Ayeni Akinola

IEA Chief Calls for Greater Role of Hydropower in Electricity

October 17, 2025 Governments and policy makers need to pay more attention to hydropower as a major source of low-emission flexible power generation in the age of booming electricity demand, Fatih Birol, the executive director of the International Energy Agency (IEA), said on Friday. Hydropower “remains the forgotten giant of electricity,” Birol wrote in a LinkedIn post, […]Read More

China’s Role in Africa’s Green Energy Future

October 17, 2025 China’s incredible pace of clean energy spending has made the world’s second-largest economy the single-largest producer of clean energy by a long shot. This dominant position in global energy markets doesn’t just stem from domestic production capacity, but from increasingly significant control of global supply chains for clean energy technologies and materials, […]Read More

NAEC Energy Conference: Stakeholders  demand priority for gas investment bankability

‘How govt, stakeholders can take gas to the last mile consumers, assure sustainable growth,’ Sahara Group, Neconde Energy Limited, Rainoil Limited, Eterna Plc share thoughts on why time is ripe for the domestic gas market to provide compelling signals for RoI Key stakeholders in the Nigeria’s Energy space have heightened demand to give priority attention […]Read More

Ikeja Electric, LECAN Empower Young Electricians Through Skill Training

October 14, 2025 As part of its continuous investment in human capital development, Ikeja Electric Plc (IE), Nigeria’s leading electricity distribution company, in collaboration with the Licensed Electrical Contractors Association of Nigeria (LECAN), organized a one-day intensive skills acquisition and capacity-building programme themed: “Electrical Safety and Best Practices in the Electricity industry.” The training brought […]Read More

OPEC+ Oil Production Jumped by 630,000 Bpd in September

October 13, 2025 The members of the OPEC+ group boosted their production in September by 630,000 barrels per day (bpd) from August as the alliance last month completed the unwinding of 2.2 million bpd cuts that began in April this year. Total OPEC+ crude oil production averaged 43.05 million barrels per day (bpd) in September […]Read More

EKO DISCO REGISTERS EXCEL ELECTRICITY DISTRIBUTION COMPANY AS A SUBSIDIARY

October 7, 2025 The Eko Electricity Distribution Company Plc (Eko DisCo) has announced the formal registration of Excel Electricity Distribution Company Limited as a 100 percent subsidiary. In a statement signed by the management of Eko Distribution Company, the new company will oversee electricity distribution operations within Lagos State in line with state regulatory requirements. […]Read More

Petronas Dividend for Malaysia Set to Sink as Oil Prices

October 10, 2025 The contribution of national energy giant Petronas to Malaysia’s budget is expected to crash by 38% next year, to the lowest level since 2017, amid falling oil prices. The company is set to pay to Malaysia $4.7 billion (20 billion Malaysian ringgit) in 2026, down from $7.6 billion (32 billion ringgit) it is contributing […]Read More

Sanctioned Indian Refiner Switches to Rail to Move Oil

October 10, 2025 Energy, operator of India’s second-largest refinery, has ramped up its oil deliveries by train as export markets shrink. Per a Reuters report, the refiner, which is 49% owned by Russia’s Rosneft, has been loading between two and three trains of 50 tanker cars each every day since late August, after in July the […]Read More

Russian Strikes Curtail 60% of Ukraine’s Natural Gas Production

October 09, 2025 Last week’s massive Russian attacks on energy infrastructure in the Poltava and Kharkiv regions in Ukraine have forced the shutdown of about 60% of the Ukrainian natural gas production, sources familiar with Ukraine’s talks with its allies told Bloomberg. With more than half of its domestic gas production offline ahead of the winter, […]Read More

Crude Oil Futures Rise on Supply Data and OPEC+ Outlook

October 08, 2025 Crude Oil prices rose early on Wednesday after an industry report showed on Tuesday that the crude stocks at the key Cushing hub fell further and OPEC+ somewhat eased fears of an imminent glut with a planned modest increase in output.   As of 8:05 a.m. EDT on Wednesday, WTI Crude prices were up by […]Read More

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