Baker Hughes, a global oil and gas conglomerate, has committed to investing in Nigerian refineries, as well as participating in the forthcoming bid round for marginal oil fields in Nigeria. Baker Hughes, headquartered in Houston, US, is one of the world’s largest oil field services companies operating in over 120 countries. Heineken Lokpobiri, Minister of […]Read More
In a bid to reduce unemployment and poverty in Nigeria while building the right capacities, Seplat Energy has empowered more entrepreneurs through its Seplat-C4C youth empowerment programme with over N16 million in seed funding and skills development. The Seplat Energy JV supports Entrepreneurship Fellowship Programme, which aims at developing participants’ leadership skills, social entrepreneurship, and […]Read More
President Muhammadu Buhari has approved the modification of the bid round calendar in an effort to allay investor concerns about the schedule’s proximity to the end of the current administration in the country. This is done in an effort to increase investor confidence in the transparency and continuity of the 2022/2023 Deep Offshore Oil block […]Read More
Timipre Sylva, Nigeria’s minister of state for petroleum, has resigned to run for governor of oil-producing Bayelsa State in the southern Niger Delta, ministry and presidency sources told Reuters on Thursday. Sylva’s resignation comes at a time when Nigeria is in the midst of a political transition, with President Muhammadu Buhari serving his final weeks […]Read More
President Muhammadu Buhari on Tuesday launched the first oil drilling of the Ebenyi-A Exploration Well in Nasarawa State’s Obi Local Government Area’s Middle Benue Trough. In his virtual spud-in ceremony for the Well, Buhari urged the Nigerian National Petroleum Company Ltd., NNPCL, and its partners to consider the environmental consequences of oil exploration activities and […]Read More
No fewer than 30 women chief executives are undergoing a six-day Entrepreneurship Training Workshop sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) in Port Harcourt, Rivers State. The training, based on a course content developed by the United Nations Conference for Trade and Development (UNCTAD), is being conducted by international master trainers certified […]Read More
The global energy transition is off-track, aggravated by the effects of global crises. Introduced by IRENA’s Director-General Francesco La Camera at the Berlin Energy Transition Dialogue (BETD) today, the World Energy Transitions Outlook 2023 Preview calls for a fundamental course correction in the energy transition. A successful energy transition demands bold, transformative measures reflecting the urgency of […]Read More
The Board of Directors of the African Development Bank has approved a grant of $28.49 million for Ghana to construct renewable energy infrastructure that will increase its renewable energy use by 10 percent through 2030. The financing, which will come from the Climate Investment Funds (CIF) – Scaling Up Renewable Energy Program in Low Income […]Read More
Saudi Aramco has announced plans to build a $10 billion refining and petrochemical complex in China over the next three years, capitalising on the country’s rising energy demand. According to Aramco, the complex will have a capacity of 300,000 barrels of crude per day. The Saudi major will supply the facility with 201,000 barrels per […]Read More
Mali has discovered a huge reserves of clean hydrogen gas. According to reports, the discovery has a town drawing a flammable gas from the earth that produces loads of electricity without CO2 emissions. The town called Bourakébougou was prospected by Aliou Diallo, a Malian energy entrepreneur, who believed the mysterious gas which in the daytime […]Read More
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