Mainstream Energy Solutions Limited, the operators of the Kainji, Jebba, and Zungeru hydropower plants, has repaired the Sabon Pegi Bridge within 24 hours after its collapse due to heavy rainfall on Friday. In an official statement signed by Olugbenga Adebola, Head of Corporate Communications at the company, the flash floods caused the collapse of the […]Read More
Seplat Energy Plc has committed to leading innovations in Nigeria’s energy sector, especially in the oil and gas industry, through technological advancement. At the just concluded Seplat Technology Summit in Lagos, Roger Brown, the Chief Executive Officer of Seplat Energy, emphasised the vital role of technological advancements in advancing the energy sector. Brown, who was […]Read More
Africa50, a leading pan-African infrastructure investment group, has pledged $100 million to accelerate renewable energy projects and infrastructure across Africa. This $100 million investment stems from a collaboration agreement between Africa50 and the International Renewable Energy Agency (IRENA). The funds will be managed through IRENA’s Energy Transition Accelerator Financing (ETAF) platform. IRENA revealed that the […]Read More
China’s state-held oil and gas giant CNOOC said on Thursday that it had launched crude oil production from a new development project in the South China Sea. CNOOC, which specializes in offshore exploration and production in China and abroad, announced the start of the Enping 21-4 Oilfield Development Project in the eastern South China Sea, at an […]Read More
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has rejected the allegations from Dangote Refinery’s management, which claimed that fuel marketers are bringing substandard fuel into Nigeria with the approval of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). DAPPMAN, in a statement released last night, asserted that no member of their […]Read More
Paraphrased Article ExxonMobil, a leading American oil and gas corporation, has affirmed that it will maintain its presence in Nigeria. On Monday, Shane Harris, the managing director and CEO of ExxonMobil, shared this commitment during his visit to Nigeria’s minister of state for petroleum resources, Heineken Lokpobiri. In the meeting, according to a statement by […]Read More
Paraphrased News Article (Active Voice) The World Bank announced its plan to conduct a supervision mission next month to address the underperformance of a $500 million loan aimed at enhancing Nigeria’s electricity distribution sector. According to the latest Implementation Status & Results Report for the project, the mission will occur from July 8 to July […]Read More
The 11 electricity distribution companies (DisCos) in Nigeria generated N291.62 billion in revenue during the first quarter of 2024. This amount represents a slight decline from the N294.95 billion collected in the fourth quarter of 2023. However, comparing year-on-year figures, revenue rose by 17.91 percent from N247.33 billion in the first quarter of 2023, as […]Read More
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
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