Shell resumes crude oil export at Forcados Terminal

October 21, 2022

Shell resumes crude oil export at Forcados Terminal

  By Innocent Obasi     Nigeria’s revenue from crude oil could increase shortly as Shell Petroleum Development Company Limited (SPDC) on Thursday resumed crude oil exports at the Forcados Oil Terminal. The Forcados Export pipeline has a capacity to export over 400,00 barrels of crude oil per day. The pipeline was vandalized by crude […]

AEC, Afreximbank sign MoU to boost private-sector investments in Africa’s oil & gas

October 18, 2022

AEC, Afreximbank sign MoU to boost private-sector investments in Africa's oil & gas

By Onome Amuge   The African Energy Chamber (AEC) and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to enhance private sector investments across Africa’s oil and gas industry.   The MoU was signed by NJ Ayuk, the executive chairman of the AEC, and  Benedict Oramah, president, Afreximbank, during the first […]

WiSolar to supply power to South Africa’s Teak Place Estate homes

, March 26, 2022

WiSolar to supply power to South Africa’s Teak Place Estate homes

WiSolar, the pan-African solar electricity company and South African Teak Place Estate have struck a partnership that will see the former deploy its electricity skills to provide solar power in the homes being developed by the latter. WiSolar is expected to provide its award winning solar electricity pack to homes in Teak Place Estate as […]

Seplat saw its Q1 revenue rose 16.8% to $152.4m with increased operational efficiency and cost reduction strategy

April 30, 2021

Oil firm reported $28 million in Q1 PBT; declares $2.5 cent dividend   Charles Abuede   With the 2021 expected production guidance between the average of 48,000 to 55,000 barrels of oil equivalent per day (boepd), Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company, in its unaudited results for the three months ended […]

NNPC collaborates with Usmanu Danfodiyo University to develop energy conversion, storage system

Goddey OdinMarch 6, 2021

…Project’s details not known yet …Energy experts seek more credible gown-town partnership   Ben Eguzozie, in Port Harcourt   The Nigerian National Petroleum Corporation (NNPC) is to collaborate with the Usmanu Danfodiyo University (UDU), Sokoto, to develop an energy inter-conversion and storage system which would serve as catalyst for Nigeria’s economic development and transformation.   […]

NLNG’s $7bn Train 7 faces headwinds over alleged non-compliance with Bonny Kingdom, core host’s local content

Goddey OdinMarch 5, 2021

…BKLCCC accuses gas company of neglect of its contractors …But NLNG says it considers core host as trusted partner   Ben Eguzozie, in Port Harcourt   Nigeria’s foremost gas liquefaction company’s (NLNG) incoming $7 billion Train 7, which is the country’s boldest effort in gas business in nearly a decade, faces headwinds over alleged non-compliance […]

Optimism grows on oil demand returning 100mbd

September 29, 2020

The whiff of optimism being expressed in respectable quarters about chances that oil demand could yet return to the psychological comfortable figure of 100 million barrels per day received another heavyweight support last week with ConocoPhillips joining the fray to issue a forward-looking statement that demand will not only return to that number but that […]

Ewelukwa takes over as NBET acting MD

December 26, 2019

Mr. Nnaemeka Ewelukwa has taken over as the acting Managing Director/CEO of the Nigerian Bulk Electricity Trading Plc (NBET). He took over from Dr. Marilyn Amobi, who left the post on a ministerial order Tuesday. The Minister of Power, Engr. Sale Mamman, had asked Amobi to step down immediately over complaints raised by staff and […]