Over $50bn Oil Industry Projects Unveiled at NOGOF- Wabote Oil and gas opportunities valued over $50bn and projected to be developed within five years were showcased by international and indigenous companies at the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF) which ended on Friday at the conference hall of the Nigerian Content Development and…
Lagos to boost Power Supply with 1GW Renewable Energy Project Lagos state government, has promised ‘Lagosians’ that it would generate 1 gigawatt (GW) of renewable energy to bridge the power supply gap in the state. The state government noted that increasing available renewable energy would make Lagos a more resilient city and help create more…
Kenya Power Targets 280,473 Homes With Cheap Connectivity Kenya Power has announced the return of the Last Mile Connectivity Project (LMCP), which will connect households to the national grid under a subsidized program. The new phase will benefit 280,473 households in 32 targeted counties at a cost of Sh26.8 billion. The LMCP project will see…
Kyari urges oil, gas stakeholders to focus more on gas domestication The Group Chief Executive Officer (GCEO), of the Nigerian National Petroleum Company Ltd, Mallam Mele Kyari, has called on stakeholders of the oil and gas industry to focus on gas and implored all partners to join NNPC to build and domesticate infrastructure. Kyari,…
Putin Says OPEC+ Cuts were to Maintain High Oil Prices Russia’s President Vladimir Putin has contradicted the position by OPEC+ that its 1.2 million barrels per day production cut announced in April was intended to balance the markets, with the Russian leader saying it was necessary to maintain relatively high oil prices. According to Putin,…
Million Bpd of Crude in Alberta Under Extreme Wildfire Threat – Rystad Energy Norwegian energy consultancy Rystad Energy has warned that nearly 2.7 million barrels per day of Alberta oil sands production is in”very high” or “extreme” wildfire danger rating zones in the month of May. Rystad estimates that 60% of May production volumes are…
Renewed Hopes as Africa’s Refining Industry gears towards recovery in 2023 Africa’s Downstream Industry appears to be revamping in 2023, thanks to the reopening of some refineries and the commission of some new facilities in the continent. This is according to the recently published Hawilti’s African Refineries Watch, Although at 40%, sub-Saharan Africa’s refining capacity…
Court of Appeal Suspends Enforcement of Interim Court Orders against Seplat and its Officers Seplat Energy has announced that, the Court of Appeal of Nigeria, sitting in Abuja, has suspended the ex parte Interim Orders granted on 11 May 2023 by the Hon. Justice I.E. Ekwo of the Federal High Court, Abuja in suit number…
Federal High Court Strikes out Moses Igbrude Petition Seplat Energy has announced the Federal High Court, sitting in Lagos, has struck out the Petition commenced on 8th March 2023 by Moses Igbrude, Sarat Kudaisi, Kenneth Nnabike, Ajani Abidoye and Robert Ibekwe in Suit No. FHC/L/CP/402/2023 – Moses Igbrude & 4 others V. Seplat & 2…
TotalEnergies strengthens its Suriname portfolio with two offshore blocks French energy giant, TotalEnergies, has increased its presence in Suriname, thanks to the inking of production sharing contracts (PSCs) for two offshore blocks. The signing of these PSCs come after Chevron and a consortium between TotalEnergies and QatarEnergy submitted winning bids in June 2021 for blocks…
