All On, a Shell-funded Nigerian impact investment company, has awarded a $395,000 grant to Ceesolar Energy Limited in an effort to promote sustainable development and economic growth in the Niger Delta. All On, in a statement released on Thursday, said the investment marks the first beneficiary of the Niger Delta Grant program, a collaborative initiative […]Read More
The world’s leading nuclear powers spent a record $91.4 billion on their nuclear defense systems in 2023–good for a 13.4 percent increase over 2022 spending–the International Campaign to Abolish Nuclear Weapon (ICAN) has revealed. In its fifth annual audit of the global nuclear arms trade, ICAN has reported that the United States increased its nuclear […]Read More
French energy giant TotalEnergies reported a strong performance in Nigeria for 2023, announcing a whopping N635 billion in revenue. This impressive figure translates to a significant windfall for shareholders, with the company declaring an N7.129 billion dividend payout. Chairman of TotalEnergies, Jean-Philippe Torres, who declared this at the 44th Annual General Meeting of the company […]Read More
John Anim, managing director of Platform Petroleum Limited, highlighted this improvement during a panel on ‘Investment Opportunities in Nigeria’ at the Invest in Africa Energy 2024 conference in Paris, France. He said that security challenges in the Niger Delta have significantly lessened. Anim attributed previous security issues to the exclusion of host communities from the […]Read More
EnAccess Foundation and the World Resources Institute (WRI), are championing the inaugural open-source in energy access initiative that fosters data-driven decision making. The World Bank, Energy Sector Management Assistance Program (ESMAP), and Prospect supported the inaugural Open Source in Energy Access Symposium (OSEAS), which took place in Abuja from May 7-10, 2024. Abba Aliyu, Acting […]Read More
Patrick Pouyanne, the chief executive officer of TotalEnergies, has revealed that the company is investing $6 billion in energy projects in Angola over Nigeria, citing inconsistency in policymaking in Nigeria as the primary reason for this decision. During the Africa CEO panel in Kigali, Rwanda, Pouyanne said that despite the Niger Delta’s status as West […]Read More
Russian President Vladimir Putin is set to visit China on May 16-17 for discussions with President Xi Jinping, in part to discuss expanding energy and trade partnerships. The state visit, initiated by Xi, will cover topics such as China’s Belt and Road Initiative as well as the situation in the Middle East and Asia, and […]Read More
Targets for 100 percent electric vehicle adoption by 2035 cannot be achieved without an unprecedented acceleration in copper mining, according to Joseph McMonigle, the Secretary General of the International Energy Forum. Copper is the most essential mineral for societal development, but growing electrification needs globally cannot be met if limited supplies of copper are taken […]Read More
TotalEnergies is poised to foster the development of 100 promising startup ventures across 32 African countries, with Nigeria prominently featured, through the fourth edition of the ‘Startupper of the Year Challenge.’ Adesuwa Adewole, General Manager, TotalEnergies Country Services, stated that the fourth edition of the challenge reaffirms TotalEnergies’ commitment to promoting innovation and entrepreneurship and […]Read More
Ekperikpe Ekpo, State Minister of Petroleum Resources (Gas), announced yesterday that the federal government has finalized an agreement with Shell to provide gas for the proposed Brass methanol plant, estimated at $3.8 billion. Ekpo disclosed that the Gas Supply and Purchase Agreement (GSPA) crucial to the project will be signed in May 2024 after fruitful […]Read More
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