Industry

By Yange Ikyaa TotalEnergies has signed an agreement with CEPSA to acquire the latter’s upstream assets in the United Arab Emirates with an effective date of January 1, 2023. The assets to be acquired inclue a 20% participating…
Read More...

By Fred Ojiegbe Appreciable progress has already been made in the first phase of road infrastructure development under the Tax Credit Scheme initiative of the Federal Government, which is being financed jointly by the Nigerian…
Read More...

For upward of six decades, Nigeria has remained the leader of other African nations in terms of crude oil production and export volumes. However, for about half of this period, the continent’s largest economy has also largely depended…
Read More...

Adaobi Rhema Oguejiofor In contemporary times, high dependence on energy from fossil fuels has set the world on “fire” and the only thing that seems readily available to put out this fire and provide a safer alternative is clean,…
Read More...

By Yange Ikyaa TotalEnergies on Thursday said it has signed Corporate Power Purchase Agreements (CPPA) with Sasol South Africa and Air Liquide Large Industries South Africa for the supply of 260 MW capacity of renewable electricity…
Read More...

By Moses Patience Chat Many people in Rivers State have been reported dead following an explosion at an illegal crude oil refinery located in Emuohu Local Government Area (LGA) of the state. The incident occurred in…
Read More...

By Moses Patience Chat The Central Bank of Nigeria (CBN) has said that profits from oil production did little in helping to lift Nigeria’s trade balance in 2022, even as the country’s balance of trade position returned to deficit…
Read More...

By Yange Ikyaa Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, in 2022 grew its revenue by 29.8 per cent to N403.9…
Read More...

By Yange Ikyaa Global energy consulting and market research firm S&P Global Commodity Insights has released its latest report, Africa Energy Review and Outlook 2022-23, stating that the continent is also predicted to…
Read More...

By Adaobi Rhema Oguejiofor The Nigerian Bureau of Statistics (NBS) has said that the average price of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, rose by 25.46 percent in 12 months across Nigeria. This was…
Read More...