By Christopher Burke Climate change has become a defining issue in international development impacting global stability, economic progress and human well-being. It is linked to at least 13 of the 17 Sustainable Development Goals (SDGs) making climate resilience and sustainability…
Closing the $1 Trillion Gap: How the private sector can help address the shortfall after COP29 deal
By World Climate Foundation In the early hours of Sunday morning, policymakers at COP29 in Baku finally reached a deal. The governments of wealthy nations will pay developing countries $300 billion a year by 2035 to help with climate mitigation and adaptation. This New…
Simon Stiell, UN Climate Chief Urges G20 Leaders: Prioritize Climate Crisis and Finance as Top Agenda Ahead of Summit”
As G20 leaders prepare to meet in Rio de Janeiro, the United Nations Executive Secretary on Climate Change, Simon Stiell has urged for them to prioritize climate crisis and finance as the top issues to deliberate on. This is as…
NCDMB, Butane Energy, Boost LPG Supply as Kaduna Plant Is Commissioned
The Nigerian Content Development and Monitoring Board (NCDMB) and Butane Energy Limited on Friday recorded a significant milestone in their collective drive to make liquefied petroleum gas (LPG) a widely accessible, cleaner, and more cost-effective fuel option for cooking in…
Millennium Oil, Saltspring strike carbon credit deal
Indigenous oil and gas producers, Millennium Oil and Gas Company Limited (MOGCL) have entered into a collaborative arrangement with American energy solutions provider, Saltspring Energy LLC, to decarbonize operations at the Oza oilfield. The agreement seeks to harness flare gas…
OTL: MDGIF Highlights Integrated Policy, Infrastructure, and Tech Investments as Crucial for Tapping Nigeria’s Abundant Gas Reserves
…Calls for Ongoing Government Support as Nigeria’s Gas Pipeline Network Meets Only 10% of Local Demand The Midstream and Downstream Gas Infrastructure Fund (MDGIF), operating under the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has indicated that a comprehensive…
OTL Africa 2024: First Bank Assures of Continued Investment in Africa’s Oil and Gas Sectors
First Bank of Nigeria (FBN) Plc, has re-affirmed its commitment towards enhancing investment in Africa’s oil and gas sectors. With a robust presence across six African nations and strategic partnerships in the UK, France, and China, the bank is poised…
Heirs’ Energies CFO, Nwanze forecasts $135 billion needed for power sector decarbonization by 2060.
… recommends innovative financing and strategic collaboration to drive Nigeria’s energy transition Samuel Nwanze, Executive Director and Chief Financial Officer of Heirs Energies, has urged the adoption of innovative financing mechanisms, including green bonds and blended finance, to accelerate the…
Nigeria Energy Returns: To Focus on West Africa’s Clean Energy Transition
…Aims to enable sustainable, affordable, and reliable energy access West Africa’s biggest energy event, the Nigeria Energy Exhibition and Conference, is set to gather key stakeholders from across the energy sector as it returns to drive the region’s clean energy…
NNPC Ltd/TotalEnergies’ $550m Ubeta Upstream Gas Project Takes Off
The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an…
