• August 29, 2025
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NEITI COMMENDS NUPRC ON LICENSING ROUNDS, UNVEILS ENERGY TRANSITION & CLIMATE ACCOUNTABILITY FRAMEWORK

NEITI COMMENDS NUPRC ON LICENSING ROUNDS, UNVEILS ENERGY TRANSITION &

May 27, 2025

May 25, 2025.  The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for notable progress in the conduct of the 2022–2023 Mini Bid Round and the 2024 Licensing Round. The commendation follows NEITI’s independent observation and monitoring of the pre-qualification and technical bid processes, in line with its […]Read More

Egbin Power, House Committee collaborate to improve performance

Egbin Power, House Committee collaborate to improve performance

May 22, 2025

In a move to further strengthen the nation’s power sector, the House of Representatives Committee on Privatisation and Commercialisation has expressed its readiness to collaborate with Egbin Power Plc to improve its performance. The House Committee, led by its Chairman, Hon. Hamisu Ibrahim, conveyed this commitment during an oversight visit to the plant, noting that […]Read More

Minister of Power Says Electricity Subsidy Has Led To Huge Debt In Power Sector

Minister of Power Says Electricity Subsidy Has Led To Huge

May 22, 2025

May 21, 2025 Minister of Power, Adebayo Adelabu revealed that the Federal Government (FG) is indebted to Electricity Generation Companies (GenCos) about N4 trillion, including the N1.94 trillion since 2024. Adelabu clarified that payment of electricity subsidy is no longer sustainable adding that it is gulping up to N200b monthly. The Minister said that the […]Read More

Electricity demand expected to jump by more than 75% by 2050 as costs rise, report says

Electricity demand expected to jump by more than 75% by

May 21, 2025

May 20, CBS News A dramatic demand for electricity, coupled with a rise in costs, could create massive energy challenges for the United States over the next two decades, a new report released Tuesday by ICF found. The global consulting and technology services company predicted that electricity demand could jump at least 25% in the next five […]Read More

Savannah Energy Posts Strong Q1 2025 Performance with 15% Increase in Nigeria’s Stubb Creek Production

Savannah Energy Posts Strong Q1 2025 Performance with 15% Increase

May 20, 2025

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, has released its Q1 2025 trading update. The Q1 2025 Unaudited Results showed a strong financial performance, with the company’s total revenue increasing by 19% to US$73.3 million, compared to US$61.4 million in Q1 2024. This was driven by the successful completion […]Read More

SPDC’s successor, Renaissance exceeds oil output target by 40 % in one month

SPDC’s successor, Renaissance exceeds oil output target by 40 %

May 18, 2025

Renaissance Africa Energy Company Limited, the consortium that acquired former Shell Petroleum Development Company (SPDC) says it exceeded production target by 40 per cent within its first month of operation. A statement by Mr Michael Adande, Spokesperson for Renaissance on Friday, noted that the energy firm has demonstrated immediate impact by surpassing production targets by […]Read More

U.S. summer could take a toll on Americans’ budgets to keep homes cool

U.S. summer could take a toll on Americans’ budgets to

May 18, 2025

High temperatures projected across the U.S. summer could take a toll on Americans’ budgets by driving up the price of keeping homes cool.  Home electricity bills are expected to rise to an average of $784 for the summer period, up more than 6% from $737 in 2024 and marking a 12-year record, according a new analysis from […]Read More

Electricity consumption is rising, driving solar, storage expansion: EIA

Electricity consumption is rising, driving solar, storage expansion: EIA

May 17, 2025

Battery storage capacity additions through 2026 are expected to outpace wind, small-scale solar and natural gas, according to the Energy Information Administration. Published May 13, 2025 Electricity consumption is expected to increase in 2025 and 2026, surpassing an all-time high reached last year and driving an expansion in generating capacity – largely in the form […]Read More

Milestone reached in first blueprint for Great Britain’s future energy

May 16, 2025

In a major milestone for the planning of Great Britain’s energy network, the UK Secretary of State for Energy Security and Net Zero and Ofgem have approved the methodology we’ll use to develop the first Strategic Spatial Energy Plan (SSEP). What is the SSEP? For milestone improvement, the SSEP will provide the first high-level blueprint […]Read More

NNPCL, Sahara Group to Collaborate on promoting energy access, sustainability 

NNPCL, Sahara Group to Collaborate on promoting energy access, sustainability 

May 15, 2025

Today, Sahara Group, Executive Directors, Mrs. Moroti Adedoyin-Adeyinka, Dr. kola Adesina, Mr. Tope Shonubi and Mr. Wal Ajibade paid a courtesy visit to The Group CEO of NNPC Ltd, Mr. Bayo Ojulari, at the NNPC Towers in Abuja. From oil and gas to data and infrastructure, the conversation explored how transparent, impact-driven partnerships can power […]Read More

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