Dangote Cement Plc has now become Nigeria’s leading operator of compressed natural gas (CNG) trucks after investing over $280 million in advanced technology and infrastructure. The company stated that this substantial investment of over $280 million not only cements its position in the CNG sector but also highlights its commitment to tackling climate change and […]Read More
Israel Defence Forces (IDF) has conducted three waves of targeted airstrikes on Iranian military installations early Saturday morning. According to the IDF, these “precise strikes” were a direct response to a ballistic missile attack by Tehran on October 1, marking the second time in six months that Iran has launched missiles directly at Israel. At […]Read More
The Dangote Refinery has made a major contribution to Nigeria’s fuel supply, delivering around 79.4 million litres of petrol to the local market by sea. The vessel Sabaek recently transported about 500,000 barrels (79.4 million litres) of petrol from the refinery to Lagos, according to a port report and Bloomberg’s ship-tracking data. This first sea-based […]Read More
The Federal Government, through the Ministry of Petroleum Resources, has approved support for Kogi State’s request to commence crude oil exploration. Heineken Lokpobiri, the Minister of State for Petroleum Resources, welcomed Kogi State’s governor during a courtesy visit to his office in Abuja on Thursday. Lokpobiri noted that, as a key central state, Kogi will […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has ramped up efforts to locate eight missing individuals following a helicopter crash in the Gulf of Guinea. The helicopter, registered as 5N-BQG, had six passengers and two crew members on board. So far, three bodies have been recovered, and the search continues for the remaining five. Olufemi […]Read More
Dangote Petroleum Refinery and Petrochemicals FZE has filed a lawsuit at the Federal High Court in Abuja, seeking to invalidate import licenses granted to the Nigeria National Petroleum Company (NNPC) Limited, Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies. The refinery argued that these licenses, which allow the importation of refined […]Read More
The Federal Government has given the green light to Seplat Energy’s purchase of Exxon Mobil Corp’s onshore assets, more than two years after the $1.28 billion deal was first agreed, according to the head of the country’s upstream regulatory body on Monday. The deal, initially announced in February 2022, had been under regulatory review, awaiting […]Read More
Shelf Drilling, an Oslo-listed drilling contractor, has secured contracts worth around $234 million for two jack-up rigs set to operate off the coast of Nigeria. The Dubai-based company confirmed a three-year contract for its rig, the Shelf Drilling Achiever, with operations expected to begin in October 2024. The contract also includes an option to extend […]Read More
The pan-Yoruba socio-political group, Afenifere, expressed concern on Saturday about the rising cost of energy, stating that it negatively affects not only the economy but also health and security. Afenifere’s comments follow the sharp increase in petrol prices, with a litre now costing between N1,000 and N1,400, while the price of cooking gas has risen […]Read More
Egbin Power, Nigeria’s largest power generation company, has highlighted the need for stronger collaboration among stakeholders in the energy sector to drive the country’s socio-economic growth. Speaking at the 2024 Nigeria Energy Conference in Lagos, Egbin Power’s CEO, Mokhtar Bounour, stressed the importance of unity in the sector during a panel session themed “Gas to […]Read More
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