Utilities for Net Zero Alliance members announce action plan at IRENA Assembly, focused on increasing speed of grid investment and development Today, the Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total…
Africa’s Downstream Opportunities Take the Forefront as African Refiners and Distributors Association (ARDA) Executive Secretary Joins African Energy Week (AEW) 2024
AEW: Invest in African Energy will streamline investment towards Africa’s downstream industry as countries move to make energy poverty history by 2030 The Executive Secretary of the African Refiners and Distributors Association (ARDA), Anibor Kragha, will speak at the…
Chevron alerts the Nigerian public to false recruitment information.
Chevron Nigeria Limited (“CNL”), operator of the Nigerian National Petroleum Company Limited (“NNPCL”) and CNL Joint Venture, has raised alarm over the circulation of false recruitment information by some media amd online channel in the name of CNL and Chevron…
Rand Merchant Bank (RMB) contributes to Acre Impact Capital’s $100 million private debt fund for climate-aligned infrastructure projects across Africa
The fund has announced its first close on 17th of April in which it has successfully raised an equity of ~$100m RMB, one of Africa’s leading corporate and investment banks, has invested in Acre Export Finance Fund I which…
NCDMB Receives $1m Investment Return from NEDOGAS
The Nigerian Content Development and Monitoring Board (NCDMB) on Monday received a cheque of $1 million from Nedogas Development Company Limited (NDCL), being part of the return on investment (ROI) on one of the Board’s strategic investments. The cheque was…
Nigerian Government to partner PETAN for Development of Nigeria’s Oil and Gas Sector
Worried about the dwindling oil production and the need to drive investment in the nation’s oil and gas sector, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri has expressed the federal government’s readiness to collaborate with the Petroleum…
Dangote Refinery Crashes Diesel Price from N1200 to N1000 Per Litre
Dangote Petroleum Refinery, on Tuesday, announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. While rolling out the products recently, the refinery supplied at a reduced price of N1,200 per litre, representing over 30…
FG Allows Local Refineries Pay Crude Oil in Naira to Ease Pressure on Foreign Exchange
Reprieve has come the way of local refiners as the Federal Government has eventually bowed to pressure as it now complies with the demands of domestic crude oil refiners and other operators in the sector, by allowing them to pay…
Gas Supply, Purchase Agreement for Brass Methanol Project To Be Executed In May – Ekpo
The Gas Supply and Purchase Agreement (GSPA) to support the Final Investment Decision (FID) for the Brass Methanol Project is to be executed by May, 2024. Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo announced this today after…
Seplat-ExxonMobil Deal: Nigeria Lost $34 Billion in Oil Output Decline
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that Nigeria lost $34 billion in the last two and a half years due to the fall in production from the assets being divested by ExxonMobil to Seplat Energy,…
