Energy
11 Oct
Shell companies in Nigeria have awarded contracts amounting to $1.9 billion to registered Nigerian contractors within a year. According to a 2023 Shell Briefing Note obtained by The Guardian, the oil multinational also paid $1.36 billion...
10 Oct
With the completion of the construction and equipping of the West African Power Pool (WAPP) Information and Coordination Centre (ICC), the organisation is finalising arrangements to commence day-ahead electricity trading in the regional market. In a statement made available by General Manager, Public Affairs, Transmission Company of Nigeria (TCN), Ndidi Mbah, the firm said the…
4 Oct
Industry stakeholders have expressed worry about over-reliance on the importation of solar panels in Nigeria, insisting that manufacturing the components locally remains more sustainable. International Renewable Energy Agency Following the consistent naira depreciation, the average cost of installing solar systems in the country reportedly rose by 120 per cent to N550,000 in 2023, from N250,000…
4 Oct
A move by Nigerian Navy Holdings, through its subsidiary, Admiralty Exchange Limited in partnership with AYM Shafa Holdings, promises to curb the gas explosion in Nigeria and enhance domestic utilisation of the commodity. The development will also reduce the supply gap in the country as the government seeks to boost LPG supply to three million…
4 Oct
While Africa is yet to find its path in the geopolitical landscape of renewable energy, China dominates the sector as jobs in the industry reached 13.7 million in 2022. The International Renewable Energy Agency (IRENA) and the International Labour Organisation (ILO) in the latest edition of ‘Renewable Energy and Jobs: Annual Review 2023’, released on…
4 Oct
.Local crude output soars by 110,000bpd Nigeria has increased its crude oil output by about 110, 000 barrels per day, stabilising the global oil market and pushing the Organisation of Petroleum Exporting Countries (OPEC) output to 27.73 million barrels per day (bpd) in September. Nigeria and Iran in September, provided additional 120,000 barrels per day…
27 Sep 2023
I would like to commend the President for creating the Ministry of Marine and Blue Economy. Previously, we had the Ministry of Transportation, which included aviation and marine, creating a cumbersome structure.
20 Sep 2023
Nigeria, Africa’s economic powerhouse, stands on the cusp of a transformative and industrial revolution. With a population surpassing 200 million and a rapidly expanding economy, the quest for sustainable and efficient energy sources has reached a paramount significance. In this article, KINGSLEY JEREMIAH delves into how natural gas assumes a central role in propelling economic…
20 Sep 2023
Under the auspices of UAE President HH Sheikh Mohammed bin Zayed Al Nahyan, a staunch advocate of sustainability, Abu Dhabi Sustainability Week (ADSW) is set to host the forthcoming edition of ADSW at the 2023 United Nations Climate Change Conference (COP28).
20 Sep 2023
African Refiners and Distributors Association (ARDA) will focus on the need for sustainable petroleum refining in Africa at the 24th World Petroleum Congress (WPC) in Calgary.
18 Sep 2023
Dr Diran Fawibe is the Chairman and Chief Executive Officer of International Energy Services Limited (IESL).
18 Sep 2023
Stakeholders have said fresh investments are key to addressing challenges facing the power sector.