ADNOC Acquires 10% Stake in Mozambique Gas Project. In a significant move bolstering its international gas footprint, Abu Dhabi National Oil Company (ADNOC) has acquired a 10% stake in the Area 4 concession of Mozambique’s Rovuma basin, marking its fourth venture into the global gas market. The deal, announced on Wednesday, follows closely on the…
Shell Expects Australian LNG to Meet Surging Demand in Asia. Shell anticipates that its liquefied natural gas (LNG) supplies from Australia will play a pivotal role in satisfying the escalating demand from emerging markets in south and southeast Asia, which are projected to absorb a significant portion of the global supply uptick towards the latter…
Power: AfDB, EU Consider Strategies to Connect 95 Million Rural Nigerians to Electricity. The European Union (EU) and the African Development Bank (AfDB) are reassessing their financing strategies to bridge Nigeria’s significant electricity supply gap, which has left approximately 95 million people without power. Chief Adetayo Olowoniyi, Chief Technical Adviser at the Federal Ministry of…
Experts: Nigeria’s $296 Billion Blue Economy Sub-Sector Hampered by Policy and Infrastructure Deficits. Nigeria, with its extensive 852-kilometer coastline along the Atlantic Ocean in the Gulf of Guinea and a maritime area of over 46,000 square kilometers, has significant untapped potential in its blue economy. This includes fresh mangrove swamps, creeks, coastal rivers, estuaries, bays,…
NiMet Predicts Three Days of Sunshine and Thunderstorms Starting Monday. Sunshine and thunderstorms are expected to dominate the weather from Monday to Wednesday, May 20–22, across the country. The Nigerian Meteorological Agency (NiMet) provided this forecast in its three-day weather outlook released on Sunday in Abuja. For Monday, NiMet predicts sunny skies with patches of…
NNPC Ltd Reports Nigeria’s Oil Production Approaching 1.7 Million Barrels Per Day. Nigeria’s oil production is on the rise, nearing 1.7 million barrels per day (mbpd) from 1.28 mbpd in April, according to Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL). This was disclosed during a stakeholders engagement between…
NLNG Operations not Impacted by Explosion at Gbarain Ubie Gas Processing Plant. The Nigerian Liquefied and Natural Gas (NLNG) says it is aware of reports of an explosion at a gas processing plant in an upstream facility at Gbarain Ubie, Yenagoa Local Government Area of Bayelsa State on Tuesday. According to the company, this does not impact the gas…
WIEN and NCDMB Meet to Promote Gender Diversity in Energy Sector. In a significant step towards enhancing gender diversity and inclusivity in Nigeria’s energy sector, the Women in Energy Network (WIEN) recently held a high-level meeting with the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Ogbe. Led by WIEN…
HYPREP Initiates Cleanup of High-Risk Sites in Ogoniland. The Hydrocarbon Pollution Remediation Project (HYPREP) has initiated plans to clean up Nsisioken, one of the most polluted sites in Ogoniland, as part of its commitment to restore and remediate Ogoni communities affected by crude oil pollution. Nsisioken, located in Eleme Local Government Area of Rivers State,…
NNPC Ltd. clarifies Lagos depot fire incident The Nigerian National Petroleum Company Ltd. (NNPC Ltd) has moved to allay concerns regarding petroleum product supply and distribution following a fire incident at a depot in Lagos. Chief Corporate Communications Officer, Mr. Olufemi Soneye, emphasized in a statement issued on Friday in Lagos that the incident would…
