Petroleum Industry Impact on Nigeria’s Road Infrastructure
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!-->!-->!-->!-->!-->…
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Fuel Scarcity and NNPC’s Effort to Contain It
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!-->!-->!-->…
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Right Energy Path to a Safer Planet
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,!-->!-->!-->!-->!-->…
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TotalEnergies signs Renewable PPAs with Two South African Firms
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!-->!-->!-->!-->!-->…
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Oil Prices Drop Friday on Rumours of UAE Leaving OPEC
By Yange Ikyaa
After oil prices started relatively steady early on Friday morning, rumors began to circulate that the UAE was considering leaving OPEC and oil prices dropped dramatically.
The Wall Street Journal reported!-->!-->!-->!-->!-->!-->!-->…
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Africa Energy Forum to Kickoff June 20 in Nairobi
By Yange Ikyaa
EnergyNet Limited on Friday announced a partnership with the Kenya Private Sector Alliance (KEPSA) for the 25th Africa Energy Forum (AEF) and Youth Energy Summit (YES!), taking place in Nairobi, Kenya from June 20 to!-->!-->!-->!-->!-->…
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Nigerian President-Elect Advised to Review Power Sector Privatization
By Adaobi Rhema Oguejiofor
Consumer groups and economic experts on Thursday asked the Nigerian President-Elect, Bola Ahmed Tinubu, and his incoming administration to prioritize and hastily review the privatization of the power!-->!-->!-->!-->!-->…
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Many Reported Dead Following Explosion at Illegal Refinery in Rivers
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!-->!-->!-->!-->!-->!-->!-->…
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Oil Profits Fail to Help Nigeria as Trade Balance Returns to Deficit
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!-->!-->!-->!-->!-->…
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Seplat Energy Grows 2022 Revenue to N403.9bn
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!-->!-->!-->!-->!-->…
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