April 01, 2026 BP’s new chief executive officer Meg O’Neill has pledged consistency and clear direction in her first message to staff as she takes over the top job at the UK-based supermajor effective April 1, amid very turbulent times for both the company and the energy industry. “I’m committed to providing clear direction and […]Read More
April 1, 2026 The Vice President, Sen. Kashim Shettima will, on Tuesday, April 7, perform the formal flag off the first University Innovation Pods (UNIPOD) in Nigeria at the University of Lagos. UNIPOD, an initiative of the United Nations Development Programme (UNDP) in partnership with the Federal Government of Nigeria, aims to reconfigure Nigeria’s development […]Read More
…Commends NUPRC, Sets New Goal of 3bcf by 2030 Renaissance Africa Energy Company Nigeria Ltd has commended the regulatory reforms of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), praising the Commission for driving its recent production growth, including a record 2.2 billion cubic feet (bcf) of gas output. The company’s Managing Director and Chief Executive […]Read More
The decision by African Export-Import Bank to anchor a $4 billion financing package for the Dangote Petroleum Refinery and Petrochemicals is more than a vote of confidence in a single industrial project—it is a bold statement about Africa’s economic direction and its readiness to take charge of its destiny. For decades, Nigeria’s oil paradox has […]Read More
April 1, 2026 President Bola Tinubu demonstrated foresight in July 2024, when he approved the use of the naira as the payment currency for crude oil supplied by the NNPC to the Dangote Refinery. Since the launch of the naira-for-crude initiative on October 1, 2024, Nigeria has experienced a strategic breakthrough amid the ongoing economic […]Read More
March 31, 2026 An Iranian drone reportedly hit a Kuwaiti oil tanker anchored at Dubai port, setting the vessel on fire, media reported earlier today, adding in later updates that the fire has been brought under control, per statements by the Dubai authorities, cited by Reuters. The very large crude carrier Al Salmi, with a […]Read More
March 31, 2026 At least 28 ships, including vessels carrying crude oil, liquefied petroleum gas (LPG), and LNG supplies to India, are currently stranded near the Strait of Hormuz, the Indian government has confirmed. The vessels include at least 10 foreign-flagged cargoes with supplies to India and 18 India-flagged ships, including those carrying energy products, […]Read More
The technology, applied as a small additive during plastic production, remains stable during usage but activates when exposed to environmental elements such as heat, air, and ultraviolet light. Once triggered, it breaks down plastic into a biodegradable substance that is consumed by microorganisms, leaving only carbon dioxide, water, and biomass. Importantly, the solution is designed […]Read More
March 31, 2026 Chevron’s Wheatstone LNG plant offshore Australia has suffered “extensive damage” from a cyclone that recently passed through Australia. The two liquefaction trains at the facility remain shut, Reuters quoted Chevron’s Australian director of operations and maintenance as saying. “We have a number of fin fans or air-cooled heat exchangers that sustained some […]Read More
Nigeria is among 14 African nations set to benefit from a new $11.3 million renewable energy initiative backed by the African Development Bank (AfDB) and its partners, aimed at expanding electricity access in fragile and underserved communities. The funding follows the approval of a $5.65 million reimbursable grant by the AfDB’s Board of Directors through […]Read More
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