Jun 19, 2025 Zhongman Petroleum and Natural Gas Group (ZPEC), an independent Shanghai-listed Chinese oil and gas company, has won a licensing contract to explore a natural gas block in central Algeria, the firm has said. Algeria’s National Agency for the Valorization of Hydrocarbon Resources, ALNAFT, has awarded the Chinese firm an exploration contract for the […]Read More
Jun 19, 2025 Chevron Explores Sale of Singapore Refinery Stake Reuters reported on Thursday, citing multiple sources with knowledge of the matter. Singapore Refining Company is a 50/50 joint venture between Chevron and Chinese state-run oil and gas giant PetroChina. The refinery in Singapore can process 290,000 barrels per day (bpd) of crude oil, with the fuel traded through […]Read More
Jun 20, 2025 Russia is preparing to sell off chunks of its most prized state-owned companies in a desperate bid to raise cash—reviving an old strategy with a history of smoke, mirrors, and self-dealing. Finance Minister Anton Siluanov confirmed Friday that firms in the energy, transport, and finance sectors are on the chopping block as […]Read More
ABA Power, Nigeria’s newest electricity distribution company (DisCo), is leading four companies to assemble smart electricity meters in Aba, the Abia State economic hub centre. The Group Managing Director of the Geometric Power group, the Aba Power parent company, Mrs. Agatha Nnaji, disclosed this when the Abia State House of Assembly on Power and Public […]Read More
CSR: The FGN’s National Food Intervention (NFI) initiative aims to ensure sustainable access, availability, and affordability of quality food for all Nigerians, with the broader goal of Nigeria becoming a significant food provider globally. This involves addressing challenges in the agricultural value chain, promoting private sector participation, and stimulating food production. Ultimately, the initiative seeks to alleviate […]Read More
The Federal Government (FG) has underscored the need to de-risk African gas pipeline projects through consistent policies, investor-friendly frameworks and stronger political will. Mr Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas), made this known in Abuja at the 2025 edition of the Africa Gas Innovation Summit (AGIS). The summit, with the theme, “Building a […]Read More
The Meter Acquisition Fund (MAF) is a Presidential Metering Initiative (PMI) aimed at closing the metering gap across electricity distribution companies (DISCOs), with Tranche A focusing specifically on Band A customers. All existing Band A customers, including those undergoing migration or meter replacement, who enjoy a minimum of 20 hours of electricity supply daily, are […]Read More
18th June 2025 U.S said it has Launched a Reliable Grid Project To Address Concern On Power Reliability/Affordability Bringing together a national network of experts from across the consumer, technical, policy, academic, and communications fields, the project aims to provide clear, nonpartisan information and analysis to guide conversations around the country’s aging infrastructure, rising electricity […]Read More
The Transmission Company of Nigeria (TCN) has inaugurated its Performance Improvement Plan/Power Sector Recovery Operation (PIP/PSRO) Committee. Ndidi Mbah, the General Manager, Public Affairs, disclosed this in a statement on Wednesday. The statement quoted that the Performance Improvement Plan/Power Sector Recovery Operation(PIP/PSRO) program is an Order and a critical component designed by the Nigerian Electricity […]Read More
The prices of oil rose on Wednesday, June 18, 2025, extending a 4% gain from the previous session on worries that the Iran-Israel conflict could disturb supplies. Brent crude futures rose 26 cents, or 0.3%, to $76.71 a barrel by 0440 GMT, while U.S. West Texas Intermediate crude futures rose 35 cents, or 0.5%, to […]Read More
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