Egbin Power appoints Bounour CEO to drive ongoing transformation
Olivia NnoromSeptember 14, 2022
By Olivia Nnorom The board of Egbin Power Plc, a Sahara Power Group company, has announced the appointment of Mokhtar Bounour as chief executive officer of the company. Bounour’s appointment is expected to accelerate Egbin’s ongoing transformation and propel its energy mix transition towards enhanced environmental sustainability, the board said. Kola Adesina, group managing director, Sahara Power […]
Nigeria’s effort to end oil theft fails to yield desired result
Olivia NnoromSeptember 13, 2022
By Olivia Nnorom The rising level of crude oil theft in Nigeria, which has dominated public discourse in recent months, came to the fore once again on Thursday, 8 September, 2022 when oil sector workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) staged rallies across some of the […]
NLNG delves into carbon capture, hydrogen electrification to support Nigeria’s energy transition
Innocent ObasiSeptember 10, 2022
By Innocent Obasi Nigeria Liquefied Natural Gas (NLNG) Limited is implementing studies on Carbon Capture, Usage, and Storage (CCUS), hydrogen electrification, and evaluating how these can support the country’s energy transition journey, the company said on Thursday. The company hopes to further increase its contribution to addressing energy security concerns with its expansion plan through the ongoing […]
Nigeria’s oil workers protest against oil theft, threaten strike
CHUKS OLUIGBOSeptember 8, 2022
By Chuks Oluigbo Oil workers in Nigeria on Thursday staged rallies in some of the country’s major cities to draw the government’s attention to widespread oil theft which they say is putting their safety at risk, causing serious harm to the economy and the environment, and costing jobs. The oil workers, under the auspices of Petroleum […]
Shell, Exxon launch sale of major Dutch gas venture, sources say
Innocent ObasiSeptember 7, 2022
By Innocent Obasi The 50-50 NAM joint venture between ExxonMobil and Shell, two of the supermajors, in the Netherlands has been put up for sale, with the companies aiming to get over $1 billion for one of Europe’s biggest and oldest natural gas production companies, Reuters reported on Tuesday citing two industry sources. […]
Abuja DisCo deploys meter-on-wheels, urges customers to safeguard power assets
Innocent ObasiSeptember 6, 2022
By Innocent Obasi One of Nigeria’s 11 electricity dstribution companies (DisCos), Abuja Electricity Distribution Company (AEDC), said it has deployed Meter-on-Wheels and mobile Meter Assets Provider (MAP) initiatives to enable customers purchase meters right away without having to wait for months. Donald Etim, chief marketing officer of AEDC, stated at a town hall meeting with electricity […]
Nigeria seeks cooperation with Korea to address energy challenges
Innocent ObasiSeptember 6, 2022
By Innocent Obasi Nigeria is willing to explore partnership opportunities with South Korea in areas that will help to address the country’s energy issues, according to Goddy Jedy-Agba, minister of state for power. The minister, who received a delegation led by Lyeo Woon-Ki, president of Korea-Africa Foundation (KAF), in his office in Abuja, said […]
G7 considering Russian oil price cap ‘urgently’ to limit Moscow’s revenues
Habeeb AdamuSeptember 3, 2022
By Habeeb Adamu The G7 industrialised powers on Friday said they would “urgently” move towards the implementation of a price cap on Russian oil imports in order to stop Moscow from raking in huge profits from soaring energy prices, a major source of funding for its war in Ukraine. Finance ministers from the Group of […]
Shell seals $1bn LNG sales deal with ZIM
Innocent ObasiSeptember 2, 2022
By Innocent Obasi Oil major Shell has sealed a 10-year sales and purchase agreement with Israeli-based shipping line, ZIM Integrated Shipping Service, for the supply of liquified natural gas (LNG) and for 10 LNG-powered newbuild containerships which will operate between Asia and the United Securities Equity Corp (USEC) trade. The agreement signed between ZIM and Shell […]
Chevron opens Q&A series for shareholders with CFO Breber
Innocent ObasiSeptember 1, 2022
By Innocent Obasi Chevron Corporation, one of the world’s leading integrated energy companies, on Wednesday announced the launch of Chevron Exchange Q&A Series. The Q&A Series, Chevron said, will kick off 15 September, 2022 with a virtual fireside chat with Pierre Breber, chief financial officer of the company. A collaboration with Say Technologies, the Chevron Exchange Q&A Series will provide a platform for receiving and […]