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
The WTO and the UN Food and Agriculture Organization (FAO) today have agreed to boost cooperation and collaboration on a range of issues in the area of food and agricultural trade and climate change. According to the partners, the initiative comes at a time of growing crises affecting global food security and sustainable agriculture production. […]Read More
Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Krutoy, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Russian Federation, have met today to discuss cooperation in the gas industry. The two sides noted that Gazprom is a reliable supplier of Russian gas to Belarusian consumers. Gazprom Transgaz Belarus, a wholly-owned […]Read More
Nigeria’s Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo has announced that the Nigeria-Morocco Gas Pipeline project is expected to begin construction in 2024. The ambitious project, which aims to connect Nigeria’s vast gas reserves to the European market, is a significant step towards boosting Africa’s energy security and economic development. Ekpo made the […]Read More
Indonesia kicked off a plan to unleash $20 billion in global financing to help decarbonize its power sector, Reuters reported on Tuesday, and to increase the role that renewables plays in its overall energy mix. The $20 billion in funds from lenders, including the United States and Japan, will be disbursed with immediate effect and […]Read More
The Rural Electrification Agency (REA) has taken a significant step towards expanding energy access in Nigeria with the commissioning of a state-of-the-art energy management system control center and the groundbreaking of two solar mini-grid projects. These milestones were achieved under the Korean Energy Project, a collaboration between REA and the Korean Institute for Advancement of […]Read More
By NJ Ayuk, Executive Chairman, African Energy Chamber Behind every discovery, final investment decision (FID), and first oil announcement in our continent are companies of all sizes, advancing our energy industry and bringing Africans closer to realising the energy security and prosperity that their petroleum resources represent. Collectively, these companies are validating the African Energy […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has announced that the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will be inaugurated in December 2024. The pipeline, which is being constructed by Oilserve Limited, is expected to play a major role in boosting Nigeria’s energy supply and reducing its reliance on fossil fuels. Oritsemiyiwa Eyesan, Executive […]Read More
Saudi Arabia will invest some $25 billion in Africa by the end of the decade as part of its Vision 2030 economic transformation plan, according to the Saudi Press Agency. This comes as Nigeria declares that it expects “immediate” multibillion-dollar investment from Saudi Arabia after signing a deal with the country following the first Saudi-Africa […]Read More
The federal government has signed a Memorandum of Understanding (MoU) that aims to establish a robust framework for collaboration between the two nations in the oil and gas sector. A statement by Nnaemeka Okafor,the Special Adviser to Minister on Media and Communication,noted that the Minister for State Petroleum Resources (Oil), Senator Heineken Lokpobiri, and the […]Read More
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