for the government to invest well over $20bn, efforts made to let…
