• April 9, 2026
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Sterling Bank to Achieve Off-Grid Status with Solar Power by 2023

Sterling Bank to Achieve Off-Grid Status with Solar Power by

April 10, 2023

Sterling Bank Plc’s corporate headquarters, which is powered by Building Integrated Photovoltaic (BIPV) energy technology as its primary source of energy, is set to go completely off-grid in the second quarter of the year. Olabanjo Alimi, group head of transport and renewable energy at Sterling Bank, told EnergyPlanets in an exclusive interview that the building […]Read More

Shell Cancels Singapore Base Oil Plant Plans

Shell Cancels Singapore Base Oil Plant Plans

April 7, 2023

Shell has scrapped plans to establish a biofuel unit and a Group 2 base oil refinery in Singapore. The biofuel facility was designed to create 550,000 t/yr of SAF, HVO, and renewable chemicals utilizing renewable hydrogen and waste biofuel feedstocks such as discarded cooking oil and animal fats. It is uncertain how much Group 2 […]Read More

GasLog and GasLog Partners Enter Merger Agreement

GasLog and GasLog Partners Enter Merger Agreement

April 7, 2023

In response to the offer made public in January 2023, the parties have now formally agreed to the purchase of all outstanding common units of GasLog Partners that are not beneficially owned by GasLog. GasLog Partners will make a special cash distribution of $3.28 per common unit to the GasLog Partner’s unitholders in connection with […]Read More

Oil Producers Under OPEC Alliance To Slash Output By 1.16m From May

Oil Producers Under OPEC Alliance To Slash Output By 1.16m

April 2, 2023

Saudi Arabia and other OPEC+ oil producers unexpectedly cut oil production by more than 1.16 million barrels per day on Sunday. Analysts predicted an immediate price increase, and the United States deemed the action unwise. The pledges bring OPEC+’s total reductions, which include Russia and other allies, to 3.66 million bpd, or 3.7 percent of […]Read More

Timipre Sylva Resigns as Minister of State for Petroleum

Timipre Sylva Resigns as Minister of State for Petroleum

March 30, 2023

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

Anambra Govt, EEDC Sign Agreement to Boost Electricity

Anambra Govt, EEDC Sign Agreement to Boost Electricity

March 24, 2023

The Enugu Electricity Distribution Company PLC (EEDC) and the Government of Anambra State entered a strategic partnership aimed at delivering the energy requirements in the state, for reliable, universal electricity access. To seal this collaboration, Charles Chukwuma Soludo, the Executive Governor of Anambra State, presided over the memorandum of understanding signing ceremony which was held […]Read More

Foreign Investor Acquires Majority Share of S’Africa’s Renewable Energy Firm

Foreign Investor Acquires Majority Share of S’Africa’s Renewable Energy Firm

March 14, 2023

Copenhagen Infrastructure Partners (CIP) has acquired the majority stake in Mulilo Energy Holdings (Mulilo), a prominent renewable energy developer in Cape Town, South Africa, through its Copenhagen Infrastructure New Markets Fund I (CI NMF I). According to multiple reports, CIP will take over the company, while Mulilo’s current founders and management will continue to lead […]Read More

Seplat CEO, Roger Brown Steps Aside After Court Order

Seplat CEO, Roger Brown Steps Aside After Court Order

March 10, 2023

Roger Brown, the Chief Executive Officer of Seplat Energy Plc, has stepped down in response to an order from a Federal High Court in Lagos. Brown will cease acting as CEO until the outcome of a lawsuit filed by disgruntled corporate stakeholders against him and others. The British national was accused of racism, partiality towards […]Read More

Minister of State Petroleum Resources joins race for Bayelsa gov seat

Minister of State Petroleum Resources joins race for Bayelsa gov

February 20, 2023

Timipre Sylva, former Bayelsa State governor and Minister of State Petroleum Resources, has entered the race for the State’s gubernatorial seat. According to reports, friends of the minister paid N50 million for the former governor’s nomination and expression of interest forms in the All Progressives Congress. On Monday, the said friends reportedly went to the […]Read More

Nigeria: Oil Market – High Crude Prices Shoot Aviation Fuel

June 13, 2022

The price of aviation fuel has increased by 121.4 per cent to N620 per litre in June 2022, from N280 per litre in the corresponding period of 2021, due mainly to the rising price of crude oil in the international market. The price of crude, currently hovering at $128 per barrel, had stood at about […]Read More

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